In the early morning, the Federal Reserve announced a 25 basis point interest rate cut. The market fluctuated sharply due to the implementation of macro policies. Bitcoin briefly broke through 94,000 before falling back, and the positions set up around 92,000 in advance surged to hit the stop-loss. The sleepless night was not in vain.

Currently, after the Federal Reserve's interest rate cut in the early morning, there has not been much of a one-sided trend, but rather a wave of impact that faced resistance and fell back. The market is currently at a critical point of long and short game. Pay attention to the 90,000 level; if it is effectively broken, it may test the support below. If it does not break, we can look at whether the key resistance area of 93,000-94,000 can be effectively broken. In the short term, aggressive buying can be done around 91,000. In the ever-changing market, remember to manage risks well.