Although the Federal Reserve has cut interest rates by 25 basis points, Powell's stance remains hawkish, so the market's upward trend won't be smooth sailing! This could even be a reflection of the negative impact of the "buy expectations, sell the facts" statement from this afternoon. In the short term, BTC is likely to pull back, testing the support level of $113,500-115,000. If it breaks below, it could drop to $110,000. However, the implementation of the interest rate cut is ultimately a significant long-term positive, and the long-term outlook is optimistic.