From the daily chart perspective, Bitcoin's candlestick shows a V-shaped bottom rebound, with two consecutive bullish candles. It has successfully broken through the bull-bear dividing line and re-entered the upward channel. This round of correction is basically over, and the market is about to reverse. Next, Bitcoin will continue to challenge the 118,000 or even 120,000 mark. $BTC Market update: Tonight, the Federal Reserve is expected to cut interest rates by at least 25 basis points, creating a favorable environment for Bitcoin's rise.