Financial Research Society ~ December 12, 2025

1. The Crypto Fear Index is temporarily reported at 29, and the market is still in a 'fear' state.

2. Nasdaq-listed company Caliber has disclosed that it has pledged 75,000 LINK and will expand the pledge ratio.

3. The US spot Ethereum ETF saw a net outflow of $42.38 million yesterday.

4. The Zcash development team has released a dynamic fee proposal aimed at addressing the issue of rising costs due to fixed rates during periods of network activity.

Bitcoin has rebounded after touching the lower Bollinger Band in the four-hour level, currently oscillating around the Bollinger channel line at the four-hour level. The rebound continues to focus on the daily lifeline pressure level near 94,000; it is not considered a reversal until it breaks through and stabilizes here, representing a daily-level rebound.

Ethereum's daily-level rebound focuses on the daily pressure level around 3,320 and near 3,400. Ethereum has stood above the lifeline on the daily level, breaking through the Bollinger mid-band, showing strength compared to BTC.

Bitcoin's reference fluctuation range today:

Support levels: around 90,600, around 89,400, around 88,400.

Resistance levels: around 93,200, around 94,000.

Ethereum's reference fluctuation range today:

Support levels: around 3,168, around 3,100, around 3,060.

Resistance levels: around 3,300, around 3,380 #美联储降息 #加密市场反弹 #美联储FOMC会议 1869$BTC $ETH