Why did it drop instead of rising after the interest rate cut?

Reason 1📢: The risk market is prophetic; the market will price in good news in advance. Unless there are additional favorable circumstances when the good news occurs, it is unlikely to trigger a significant market movement; otherwise, it is a time for profit-taking.

Reason 2📢: Although Powell did not amplify his hawkish stance, the dot plot indicates that there will only be one rate cut next year, which is below market expectations, leading to a market decline📉. The market pricing is complex, and macro factors have a huge impact on the cryptocurrency market. Everyone should manage their positions well and wait for the day when the clouds part and the sun shines🫡. Let's open a small position and witness together $BTC $ETH $BNB

BNBUSDT

Perp

890.72

-0.76%

BTCUSDT

Perp

89,790.1

-0.33%