The interest rate cut at 36,389,549,653 reached expectations early this morning. However, Bitcoin did not rise; instead, it continued to decline. This is something everyone anticipated, indicating that the news had already been priced in.

A few days ago, it was mentioned that for Bitcoin to sustain this rise, it needs to stay above 110,000; otherwise, there will be a pullback, and it could even plunge significantly.

From the daily chart, we can see that Bitcoin rebounded after its previous three pullbacks. So, will it be able to rebound effectively upon returning to the 100,000 mark this time? Personally, I feel that this time it is more likely to test below 100,000. Friends who are going long should be cautious!

Investment carries risks; do not be too greedy!

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