At 2 am, a 25 basis point rate cut by the Federal Reserve has almost become a foregone conclusion! However, what truly deserves attention is not the result itself, but the future direction of policy.

The market has long anticipated this interest rate cut, and the funding sentiment has already reacted. The key tonight is how the capital flow will change after the policy is officially implemented. Powell's speech is expected to become a watershed moment for the market, and the volatility may significantly increase at that time.
In terms of market performance, Bitcoin attempted to break through 116,000 for the third time last night but failed, subsequently retreating for consolidation. Currently, it is still in a waiting phase ahead of news release. In the short term, investors are waiting for clear signals, and once the direction becomes clear, the market may quickly expand.
Investment strategy suggestion: If there is a pullback to the 110500-111000 area, consider positioning with a light allocation; pay close attention to the resistance levels at 114000 and 116000 above. If it can effectively break through and stabilize, it is expected to continue pushing towards the 120000 line.
Overall, this round of interest rate cuts indicates that the liquidity environment may gradually improve, but investors still need to be wary of short-term market volatility risks. Maintaining a reasonable pace, strictly controlling positions, and responding rationally to market changes are key to long-term investment success. $BTC