#美国证券交易委员会推进数字资产监管框架创新 🔄 The interest rate cut window opens, pushing crypto market sentiment to the limit

The Federal Reserve decision is imminent, and the market has already reacted in advance. Bitcoin surged from $92,000 in the early hours to $94,500, a rise of over 4%. Ethereum also kept pace, approaching $3,400, and some small to mid-cap coins are dancing along — this is a typical anticipatory trading pattern.

CME FedWatch data is clear: the probability of a 25 basis point rate cut tonight is as high as 87%. Market sentiment has fully priced in the "liquidity release" hypothesis. Some analysts even believe the easing space could be larger, and this expectation has directly boosted risk appetite.

However, there are some details worth considering in this rally:

Bitcoin is facing resistance at the $94,000 level and is currently oscillating around $92,000. Technically, the RSI has fallen from overbought territory, indicating a short-term correction is needed. Another key point is — this rebound is driven by spot buying rather than leverage manipulation, providing real support.

Tonight's 3 AM speech will be a turning point. If dovish tones and the expectation of continuous rate cuts are confirmed, BTC could attempt to break $96,000; but if the stance turns hawkish, caution around the $90,000 level is necessary. Recent liquidation data cannot be ignored — 110,000 traders were liquidated, with losses of $3 billion. This reminds us that no matter how hot the market gets, risk management should never be forgotten.

In short, in the face of abundant liquidity, only calm participants will reap the rewards, while the story of bagholders remains the same.