The market has already factored in this rate cut, and when it actually happens, it will become 'good news fully priced in', leading everyone to start selling.
The future rate cut space is limited: the dot plot suggests that each will likely cut once in the next couple of years, and Powell's speech didn't offer any loosening, so funds are wary of the end of easing and dare not buy boldly.
$BTC The technical aspect is not strong: 93,000-94,000 dollars is a strong resistance level recently, and several attempts to break through have failed. Any slight disturbance can easily lead to a pullback.
Short term: There is a high probability of oscillation between 89,000 and 94,000 dollars, with a key focus on whether 89,000 dollars can be defended — if it holds, there may be a slight rebound; if it doesn't, it could drop to 85,000 dollars.
Medium to long term: The overall direction of rate cuts is still favorable for BTC, as long as future inflation stabilizes, the economy doesn't collapse, and institutions gradually enter the market, the trend remains bullish, but it won't happen overnight; we need to wait for the market sentiment and technical aspects to align.