The Federal Reserve's interest rate decision will be announced at 3 AM, and the result of a 25 basis point rate cut aligns with market expectations. According to data from the Chicago Mercantile Exchange (CME), the probability of another 25 basis point cut in December is as high as 70.5%. Before the overall data is officially released, the market has actually digested the relevant information, so there has not been much volatility after the data is announced.

The price of Bitcoin continued to rise and reached a new high in the early morning, but there was no acceleration in the rise after breaking the previous high. After the price touched 76,800, it began to pull back.

From a daily chart perspective, although there is still momentum to break the high, the current formation does not sufficiently indicate a large-scale continuation trend. It is crucial to pay attention to the weekly closing situation. If the weekly performance is good, Bitcoin may continue its upward trend next week.

There are two key support levels below, which are 74,500 and 73,500. Among them, 74,500 is the starting point for the upward movement after the second retest the day before, while 73,500 is the position for the top-bottom conversion of the previous highs. If the price stabilizes in this support area, a bullish outlook can be considered, and the specific trading layout will need to pay attention to real-time alert information.