After waking up, BTC is still around 90K, and I added a position. This market is very sluggish, which long-term players have gotten used to. Holding at 89500 and continuing to rise, you can actually do high selling and low buying during this period, which is quite enjoyable. The micro strategy during the day says they bought 10,000 bitcoins, with a cost price around 90600, which is a good support. Recently, ETH has also been continuously bought by bitmine, and tomlee can only grit his teeth and buy to lower the average price. ETH should have a good rebound in December.

By the way, I changed my name today: Afo - Financial Guide. At this stage, calling myself K-line Strategy seems a bit silly; others will think I'm just a line drawer. I've mentioned many times before that K-line is just a tool 🛠️. Many people treat trivial matters as if they were commands.

Trading cycles and patterns come first, position management second, and entry points third. Remember these three points and don't mix them up. In an erroneous cycle, support or resistance levels are ineffective. For the next period, are you looking at bears 🐻 or bulls?

The upcoming market is no longer dependent on the interest rate cut itself. Because the probability of the Federal Reserve cutting rates has approached 90%, the market has expectations. Focus on three things: first, the quarterly updated dot plot, whether the neutral interest rate will be adjusted up or down; second, how Powell will describe the future rate-cutting path, whether it will be hawkish or dovish, and how he will explain the differences among ticket holders.

The third and most important thing is whether the Federal Reserve will signal the release of QE-style easing. Since December, the Federal Reserve has stopped shrinking its balance sheet but has not started expanding it. If the expectation of initiating quantitative easing is released, it would be a significant benefit for crypto assets.

Looking ahead, the biggest volatility point is not this week's interest rate meeting. But on December 16 and December 19, the U.S. November