The turnover rate on Saturday was only one-fourth of that on Friday, and on Sunday it was less than one-third of Saturday's. This illustrates just how low the current turnover rate has dropped. The main reason for the low turnover rate is the decrease in selling pressure. If yesterday's fluctuations in BTC still showed some 'Sell The News' behavior, today it is almost non-existent. After the CME opened, there should be another gap up.

Currently, there have been no significant changes in support levels, with support still very solid between $95,500 and $100,500. There are two things to look forward to in the new week, both taking place on December 19th, Beijing time. One is the Federal Reserve's interest rate meeting, and at 3 AM on the 19th, a 25 basis point rate cut should be beyond doubt. Then during the day on the 19th, there will be an adjustment to Japan's interest rates; there won’t be an adjustment in December, which is good news.

The remaining focus will be on Powell's speech at 3:30 AM on the 19th. It’s expected that reporters will ask whether the rate cuts in January 2025 will be paused. The old fox's answer will likely still depend on the data. Of course, the dot plot will also be released in December, so let’s look at that first. It’s estimated that there will be 2 to 4 rate cuts in 2025. Once this data is released, the market may see some fluctuations.