Interest rates cut by 25 basis points, how should we view the subsequent trend?

At 2:00 AM, the Federal Reserve announced a rate cut, reducing the rate from 4.5 to 4.25, which aligns with the expected drop of 25 basis points. Therefore, when the rate cut was implemented last night, there was actually not much fluctuation in the market. Last night, I was also watching the market with everyone, and in the few minutes before the cut, it was still routine trading with some ups and downs, so stop fantasizing about going in heavily in front of the news with a 50% chance of winning; dispel that thought! Currently, the market is betting on whether there will be two more rate cuts this year, each by 25 basis points. The dot plot shows that out of 19 officials, 9 expect two more rate cuts in 2025, two expect one cut, and six do not expect any further cuts. Additionally, one official believes there is no need for any cuts this year, and another believes there should be a significant cut to 2.75-3%. The market is still hanging on to the two upcoming rate cuts, so it may continue to rise slowly, but once negative news appears, it will quickly magnify the adverse effects!
Returning to Bitcoin, it dropped to the bottom of the fluctuation around 114700 last night, and today it successfully broke through the top of the fluctuation box around 116700. After the breakout, go long on the right side, and set a stop loss if it falls back. After reaching a high of around 117800, it retraced to 116700 and continued to rise. This structure is traceable; it doesn't come out of nowhere. ( See the chart below ) for the current market of Bitcoin, both long and short positions can be taken. The resistance above is around 117800 and 119300, while the support below is around 116700, 116000, and 114700.
Ethereum has pulled back to the 4420 level twice, and both times received strong rebounds, indicating that this level of support is valid. If it returns to this level again, it is still worth betting on long positions. The resistance above Ethereum is around 4670 and 4765, while the support below is around 4550, 4490, and 4420. The key line for long and short positions today is 4550, and as long as it stays above 4550, the bullish strength is relatively strong.
#美联储降息25个基点