[Federal Reserve Cuts Interest Rates by 25 Basis Points, Market Turbulence Ensues, BTC May Face Liquidation Risk] On October 30, the Federal Reserve announced a 25 basis point rate cut to 3.75%-4.00% and plans to end balance sheet reduction on December 1. The decision saw two dissenting votes, indicating rising internal disagreements. Federal Reserve Chairman Powell emphasized that the December rate cut is not yet confirmed and pointed out that data gaps increase decision-making risks. As a result, U.S. stocks plunged, the dollar and U.S. Treasury yields rose, and gold dropped by over $40. Bitunix analysts stated that BTC's support range is $109,600–$108,000, and a breach could trigger chain liquidations; the resistance range is $112,300–$116,000. The crypto market may enter a period of consolidation and turbulence due to liquidity reallocation and a stronger dollar. Caution is advised regarding the flow of safe-haven funds driven by macro policy uncertainties.