12.8

December 11
The Federal Reserve will announce its latest interest rate decision and Summary of Economic Projections.

BTC
Market sentiment has been relatively stable these past few days; at least there hasn't been a crash during the lowest liquidity period. Currently, investors are most concerned about the Fed's monetary policy on December 11. A rate cut in December is highly probable, and even Powell may not be able to stop it. However, the dot plot and Powell's speech remain points of concern. The market is not much different from last week, and there is no negative data; the expectation is still that the Fed will cut rates in December. The main reason for the market pullback is that expectations for various data are not very optimistic, and the economy may decline. From a technical perspective, BTC has formed a short-term bottom on the daily chart. This is something we've been emphasizing: pay attention to the formation of a short-term bottom. In the short term, the market continues to fluctuate to the right at this level. The daily chart pattern is not yet complete. Pay particular attention to whether the 94,000 level can be held. If it cannot hold, it will continue to fluctuate between 89,000 and 94,000. If it can hold, there will be an upward move, but the strength won't be significant, likely fluctuating between 97,000 and 98,000. After this upward move, there will still be another downward leg. In summary, expect further intraday volatility and some upward movement. Support: 89,000-86,800; Resistance: 94,000-97,200.

ETH
Ethereum's outlook is similar to BTC. It is currently correcting on the daily chart, facing a supply zone below and resistance above, and will likely fluctuate between 2,815 and 3,217. In summary, as long as the 4-hour 3,000 level isn't broken, it's likely to move upward with some volatility. Again, the strength of the upward move won't be significant and will be followed by a downward move. Support: 3,000-2,820; Resistance: 3,215-3,325.

SOL
For Solana, pay attention to the 127 to 112 range. Personally, I think there will be a rebound at this level, but also keep an eye on BTC and ETH.