The interest rate cut in September was implemented as expected, and the hawkish-style rate cut (risk management rate cut) caused the Bit's posture to dip and then rise, further surging in the morning to challenge the 11.8/4650 level.

After the interest rate cut is confirmed, good news follows one after another, especially as institutions continue to increase their holdings. The increased probability of a rate cut in October is also supporting the stable upward trend in the market.

Among the mainstream, Bitcoin remains steady upward, with a relatively weak posture. At this stage, the two are divided by the 11.5/4500 threshold. Even though I tend to lean towards the latter, I must admit that the short-term dip holds the advantage.

However, the recent market lacks coherence, and there is not much controversy in going long or short. A high position can also gain, and a low position can also gain; the key is your entry point.

Today, the key resistance levels to focus on are 11.8 and 4700. I still lean towards a pullback by the end of the week; today seems unlikely, or it might just be tomorrow, Friday.

The morning's trading should dip when necessary and continue as per individual circumstances. In the evening, the US market continues to rise and dip.

Around 118,000/4670 can be considered for buying, allowing for fluctuations up and down…… #BTC#