Although the Federal Reserve cut interest rates by 25 basis points, Powell's statement is still relatively hawkish, so the market's rise will not be smooth sailing!

Even the negative news mentioned in the afternoon about 'buying the expectation, selling the facts' is coming to fruition. In the short term, BTC is likely to pull back and test the support strength in the $113,500 - $115,000 area. If it breaks below, it may drop to $110,000.

However, with the rate cut in place, in the long run, it will ultimately be a great benefit, and I am optimistic about the long-term market.