The results of the Federal Reserve's meeting last night can be described as impartial; it neither excited the market excessively nor triggered panic among investors. Chairman Powell's core attitude is very clear: everything is guided by economic data!

Although the internal expectation of The Federal Reserve (FED) is to implement two rate cuts next year, investors' hopes for a rate cut in July have largely faded. The market's focus has now shifted to September, anticipating a possible rate adjustment at that time.

For cryptocurrency investors, especially Bitcoin holders, what signals this meeting has released are worth pondering.

The Federal Reserve's current stance is neutral: it will neither deliberately suppress the market (avoiding unexpected rate hikes) nor will it immediately adopt easing policies to rescue the market (such as significantly cutting interest rates in advance). The overall financial environment is in a relatively neutral state.

It is worth noting that Bitcoin performed well after the meeting, with limited price volatility. The key support range of $93,000 to $98,000 remains solid, indicating that large fund holders and institutional investors have not withdrawn due to the outlook on interest rate policies, and market confidence remains stable.

However, optimism should still be approached with caution. There is a large amount of sell orders in the range of $100,500 to $105,000 (whether from trapped positions or profit-taking), creating short-term resistance. Breaking through this pressure zone in the short term is not an easy task, and investors should be wary of the potential risk of a pullback.

Overall: The Federal Reserve (FED) policy has not had a significant negative impact on the market for the time being, the macro environment is relatively stable, institutional funds remain confident, and the fundamentals of Bitcoin are still robust. However, there is still immense pressure to achieve an immediate upward breakout, especially in the strong resistance area of $100,500 to $105,000.

The subsequent market direction will heavily depend on the performance of economic data, especially employment and inflation indicators, which will affect the possibility and extent of interest rate cuts in September.