Has the Fed Decision Been Priced In?
The Fed's 25 basis point cut is now highly likely and widely anticipated. Therefore, I believe most of the pricing impact has already been absorbed. $BTC testing the $94,000 level and $ETH approaching the $3,400 range are the clearest examples of this.
From this point on, the main thing to watch in the market is liquidity cleanup. The $3,300–$3,400 zone, especially on the ETH side, could provoke aggressive short entries; however, a break below $3,400 is a threshold that could liquidate many positions.
My own market reading perspective is as follows:
• Bitcoin below $90,000
• Ethereum below $3,100
has the potential to be retested around December 11.
This assessment prioritizes liquidity management and short-term behavioral pricing over the positive impact of the rate cut. Therefore, I do not believe the rally is yet “clearly confirmed.”
This is entirely my opinion and is not investment advice.
