Yesterday we ate too much spicy food,

Tonight, BTC suddenly surged, jumping directly from around 90,000 to 94555. Many brothers asked me what was going on. In short: it's all because of the expectations of the rate cut, this surge is very clear!
First, let me talk about the first reason: the Federal Reserve is expected to cut interest rates early Thursday morning. The market has known about this for a while, but recently Bitcoin dropped to over 80,000. Now, with just a few days left until the rate cut, it's completely normal for funds to speculate on 'expectations' ahead of time — just like rushing to buy goods for the New Year, the earlier you buy, the more you earn. Institutions have entered the market early to drive prices up and realize those expectations in advance.
The second reason is related to the US stock market: recently, the US stock market has been hovering at high levels, with a slew of positive news. Tonight, after a lower opening, the US stock market surged directly upwards. Bitcoin and the US stock market are like two sides of the same coin; when the US stock market rises, Bitcoin will definitely follow suit, benefiting from the rise of the US stock market.