Interest rate cut lands, why is BTC not rising but falling?
The interest rate was cut by 25 basis points as expected, but $BTC did not break through and instead fell. The next interest rate cut may not happen until mid-next year, so the positive effect this time is limited, and the market has not reacted much for now.
In terms of trends, it is currently still fluctuating within an ascending triangle, and it may retest the lower support in the short term.
Key range: 88,000–89,000
If this range is not broken, it is a good opportunity to go long.
Wait for a retest of 88,000–89,000 before considering entering long positions.
Federal Reserve interest rate cut $PIPPIN $GIGGLE
