The 19th is the date for the release of two important data points, and the most significant one is not the Federal Reserve's interest rate cut, which has already been fully anticipated. A 25 basis point cut in December is no longer questionable. What is more important is the market's reaction to the December dot plot, and whether Powell's remarks after the rate meeting will emphasize the concept of 'slowing down rate cuts.'

It is well known that the market is all about expectations. Even if a rate cut in December is positive, facing the possibility of one or two or even multiple rate cuts not happening undoubtedly increases investors' risks and the risk of corporate defaults under high interest rates. So I even worry that after the US stock market opens tomorrow, #BTC's price may decline as investors preemptively avoid potential bad news.

Of course, this doesn't mean I'm bearish on the market, but based on recent experience, every time important macro data is about to be released, there tends to be a pullback. This reflects investors' risk-averse sentiment, but the main trend has undoubtedly not changed, and I do not recommend anyone to short; I am just concerned about users' risk-averse sentiment.

If it really happens, the market will likely need some time to digest it. Another thing is the potential interest rate hike of the yen; currently, the probability of no hike seems the highest, but whether not hiking can counterbalance 'not cutting rates' is a game of chance.

From a data perspective, there is no problem; the support level remains very solid between $95,500 and $100,500.