The FOMC lowered interest rates by 25 basis points as expected, buying the expectation and selling the fact, and once the favourable information is digested, it becomes a fall. Powell's hawkish speech did not confirm a rate cut in December, directly accelerating the decline of Bit, breaking below the 110,000 and 3,900 levels.

The day after the Federal Reserve's interest rate decision and Powell's speech, both directly hit 2774/176 points, and as promised, after the interest rate cut is in place, we will start to go short.

The technical analysis shows that Bitcoin has fallen significantly to around 10.9, followed by a slight rebound to around 11.18, and then continues to be under pressure and declines further. The recent series of continuous large bearish candlesticks suggests that it may continue to probe lower and break below the 11.9 level. Those holding short positions may consider reducing their positions.

Observers can: continue to hover around 11.15, looking down near 10.8, with posture synchronized. #BTC