BTC is currently in a weak rebound phase amidst expectations of a rate cut! I had originally expected a decline this week, but BTC unexpectedly rebounded today, which makes me ponder the logic behind this rebound. When Powell's last speech was dovish, BTC quickly surged to around 117,500, demonstrating the market's high expectations for a rate cut. The positive news of the rate cut on the 17th will continue to maintain bullish confidence. However, institutions are currently selling BTC and ETH at rallies in ETFs, and net inflows are low. Therefore, the BTC price likely won't reach 117,500 on the 17th, and downward pressure remains.