[Analyst: Bitcoin May Test the $120,000 Level] Bitbank analyst Yuya Hasegawa stated that after the Federal Reserve's rate cut, market risk appetite has increased, and improved technical sentiment may help Bitcoin test the $120,000 level. If this level is breached, the market may see a full correction. Traders are expected to take a week to digest the impact of the rate cut and will focus on changes in inflation and interest rates. Prediction market data shows that 72% of users expect the Federal Reserve to cut rates by another 25 basis points in October.