Current assessment: A technical correction following a favorable rally. Although interest rate cuts are a substantial positive, the market preemptively priced in the benefit (yesterday's surge to over 92k), causing short-term profit-taking to flood out after the news was announced. The current pattern has shifted from strong to oscillating and somewhat weak, as it searches for a new support level to build a bottom. $BTC
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Current assessment: A technical correction following a favorable rally. Although interest rate cuts are a substantial positive, the market preemptively priced in the benefit (yesterday's surge to over 92k), causing short-term profit-taking to flood out after the news was announced. The current pattern has shifted from strong to oscillating and somewhat weak, as it searches for a new support level to build a bottom. $BTC