BTC is now hovering around $93,700. At 4:40 AM Beijing time, the highly anticipated 25 basis point rate cut decision was finally announced. Honestly, it was exactly what everyone guessed.

What’s interesting is that after this positive news was released, the price didn't surge as many expected. Instead, it moved quite steadily—this is a typical "the dust has settled" market. The key resistance level at $94,200 was unable to be broken by the bulls. I had already liquidated my positions for profit before the announcement, and it now seems that was a wise decision. After all, stability comes first; preserving profits is the key.

From the daily chart, the highest reached before this article was written was $93,300, and the lowest dipped to $91,500. The high exactly hit the EMA30 trend line at $93,300. There are several technical points worth noting: the Fibonacci retracement level at 0.618 is at $94,200, which is very critical; MACD continues to expand upward, with the DIF and DEA lines moving together upward, approaching the zero axis; the upper Bollinger Band at $94,650 acts as resistance, while the middle band at $89,700 provides support.

Overall, the strategy today is to short on rallies at high levels. After a pullback and stabilization at support levels below, consider going long if conditions are favorable.

Switching to the 4-hour chart, it shows a standard flag pattern of consolidation. After bouncing off the $91,500 support level, the price sharply rose to the first target at $93,500. The EMA lines are alternating and expanding upward, indicating that the bullish trend is continuing. However, caution is advised regarding the MACD divergence signal—short-term upward momentum may weaken. The Bollinger Bands show resistance at the upper band at $93,800 and support at the middle band at $91,400.

Overall, the market is oscillating within an upward trend channel. Today is more suitable for swing trading, focusing on buying low and selling high.