Bitcoin has once again fallen below $90,000. Many originally thought that a 25 basis point rate cut by the Federal Reserve would provide support, but instead, it delivered a counterpunch. The reason is actually quite simple: the rate cut had already been priced in by the market, with 95% of expectations reflected in the prices. When it was actually announced, it became a good opportunity for large holders to take profits. #BTC

During the press conference, Powell continued to emphasize inflation pressures and a slowdown in employment, and hinted that "the number of rate cuts in the future is limited," which instantly tightened sentiment. Meanwhile, Oracle's earnings report exploded, plummeting 11% after hours, dragging down both tech stock sentiment and the cryptocurrency market.

However, analysts believe this is not a trend reversal, but rather an emotional correction after overly high expectations. The Federal Reserve has already cut rates three times in a row and plans to buy $40 billion in Treasury bonds next month, indicating that liquidity is not a problem. Once the sentiment is digested, the cryptocurrency market next year may be more favorable than this year. Bitcoin is currently back around $91,100, and the volatility is far from over. #美联储降息