👌The Federal Reserve's expected rate cut of 25bp on December 10, but the tone is cautious, and there is no commitment to future easing, the market reaction is relatively calm. It feels like this rate cut is more about stabilizing sentiment, with limited driving force; prices should continue to fluctuate within the range of 91k–94k.
$BTC December 10th trend analysis - UTC 22:58, about an hour and a half before the closing time: 👇
🤑 BTC is currently around 92.3k, rebounding from the lower Bollinger band (84.8k) to between the middle and upper bands on the daily line, standing above the 7-day EMA (91.3k) but still pressed near the 25-day EMA (92.4k). The MACD has a golden cross below the zero axis, and the RSI is about 49, not yet a complete reversal. The daily moving averages are still in a bearish arrangement; although the MACD has had a golden cross, it is still overall below the zero axis, and a large volume bearish candle could end this rebound.
👀 Short-term focus: First look at the upper 1-hour Bollinger upper band at 93k, as well as the daily Bollinger upper band pressure around 94.6k. On the downside, pay attention to the convergence area of the 1-hour MA200 + daily 7EMA at 91.3k–91.8k; breaking below here could easily push the price back down to the daily Bollinger middle band near 89.7k.
Note: The cryptocurrency market is highly volatile, and predictions are not guaranteed to be accurate. The above analysis is for reference only and does not constitute investment advice.
