12.8
December 11
The Federal Reserve will announce the latest interest rate decision and economic forecast summary;
BTC
The sentiment these days is relatively stable, at least it hasn't collapsed during the lowest liquidity period. What investors are most concerned about right now is the Federal Reserve's monetary policy on December 11. A rate cut in December is highly probable, and even Powell cannot prevent it, but the dot plot and Powell's speech remain concerning. The current market is not much different from last week, and there is no negative data; the expectation is still that the Federal Reserve will cut rates in December. However, the main reason for the market's downward adjustment is that the expectations for various data are not good, and the economy may decline. From a technical perspective, Bitcoin has formed a short-term bottom on the daily chart, which we have been emphasizing to pay attention to. The short-term market has been oscillating to the right, and currently, this position on the daily level is not finished yet. Pay close attention to whether it can stabilize at 94,000; if it cannot stabilize, it will continue to oscillate around 89,000 to 94,000. If it can stabilize, it will see a rise, but the strength will not be very strong, oscillating around 97,000 to 98,000. However, after this upward movement, it will still see a downward movement. Therefore, in summary, the day will still mainly consist of oscillation and upward oscillation, with support at 89,000-86,800 and resistance at 94,000-97,200.
ETH
The approach for Ethereum is similar to Bitcoin; it is currently repairing the daily chart. At this position, it faces the supply zone below and resistance above. It will oscillate between 2,815 and 3,217. In summary, as long as the four-hour mark of 3,000 is not broken, it will likely oscillate upward. Similarly, the strength after the upward oscillation will not be very strong, and it will see a downward movement, with support at 3,000-2,820 and resistance at 3,215-3,325.
SOL
For Solana, this position between 127 and 112 should be noted; I personally believe there will be a rebound at this position. At the same time, attention should also be paid to the top two.
