Closed

Recently, the volatility of BTC has been greatly affected by the macro economy, especially the policy dynamics of the Federal Reserve have had an important impact on market sentiment. According to the forecast in the latest FOMC meeting minutes, the Federal Reserve may cut interest rates by 25 basis points again in December. The market is particularly concerned about the future policy direction. At the same time, BTC has rebounded between important support and pressure levels, and there is still room for long and short games in the short term. Pay attention to PCE data in the evening-the inflation indicator of the Federal Reserve. If it is too hot or too cold, the market will be nervous. If the expectation of interest rate cuts is changed, BTC may respond.

Highlights of the FOMC meeting minutes yesterday:
Tend to gradually cut interest rates and be cautious about policy easing. Some members advocate maintaining restrictive interest rates if inflation persists. The uncertain neutral interest rate complicates policy assessments, leading to a more cautious strategy.

BTC trend analysis: support is not stable, shorts are not exhausted
Pressure level: 93600, 94800
Support level: 90300, 89000, 87200
The current market is in a small rebound stage, but the overall downward trend has not changed. The hourly line shows that BTC still has a certain rebound demand, but the upper 93600, 94800 area is the key suppression level, and it is necessary to pay close attention to whether its top and bottom conversion is established. If it can break through this pressure level, it may continue to explore in the short term.

Opportunities are hidden in the shock, and flexible response to the long-short game
BTC is oscillating at a high level, and there is still room for rebound in the short term, but the overall short trend has not changed. The current market is in a stage of alternating long and short positions, and it is necessary to pay close attention to the key support and pressure positions, and adjust the strategy in combination with the dynamics of macroeconomic policies. In operation, it is particularly important to maintain flexibility and do not chase the rise and sell the fall.