The financial market has recently welcomed significant news, with expectations for a Federal Reserve interest rate cut rising sharply. The latest remarks from San Francisco Fed President Mary Daly have drawn widespread attention as she pointed out signs of weakness in the U.S. labor market, while inflationary pressures have eased. These factors have created conditions for a rate cut in the near future. Daly emphasized that the Fed will closely monitor economic data, and if the labor market weakens further, the rate cut this year may exceed previous expectations.

Currently, the market generally believes that there is a very high possibility of a 25 basis point interest rate cut in September, with a probability reaching 94.4%. However, the final decision still depends on the upcoming employment report and inflation data. If employment continues to be weak and inflation gradually approaches the 2% target, the Federal Reserve may consider making three rate cuts within the year.

Meanwhile, the cryptocurrency market has also shown new trends. The price of Bitcoin has shown signs of rebound, starting to rise from the support level of $112,000. Currently, Bitcoin has broken through the resistance levels of $113,500 and $114,200, and has risen above the 100-hour simple moving average, indicating a positive short-term trend.

Technical analysis indicates that Bitcoin's next key resistance level is at $115,500, which corresponds to the 50% Fibonacci retracement level of the previous downtrend. If this level is successfully breached, Bitcoin is expected to rise further to $116,800, and may even challenge highs of $118,500 or $120,500. However, if it fails to break through the $115,500 resistance, Bitcoin may experience a pullback.

Overall, the direction of the Federal Reserve's monetary policy and the price trend of Bitcoin are at a critical moment. Investors need to closely monitor subsequent developments and cautiously assess potential risks and opportunities.