Federal Reserve cuts interest rates by 25 basis points:

In line with expectations, short-term bearish for BTC, Powell's remarks indicate no holding of BTC, inflation target not met. Low possibility of interest rate hikes next year, but strong economic data requires more verification.

US stocks plummet: High interest rates drag down the stock market, NASDAQ sees the largest single-day drop since August.

Cryptocurrency fund dynamics: Trump's cryptocurrency project increases holding by 230,000 ENA, need to pay attention to future market opportunities.

Liquidation data: Mainly long positions being liquidated, short positions dominate in the short term.

BTC spot ETF: Influenced by the Federal Reserve's hawkish stance, seeing outflows for the first time after 14 consecutive days of net inflow.

Technical analysis

BTC:

Daily: Evening star pattern, volume breaks below the mid-channel, short-term bearish. 4H chart: Inverted V reversal completed, reverse resistance level is key for the future market. 1H chart: Head and shoulders top pattern, low point resonates with long-term moving average support, short-term may have rebound space.

How is everyone doing from last night? Do less contract trading, focus on spot trading steadily, and wait for the market reversal!