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Wall Street traders held their breath. When the Federal Reserve announced a 25 basis point rate cut as expected, the market's initial reaction was textbook: U.S. Treasury yields fell, the dollar weakened, and risk assets were jubilant. However, just an hour later, as Chairman Jerome Powell took the podium at the press conference, everything reversed. The dollar index rebounded in a V-shape, gold plummeted from its historical high, and U.S. stocks were mixed—markets were left in complete confusion.

After the speech, the Btc price experienced a slight pullback, then continued to rise slowly, even surging towards the 118,000 level. Before going to sleep, I mentioned my bullish outlook, and it paid off well.

From the four-hour chart, there is now a double top pressure, and a short-term pullback may occur. In fact, I believe the pullback is just to push higher. Earlier, I mentioned that the price would oscillate upwards and gradually recover the space lost in the decline. Therefore, I suggest looking bearish first, then bullish.

You can short around the 118,000-118,200 area, looking to short near 116,000, #BTC☀