The Federal Reserve announced a 25 basis point rate cut, but since the market interpreted it as a hawkish cut, the US dollar index strongly broke through the 108 level, and the Dow Jones index plummeted by over a thousand points, while the S&P index recorded its largest decline on a rate cut day since 2001. At the same time, gold prices dropped sharply by nearly 60 dollars during the session, and Bitcoin (BTC) fell below the 100,000 dollar mark at midday.

Core Summary Points:

1. The Federal Reserve clearly stated its intention not to hold Bitcoin (BTC).

2. Despite inflation being above target levels, further rate cuts may still be possible.

3. It is unlikely that interest rate hikes will be implemented next year.

4. By the end of 2025, the benchmark interest rate may be lowered two more times, each by 25 basis points.

Market Analysis:

• Bitcoin (BTC):

During midday, it briefly dipped to about 98,700 dollars, rebounding after hitting the lower boundary of the upward channel, showing some support strength. Although bearish news is gradually being digested, the overall macro trend still leans towards bullish. In the short term, attention should be paid to the support level of 99,580 dollars and the resistance level of 102,450 dollars.

• Altcoins:

The overall market generally declined, but most cryptocurrencies completed a second test of the oversold support level from December 10th. After reaching the weekly K-line support, signs of a rebound began to appear, and it is recommended that investors who made earlier positions patiently wait for the formation of a further rebound trend.

In terms of operations, it is advisable to cautiously monitor key support and resistance areas and reasonably adjust positions to cope with market fluctuations.