Odaily Planet Daily News Kripto Para research institution EMC Labs' latest report suggests that after the US Federal Reserve reduced interest rates by 50 basis points, the market reacted overall steadily, and BTC (BTC) may be entering the second half of the Boğa Market. The report shows that in the first week after the US interest rate cut on September 18th, BTC pumped 7.54% throughout the week, closing at $63,577.66 with slightly increased trading volume. The BTC daily candlestick chart has broken through multiple moving averages, showing that the market is overcoming differences and forming a trend. In the short term, BTC has already stood above the 200-day moving average, but still needs to break through the downtrend line. The $64,000-$66,000 range is an important point to determine whether the market can break through the previous high. In terms of fund flows, ETF and Stablecoin had a net inflow of $931 million this week, which decreased from the previous week but still maintained a positive inflow. Supply analysis shows that there is a phenomenon of long-to-short in the market, with long-term investors beginning to slightly reduce their holdings and short-term investors increasing their holdings, which is in line with the characteristics of the early stage of the Boğa Market. The EMC BTC Cycle Metrics indicator is 0.25, and the Boğa Market signal needs further activation.