The Federal Reserve ultimately announced a 50-basis-point rate cut, exceeding market expectations, but the magnitude is not too large (the market's expectation for a 50-basis-point rate cut has already exceeded 50%). It is worth noting that this is the first time since 2005 that a Federal Reserve member has opposed the rate cut. Considering Powell's subsequent remarks, this rate cut is likely a forward-looking measure to prevent an economic recession. Looking at the dot plot, the Federal Reserve will continue to cut rates in the future, but the magnitude will be less than this time, with the expected subsequent rate cuts around 25 basis points. Although some experts predict that the rate cut may lead to a stock market crash, this scenario is unlikely to occur, and the probability of the US economy achieving a soft landing is relatively high. As for the BTC trend, as the uncertain factors are gradually eliminated, the inflow of funds into risky assets is almost a foregone conclusion, which is positive for BTC in the long run. I remain firmly optimistic about the future of the crypto market, and a new bull market is about to arrive.