The Federal Reserve lowered interest rates by 25 basis points in the early morning, but BTC did not take the opportunity to break through. Instead, it staged a 'buy the expectation, sell the facts' high and low trading pattern. The core issue lies in the hawkish guidance on the future interest rate cut path—the market expects the next easing window may be postponed to mid-next year, and short-term liquidity benefits have been overdrawn in advance, making it difficult for news to form sustained momentum.
From a technical perspective, the previous ascending triangle structure has not been broken, but the trend shows obvious weakness characteristics, with prices once again testing key support areas. Compared to the initial plan of entering below 90,000, current focus should be on the defensive effectiveness of the core range between 88,000 and 89,000. This area is both a previously dense trading zone and the last defensive lifeline for bulls in the short term.
Operational strategy:
For existing long positions, it is recommended to take profits first to avoid the risk of pullbacks in weak fluctuations; those who have not entered the market need not rush to catch the bottom, but should patiently wait for prices to confirm support by retracing to the 88,000-89,000 range. If a volume contraction stabilization signal appears, long positions can be directly arranged. From a trend logic perspective, despite short-term pressure, the macro backdrop of easing remains unchanged, and a rebound trend is still expected to brew later, with the key point being the quality of support defense.
