Today, the BTC price fluctuated around 110,900. In the early morning, the Federal Reserve announced a 25 basis point rate cut, in line with market expectations. However, as this news had already been priced in by the market, the BTC price did not rise due to the rate cut; instead, it experienced a decline.

Recent key levels: Resistance is in the range of 111,300-111,700 dollars above. If it cannot effectively break through this range, a decline may occur; support is around 109,900 dollars below. If effective support can be gained at this position, a rebound may come $BTC .