Last night's market was truly an art of the manipulators. BTC directly spiked to 877
Then came an astonishing V-reversal, oscillating up and down, completely clearing both long and short positions!
The market has fully priced in a 25 basis point rate cut in December, so there won't be too many surprises.
Now the market focus has shifted to the rate cut path in 2026!
If the Federal Reserve's expectations for the number of rate cuts in 2026 are unclear
or at least 3 times below market expectations, that would be bearish, and the market may face significant fluctuations!
Currently, the probability of this situation occurring is not small, so brothers must be prepared defensively!
Key intraday BTC level: the dividing line between long and short at 90000!
Long position support: 90000
Now 90000 is the lifeline for bulls; as long as the four-hour closing does not fall below 90000, the market continues to look for rebounds and upward momentum.
Support below: 87600-86300
If the four-hour closing falls below 90000 again
then short-term long positions must exit decisively! The bullish pattern will be completely invalidated.
The market will turn bearish, with target support at 87600 and 86300, and operations must be flexible to respond!
Currently, bulls have stabilized at 90000.
If the rebound continues to gain strength, resistance is at 93000 and 94000; if broken, there may even be an opportunity for 96000!
But brothers, don’t be greedy near the resistance level; those who are cautious can gradually reduce positions to lock in profits; winning is the hard truth!
Recent trades have been quite good; yesterday's Ethereum and Bitcoin rebounds have also been captured.
All have caught the comments following along.
See you in the next trade layout chatroom; let's not miss each other!
