#BTC再创新高 12.18 Morning Market Overview:

$BTC Bitcoin closed this morning as a gravestone doji bullish candle, today the market is mainly fluctuating downwards.

The 4H Bitcoin started to decline after reaching a historical high of 108353 last night, but it did not break the ascending wedge channel. I personally suggest taking long positions on dips; in a bull market, there is no definitive top, where the top is known to no one; support levels are at 104858, 103779, 102699 and resistance at 106342, 107868, 108353.

Tomorrow morning, the FOMC will announce the interest rate meeting. The current Biden administration does not want to lower interest rates and wishes to leave a mess for Trump. In contrast, Trump is eager to cut rates and wait until January 20 to take office as the savior of America. Meanwhile, Wall Street institutions also hope to lower rates to acquire more shares at a lower price; the Federal Reserve does not want to offend either side. They are thinking of lowering rates to tackle inflation but cannot openly show it. Therefore, tomorrow’s speech by Chairman Powell will be ambiguous, but a 25 basis point rate cut is certain; it just depends on how eloquently Powell can explain it.

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