#美联储降息展望 The market currently expects a 25 basis point rate cut, while the volatility has already risen to a high of 54%. In terms of price, Bitcoin is consolidating around $113,000, still maintaining above the 7-day trading volume weighted average price of $111,600, overall sustaining a bullish market structure.

It is worth noting that the current market volatility has increased by an astonishing 190%. From a technical analysis perspective, the market is in a stage of energy accumulation before a breakout. However, it is important to emphasize that this accumulation state does not necessarily mean that a bullish trend will occur in the short term. This actually describes a gradual process of energy accumulation that has formed since the previous significant decline, going through a period of fluctuation and adjustment until now. The market may need more time to digest the current information and decide on the next direction.