The 50BP rate cut has already been implemented. Judging from the current reaction, Bao's speech has confirmed the market's expectations for the next economic recession.

Then the next wave of trend-based rising prices of Bitcoin should also be about to start.

The reason why I say it is about to start is that I think it is a bit hasty to pull up immediately at the current time point.

The rate cut has just been implemented, and the market's reaction needs further observation, so I think Bitcoin should have another wave of correction before it really starts to rise. When trading, what you trade is probability. Unless you are a dog dealer, no matter how good a trader is, it is impossible to win every battle. So whether it is analyzing the macro aspect or the technical aspect, it is analyzing the probability of the next market trend.

So I personally think that the next trend will be like this: