In the early hours of today, the Fed announced a 25 basis point rate cut as expected, triggering severe fluctuations in the crypto assets market. The Bitcoin price experienced a sharp drop of nearly 3000 points in a short period of time, and although there was a rebound afterward, it failed to hold above 111500 USD. Currently, the Bitcoin price has fallen back to around 110500 USD.

From a technical perspective, the market shows a bearish trend. The key moving average EMA21 has crossed below EMA55 and EMA144, forming a bearish arrangement, with prices being suppressed by the moving average system. The RSI indicators across all time frames are in a weak zone, indicating insufficient buying momentum. At the same time, trading volume has significantly shrunk, with current trading volume far below the 5-day and 10-day average levels, and the rebound lacks strong support.

The price of Bitcoin is currently fluctuating between $111,000 and $112,000, with an important resistance zone at $113,000 to $114,000 above. If it cannot effectively break through the pressure area of $112,500 to $113,000, the market may further dip to $110,000, or even seek support in the oversold area around $109,000.

On the Ethereum side, it also faces similar technical pressures. Market participants should closely monitor the changes in these key price levels and manage risks accordingly. In the current market environment, investors need to remain cautious and pay attention to the potential impact of macroeconomic policy changes on the Crypto Assets market.