The Fed has indeed cut interest rates by 25 basis points, but Bitcoin's performance has been somewhat disappointing. The anticipated breakthroughs at 130,000 and 180,000 haven't materialized, and even 98,000 has become a tough nut to crack. You know, there are many who shout about a bull market and show off high-leverage positions all day long, but those who actually follow through have been liquidated within five days. That's the reality.

However, from a technical perspective, I remain optimistic about BTC continuing upward. If it pulls back to around 90,000, that could be a good area to consider going long, with the target for a rebound first set around 94,000. As for Ethereum, I am currently bearish, as this wave hasn't shown clear signs of loss. The rhythm of the crypto asset market is like this — policy catalysts do not produce immediate results; it still depends on the resonance between fundamentals and market sentiment.