Traders on Wall Street held their breath. When the Federal Reserve announced a 25 basis point rate cut as expected, the market's initial reaction was textbook: U.S. Treasury yields fell, the dollar weakened, and risk assets rejoiced. However, just an hour later, as Chairman Jerome Powell took the podium for the press conference, everything reversed. The dollar index made a V-shaped rebound, gold plummeted from its historical highs, and U.S. stocks fluctuated—leaving the market in complete confusion.

After the speech, the price of BTC experienced a slight pullback, followed by a steady rise, and it even surged close to the 118,000 mark. Before going to bed, I posted a bullish outlook and had a good return.

From the four-hour chart, there is currently a double top pressure, and a short-term pullback may occur. I actually believe that the pullback is just to push higher. I mentioned earlier that the price would oscillate upwards and gradually recover the downward space. Therefore, I suggest looking for a short position first, then a long position.

You can short around the 118,000-118,200 area, looking to short near 116,000. Wait for a pullback to the 116,000 level, and you can set up a long position there, aiming for a 2,000-3,000 point gain.

Follow the public account, "What can relieve worries? Only Jiang Wei."

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