$BTC Tonight at 2 AM, the Federal Reserve's interest rate cut will be finalized. Although a 25 basis point cut has been anticipated and is not a surprise, the key issue is not whether the cut will happen, but where the money will flow after the cut.

There is an expectation of a favorable interest rate cut tonight, so funds are in a wait-and-see mode, and the probability of fluctuations in the early hours is high.

Last night, Bitcoin tested the position of 116000 again without breaking through, and it is currently in a situation of pulling back to confirm support.

From a 4-hour perspective, this morning there was a temporary rebound at the position of 112000, but the momentum is not very strong.

Pay attention to the support near 113000 below and the strong resistance area around 116500 above. Before either side breaks out, it is advisable to buy low and sell high.

BTC

103,592.92

+1.64%