On December 23, is BTC.ETH preparing to make a big move?

Federal Reserve Governor Stephen Milan recently made it clear that if the Federal Reserve does not continue to lower interest rates next year, the beautiful economy may face recession risks. This governor, who took office in September 2024, has been advocating for significant rate cuts since taking office, but with recent policy adjustments in place, the necessity of his previous call for a 50 basis point cut has clearly diminished. Several regional Federal Reserve presidents remain vigilant about inflation issues—currently, the beautiful inflation rate is still nearly 1 percentage point higher than the 2% target, while the continuously rising unemployment rate exacerbates market concerns about a weak job market.

Yesterday's market rise followed by a correction was also anticipated, and in the early morning, it corrected to around 88 before entering long positions, which are still being held. In the morning Asian session, it peaked at around 89000, and has currently slightly retreated to around 87100 with an average cost price at around 87600. Consider reducing positions during the rebound.

BTC is currently in a low volatility range oscillation state, with prices running between 85000 (strong support) and 8862 (strong resistance). The technical analysis shows that the candlestick pattern has formed a bullish engulfing pattern, indicating the potential for a reversal upward.

BTC trading suggestion: Long at 864-867, target 88000, break to look at 887-896.

ETH trading suggestion: Long at 2915-2935, target 2990, break to look at 3030-3065$BTC #加密市场观察 .