The analysis begins with a daily timeframe examination of Bitcoin, acknowledging the Federal Reserve's interest rate decrease of 25 basis points, which was widely anticipated. The market's reaction to this news was minimal. The analyst recommends caution in overemphasizing microstructures, especially on days influenced by Federal Reserve announcements due to short-term volatility. Support levels are holding, and there are no significant signs of a top. The analysis notes a small rejection at the 61.8% retracement level, specifically $117,450. Overall, the price action appears to respect these levels, and the analysis suggests a consolidation phase without breaking below any critical levels.