#比特币价格走势 Analyzing Bitcoin's recent price movements, I’ve noticed some interesting signals. Currently, after experiencing an approximate 30% pullback, BTC is showing preliminary signs of stabilization. The Fed’s dovish comments have pushed up expectations for a December rate cut to 75%, which could inject some liquidity into the market.

From an on-chain perspective, the derivatives market indicates that investors remain optimistic about an upward move. Year-end call option open interest is higher than put options, mainly concentrated in the 85K to 200K range. Meanwhile, negative funding rates suggest leveraged longs have been flushed out, reducing short-term downside risks.

However, in the coming days, attention should be paid to factors such as US retail data, core PCE, and ETF fund flows. On the technical side, BTC has broken through the moving average pressure since the downturn and is currently operating within an ascending channel. The 86,000–85,200 range may present potential buy-on-dip opportunities.

Overall, while signs of stabilization have emerged, the rebound remains weak. It’s recommended to closely monitor the price action within the 85,000–89,000 range and the impact of US macro data on market sentiment. If current support can be maintained and resistance broken, a stronger accelerated rebound could follow.