The Federal Reserve interest rate decision is imminent, but the crypto market has already entered a frenzy.

Before Wednesday's policy announcement, the market widely betting on a 25 basis point rate cut. This expectation is like injecting adrenaline into risk assets — Bitcoin is currently priced at $92,300, up 2.3% in 24 hours; Ethereum is even more aggressive, surging 7% in a single day to $3,318.45, completely outpacing Bitcoin.

A rate cut should be bullish. But the problem is, such heavyweight policies often come with extreme volatility.

Many veterans are already calculating another scenario: when the actual decision is announced, profit-taking may flood out instantly. After all, the script of "good news is bad news" has played out countless times in the crypto circle. Those who buy high might be caught at the top, unable to move for a long time holding their high-priced tokens. Heavy losses are no exaggeration.

From a technical perspective, BTC has been oscillating within the $88,000 to $94,500 range over the past week. These two key levels act like a ceiling and a floor—once effectively broken, the subsequent direction will be pretty clear.

Now, it's a matter of whether it breaks upward or downward. The market is waiting for an answer.