Tonight's BTC/ETH Price Forecast: "Holding Firm and Rebounding" Before the Fed Meeting, 90K Becomes a Key Battleground

Brothers, in the early hours of December 9th, global markets were sharpening their knives in anticipation of the Fed meeting (December 11th). US stocks saw a slight decline last night (S&P -0.35% to 6846, Dow -0.5% to 42000, Nasdaq -0.14%), the USD/DXY held above 99.01 with a slight increase of 0.02%, and the yen appreciated to 150.2, squeezing out arbitrageurs. However, overall liquidity recovery (QT ending + 85% probability of interest rate cut) has ignited risk appetite. The total market capitalization of the crypto market is 2.97 trillion, up 1.15% in 24 hours, with a trading volume of 150 billion (+15%). Fear & Greed has returned to 25—not a bull market frenzy, but a clear signal of "bottoming out after a cleansing."

Current Prices (US Eastern Time, After-Hours):

BTC: $90,500 (-1.50%, Support 90K/Resistance 95K)

ETH: $3,100 (-0.72%, Support 2,900/Resistance 3,100)

Global Market Background: Dovish Expectations Dominate, Funds Rotate to Crypto

US Stock Market Defensiveness: Nasdaq tech stocks dipped slightly by 0.14%, but Vanguard launched a BTC/ETH ETF, institutions added 1.2 million ETH, and whales held 47K BTC in self-custodied assets—selling pressure has subsided (LTH supply bottom).

Forex Divergence: DXY stable at 99.01, Euro at 1.0825 +0.3% (ECB rate cut expectation), Yen at 150.2 +0.5% (BOJ rate hike 50% probability) may see a 5% fluctuation, but the Fed's injection of 6.6 trillion dollars weakens the dollar, benefiting "digital gold".

Commodity correlation: Silver prices reached $58.5, up 80% year-to-date, testing liquidity; mutual funds saw an outflow of $2.3 billion, but ETFs reversed course with an inflow of $176 million, indicating funds overflowing from bonds to crypto.

News catalyst: Ripple XRP ETF broke 1 billion AuM; the SEC chairman called BTC a "cornerstone of finance"; however, the aftermath of the Upbit hack and the crackdown on Chinese stablecoins put short-term pressure on FUD (Funds Uncertainty).