near 118200

Although the Federal Reserve has cut interest rates by 25 basis points, the market had already anticipated this rate cut weeks ago, so in a sense, the positive impact of this cut has mostly been priced in. Therefore, I can clearly feel that the rate cut has not significantly boosted the market! It only slightly lifted the market.

It will likely take 2-3 more consecutive rate cuts before we see a substantial market rally. In the near term, the market is likely to show a spiral upward trend, with a bullish outlook. The target for Bitcoin is around 118200 to the previous high near 120000. There is pressure around 118200, and if it breaks through, it can challenge the previous high above 120000.
#BNB突破1000 #美联储重启降息步伐 #BNBChain生态代币普涨 #美国讨论BTC战略储备 #比特币ETF连续三周资金净流入 $BTC
{spot}(BTCUSDT)
$ETH $SOL
{spot}(SOLUSDT)