At 2 AM, a 25 basis point rate cut by the Federal Reserve has almost become a certainty, but the real focus of attention is not the result itself, but the subsequent policy direction.

The market has already reached a consensus on this interest rate cut, and investor sentiment and capital movements have reacted in advance. The key lies in which sectors the funds will flow into after the policy is officially announced. Powell's speech is expected to become a turning point for the market, at which point market volatility may significantly increase.

From the recent market trends, Bitcoin has attempted to break through the 116,000 level three times without success and is currently in a sideways consolidation phase ahead of news releases. In the short term, investors are waiting for clearer directional guidance, and once a breakout signal appears, the market may quickly surge.

Investment strategy suggestion: If there is a pullback to the range of 110500-111000, consider a small position layout; watch for resistance levels at 114000 and 116000 above. If it can effectively break through and stabilize, it is expected to further challenge the major level of 120000.

Overall, the start of this round of interest rate cuts signifies that the market liquidity environment may gradually improve, but investors still need to be alert to short-term volatility. Maintaining a calm pace, strictly controlling position ratios, and responding rationally to market changes are the keys to success in long-term investing. $BTC