In the last round of interest rate cuts, BTC prices briefly rose after the first rate cut, and then the overall downward channel opened. The overall retracement from the top lasted 175 days, with a retracement of about 50%.

Unlike the last rate cut cycle, due to the swing in expectations of rate cuts, BTC's retracement came earlier this year. After the high point in March this year, BTC has been fluctuating and retracement for a total of 189 days, with a maximum retracement of about 33%. From historical experience, the long-term bullish market outlook is likely to fluctuate or retrace in the short term, but the intensity and time of the retracement will be smaller and shorter than the last time.