The Bitcoin market experienced some fluctuations today. Early in the morning, the Bitcoin price saw a significant fall, followed by a slow recovery during the European trading session. After the opening of the US stock market, the Bitcoin price rose slightly along with the stock market, but then fell again, showing an overall weak recovery trend after the big dump in the early session.

Currently, the market's focus is on the upcoming Federal Reserve interest rate decision and the speech by Fed Chairman Powell. Although rate cuts have become a market consensus, their impact on Bit price remains uncertain. Regardless of rises or falls, the magnitude is expected to be not too large. The key lies in whether Powell's speech leans towards hawkish or dovish.

If the Federal Reserve's stance aligns with market expectations and provides clearer dovish signals regarding the end of quantitative easing, Bitcoin may see an increase. Conversely, if Powell avoids the topic of interest rate cuts in December or offers a hawkish interpretation, the price of Bitcoin may continue to face downward pressure.

In the long term, if a rate cut in December becomes a reality, or another cut in 2026 occurs, Bitcoin is expected to experience a significant rise. However, if inflation rebounds or the labor market tightens again, leading to reduced market expectations for rate cuts, Bitcoin may face a significant fall.

Considering the continuous government shutdown in the United States and the delay in the release of multiple economic data, the market reaction may first rise and then fall. Investors may consider placing buy orders within the Bitcoin price range of $11,000 to $11,080, and set appropriate stop-loss orders. At the same time, sell orders can be placed in the range of $11,450 to $11,500, choosing aggressive or conservative strategies based on personal risk tolerance.

In this market environment full of uncertainty, investors should remain vigilant, closely monitor the Federal Reserve's decisions and the subsequent market reactions, and adjust their trading strategies in a timely manner.