Bitunix Analyst: Rate Cut Did Not Define Rate Path, Volatility Intensified; BTC Liquidation Zone May Trigger Price Amplification

September 18th: The Federal Reserve declared a 25-basis-point rate cut. Powell pointed out that there are inflation risks and employment pressures. Market expectations regarding future rate cuts are diverse. Investors are once again focusing on data-driven patterns. In the short term, attention is focused on initial jobless claims. The ambiguous interest rate path has led to the fluctuation and differentiation of US stocks. Bond yields and the US dollar have simultaneously risen. Market sentiment is in a state of contradiction: lower borrowing costs are favorable to risk assets, but a weak labor market and inflation concerns suppress risk appetite. In the crypto market, the BTC spot price is approximately $117,300. The short-term support levels are around $115,500 and $113,800. A cluster of liquidation orders is concentrated in the range of $118,800 to $119,000. A breakthrough in this range could trigger a short squeeze and test $120,700. If it falls below $112,000, a cascading liquidation chain reaction may amplify the decline. Bitunix analysts suggest that the Federal Reserve's dovish policy shift without clear guidance has increased market volatility. For the crypto market, the period around data releases will be a key moment when leverage liquidation is amplified. In the short term, be cautious about the fragile zone below $112,000 and see if a breakout above $119,000 can lead to a trend acceleration.