The cryptocurrency market is evolving from a single-trend environment to a more complex structure, according to a recent Matrixport report. The report highlights that the latest Federal Open Market Committee (FOMC) meeting results aligned with expectations, yet the lack of clear guidance on future policy paths has increased market uncertainty. Despite this, current interest rate and asset price levels suggest these uncertainties are limited. Matrixport notes that Bitcoin has fallen below a key long-term trend level for the first time in the current bull market, mirroring patterns seen around previous midterm elections. The report also points out that while discussions about the Federal Reserve's balance sheet have intensified, overall market liquidity remains tight, and retail trading activity has not significantly rebounded. This transition phase emphasizes the need for effective position management and risk control, as the market consolidates without necessarily entering a bear market.