Bitcoin suddenly surged violently, is the bull market back? What are the reasons behind this wave of increase, and can it continue to rise? Don't worry, let's take it step by step!

First of all, the biggest driving force behind this round of market is undoubtedly the strong expectation of the Federal Reserve's interest rate cut! Currently, the market almost 100% believes that the Federal Reserve will start cutting rates on December 10. Historical experience tells us that the liquidity expectations in the market tend to shift to easing before an interest rate cut, and assets like Bitcoin often strengthen first. Therefore, before the actual interest rate cut takes place, Bitcoin is likely to maintain a strong upward fluctuation! $BTC $ETH $AT

Now the most critical position has arrived — Bitcoin (BTC) is testing the key resistance area of 96,000 to 97,000 USD. Once it effectively breaks through, the upward space may completely open up! Meanwhile, Ethereum (ETH) currently faces resistance near 3,150 USD, and many are watching this position, itching to act...

However, it is important to note that both BTC and ETH have indeed accumulated a considerable increase in the short term, and a pullback is completely a normal phenomenon. Don't blindly chase after a rise, and don’t rush to “top-tick” short when you see fluctuations. What is most needed now is patience, waiting for a clear structure.

Speaking of Ethereum, recently various “good news” are flying around in the market, and some even shout out targets of 10,000 and 20,000 USD. I believe it, but not now! Remember one thing: good news turned into bad news. When everyone starts to FOMO, it is often the moment when risks accumulate.

So, when is a good time to position for medium to long-term short orders? Here’s the key: on the eve of the interest rate cut, as long as one of the following two conditions is met, you can consider taking action:

1. Bitcoin shows a clear sign of stagnation after strongly breaking through 96,000;

2. Ethereum is unable to stabilize after surging to 3,150 and shows a reversal candlestick.

Why say this? Because according to current information, the Federal Reserve does not plan to cut rates consecutively in January, which means that after the rate cut, the market may face a “sell the news” situation. We can completely replicate the classic trend of the Federal Reserve's operation on October 30 — positioning for short orders at the peak of sentiment, then holding patiently to reap long-term profits!

Market trends always end in madness and are born in despair. Now, will you choose to chase the high, or wait for that key point that belongs to you?

How do you think this round of market will ultimately conclude?