The U.S. Federal Reserve (Fed) has just announced an additional 0.25 percentage point cut in the FOMC meeting, but the market seems to have 'predicted' and reacted quite calmly. Bitcoin (BTC) is currently trading at around 115,500 USD, down less than 1% from the previous day.

This can be seen as a familiar situation: 'buy the rumor, sell the news' - the market has run ahead of expectations, and when official information appears, a slight profit-taking force emerges causing price adjustments.

Fed Cuts Interest Rates - But the Market Has Already Priced It In

The decision to cut 0.25% raises interbank interest rates to approximately 4.00% - 4.25%, with a voting ratio of 11-1.

This move is seen as positive for risk assets, but investors have 'priced in' this scenario for several weeks.

Chairman Jerome Powell emphasized that this is a 'risk management' move rather than a signal of a weak economy.

Market data shows:

- The total market capitalization of cryptocurrencies remains above 4 trillion USD, down less than 1% in the last 24 hours.

- Top cryptocurrencies dropped an average of 0.43%.

- The Fear & Greed Index dropped to 51 points, neutral, slightly down from the 'greedy' zone last week.

Bitcoin Chart: Moving Sideways But Still Showing a Slight Uptrend

BTC opened at 116,836 USD, dropped to a daily low of 114,747 USD after the Fed's announcement, then rose to about 115,500 USD.

RSI = 58, indicating a neutral activity but leaning towards bullish.

ADX = 18, reflecting that the market has no clear trend - may continue to move sideways until a new stimulating factor emerges.

The highlights are the EMA50 and EMA200 lines: previously indicating signs of consolidation suggesting downside risk, but the recent recovery has helped widen the gap again, maintaining a slight but stable upward structure.

Important Milestones

Nearest support: 113,700 USD (EMA50).

Strong support: 108,000 USD (previous accumulation area).

Nearest resistance: 119,000 USD (recent rejection area).

Strong resistance: 124,621 USD (historical peak).

Market Outlook Prediction

On the Myriad prediction platform, most users still lean towards a positive scenario:

- 61% believe that BTC will rise to 125,000 USD before dropping to 105,000 USD.

- 80% believe that BTC will remain above 105,000 USD throughout September.

Conclusion

Bitcoin continues to maintain a positive trend despite a weaker reaction to the Fed's interest rate cut news. The market is in an accumulation phase - waiting for a push. If the Fed continues to cut interest rates this year as proposed, this could be the stimulating factor for BTC to break out of the sideways zone and target new highs.

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