Can an emotional bull market directly transition to a structural bull market?

The most significant event in the cryptocurrency circle:

At 3:00 AM Beijing time on the 8th, the Federal Reserve's interest rate decision on November 7 is expected to lower rates by 0.25%.

Tonight's expectation is a 0.25% rate cut, or will there be an unexpected 0.50% rate cut to directly trigger a raging bull market?

Or will there be no rate cut at all, and the market will directly start a major correction?