Recently, the cryptocurrency market has experienced significant fluctuations. Influenced by the adjustments in the Federal Reserve's monetary policy, the price of Bitcoin has shown notable ups and downs. After the announced interest rate cut did not meet market expectations, the price of Bitcoin sharply dropped from $118,000 to around $115,700. However, bulls subsequently launched a counterattack, pushing the price to around $118,400, and it is currently exhibiting a volatile trend.

From a technical analysis perspective, although the price of Bitcoin has shown a continuous upward trend in the short term, it has not yet broken through the key resistance level, which means the overall trend has not completely reversed. At the same time, the MACD indicator shows a downward death cross trend, indicating that bullish strength may be weakening. Considering these factors, investors may need to maintain a cautious attitude.

For traders inclined towards short-selling strategies, now might be a time worth paying attention to. When the price of Bitcoin is in the range of $118,500 to $118,800, there may be short-selling opportunities. If this strategy is successful, the price could fall back to the range of $117,200 to $117,400.

However, it is important to emphasize that the inherent high volatility and uncertainty of the cryptocurrency market require investors to remain vigilant at all times and to manage risks effectively. Regardless of the trading strategy employed, decisions should be made in conjunction with personal risk tolerance and in-depth market analysis. In addition, closely monitoring changes in global economic policies and dynamics within the cryptocurrency industry is also crucial, as these factors can have a significant impact on market trends.