This week has seen developments that could influence Bitcoin's short- and medium-term outlook. The Fed's 25 basis point rate cut provides a backdrop that could support risk appetite, while the Bank of Japan's 25 basis point rate hike raises the cost of yen funding, creating a balance that could also impact risk markets. On the Fed side, the rate cut initially reinforces expectations of "easier financial conditions," potentially giving risk assets like stocks and cryptocurrencies some breathing room. However, for the market to turn this support into a sustained trend, inflation must continue to approach the target, and the softening in growth/employment must remain controlled. Otherwise, the "early easing" pricing could reverse in the next data set.