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 likelihood of rate hikes next year, but strong economic data requires further validation.

US stocks plummet: High interest rates drag down the stock market, with the Nasdaq recording its largest single-day drop since August.

Cryptocurrency capital dynamics: Trump's crypto project increases its holdings by 230,000 ENA, attention needed for future market opportunities.

Liquidation data: Mainly bullish liquidations, short positions favored in the short term.

BTC spot ETF: Affected by the Fed's hawkish stance, net outflow for the first time after 14 days of inflow.

Technical analysis

BTC:

Daily chart: Evening star pattern, volume breaks below the middle track of the channel, short-term bearish. 4H chart: Inverted V reversal completed, reversal pressure point is key for the future market. 1H chart: Head and shoulders top pattern, low point resonates with long-term moving average support, potential for short-term rebound.

How is everyone doing tonight? Trade less on contracts, stay steady on spot, and wait for the market reversal!