Next week, the market will be uniquely influenced by the U.S. Christmas holiday. Starting Thursday, the U.S. will enter holiday mode, with economic data concentrated before Thursday: on Tuesday, the focus will be on the U.S. third-quarter GDP annualized rate and personal consumption expenditures (PCE) along with the core PCE price index, while Wednesday will see initial unemployment claims data. Although such data has a three-star impact, its shock to the market is limited, but the speech of Bank of Japan Governor Ueda on Thursday will become a global focus. The market has already digested expectations of a 25 basis point interest rate hike in Japan last week, and the current core concern is about the subsequent pace and magnitude of interest rate hikes. If Ueda releases hawkish signals, it could trigger significant volatility in the global financial markets, and the crypto and gold sectors might also be affected; if a dovish tone continues, the market may maintain a volatile pattern, with it being difficult to see a substantial rise (the dovish expectations have already been partly reflected on Friday). In the context of the holiday, liquidity contraction may suppress overall volatility, with the only key variable focusing on Ueda's speech, which needs to be closely monitored for its wording.

In addition, geopolitical uncertainties still pose potential disturbances: progress in Russia-Ukraine negotiations, risks of conflict in Venezuela, potential actions by Israel against Iran, and border frictions between Cambodia and Thailand all constitute undercurrents in the market. In summary, the market may continue along the current expected path, with Friday's rebound driven by 'sell the expectation, buy the fact' not breaking through key resistance, and it remains stuck in a range of volatility in the short term.

Technical analysis and strategy suggestions for the crypto sector:

Bitcoin's range volatility continues, with pressure concentrated in the 89500-90500 range, while support levels are noted at 86500-84500. It is recommended to respond with a strategy of high short and low long, employing dynamic stop-loss and strictly controlling position risk.

Ethereum's resistance area of 3000-3150 has not been broken, and the daily level downward risk has not yet been released, with key fluctuations expected at the end of the month. The operational focus should remain on a high short strategy, supplemented by short-term positional long trades. $ETH #比特币流动性