The Federal Reserve's old Powell meeting has concluded, Wall Street is shouting "Merry Christmas"

Old Trump commented that he was not very satisfied with the rate cut, believing that the cut should have doubled to 50 basis points. Was this statement useful?
The overall market tone after the Federal Reserve meeting is "cautiously optimistic"

The so-called 25 basis point rate cut by the Fed, decided at the FOMC meeting ending with a 25 basis point decrease to 3.5%-3.75%, with the same voting result (9:3). It is well known that the Fed approved the third rate cut this year, and the pace of future cuts is expected to slow down, with only one rate cut next year.

To put it simply, the Fed's rate cut again is just in line with expectations. The securities market is pushing for more and faster rate cuts, so the stimulus to US stocks is still quite restrained.
The rate cut announced at 3 a.m. was entirely in line with expectations. The positive news that the market could have anticipated in advance does not count as real good news, it’s not just a normal upward movement in sync with the Fed. The ironclad law is (good news is just for show).

After the meeting, back to the charts, BTC still couldn't break through the 95,000 resistance zone. A small rebound driven by minor positive news is normal. Given the heated market sentiment, it ultimately broke below yesterday’s starting point of 92,000, with a low probe below the 90,000 threshold.

In the early morning live stream, Bitcoin at 93,600 was directly dumped; after the US stock market closed, the daily line retreated to 89,300. Ethereum also hovered around 3430-3440. The live room indicated that a small retracement breaking below 3330 could directly target 3200. Trading is about going with the flow and waiting for the trend! #美联储降息预测 $BTC $ETH