#币安HODLer空投BARD# Interest Rate cut event has passed 36 hours, and the crypto assets market has remained relatively stable. Aside from the brief dip during the Fed chairman's speech, the overall trend still leans towards rise, but the upward momentum is limited, with multiple attempts to break through the 1178 point level failing. There is still a certain gap to the previous high formed after the drop to 124K.

From the market structure analysis, there are currently two possible development paths:

Path 1: The bottom continues to rise. If it successfully breaks through 1178 and stabilizes above 1185, the market may challenge the 120,000 integer level again and launch an attack on the previous high.

Path 2: Entering a long-term horizontal consolidation phase similar to gold from April to August 2023. Referencing Bitcoin's price behavior from March to September this year, it may repeatedly test the previous high of 124K, and even attempt to reach the upper limits of the 129K and 132K range, forming a wide-ranging high-level fluctuation. In this scenario, although the US stock market continues to set new highs, it lacks effective pullbacks. If the US stock market encounters resistance, Bitcoin may see a decline first.

The short-term technical indicators show that the EMA20 moving average on the 4-hour chart has not been broken, and the bullish structure remains intact, with upward momentum still present. However, the current market exhibits typical consolidation characteristics: profits in the correct direction are limited, while there are still short-term correction opportunities in the wrong direction; the real risk lies in the market returning to a clear trend. If the direction is judged incorrectly and timely stop-loss measures are not taken, the costs incurred will far exceed the trial-and-error costs in the current consolidation environment.

Comprehensive judgment indicates that the overall market direction still leans towards a bullish trend, but the pace is relatively slow, currently in a "patience consumption battle." It is advised not to rush for significant breakthroughs in operations, but to pay more attention to grasping the market rhythm, acting in accordance with the trend, and being particularly vigilant about potential directional risks that may arise when the future trend accelerates.