From the perspective of historical cycles, altcoins are not far from the next wave of market trends. The first quarter might be a breakthrough point, coinciding with the Ethereum Pectra upgrade and Trump's inauguration in early 2025. Many altcoin weekly charts have already set up, and further declines are likely within a range of about 15%. If you are holding cash, it's a good time to prepare to accumulate and buy the dip in batches!

The Federal Reserve has cut interest rates by 25 basis points as expected, but due to hawkish effects, the US dollar index has risen above 108, the Dow Jones fell by over a thousand points, and the S&P 500 recorded its largest single-day drop due to a rate cut since 2001. Gold prices dropped significantly by nearly $60 during the session, and BTC started to gather strength for a rebound after falling below 100,000.

Key Summary:

1. The Federal Reserve has no intention of holding BTC

2. Inflation above target may still allow for further rate cuts

3. It is unlikely that interest rates will rise next year

4. By the end of 2025, the benchmark interest rate is expected to be lowered 2 more times (by 25 basis points each time)

Market: BTC fell to around 98,700 during the session, touching the lower boundary of the upward channel, with a good rebound momentum. Negative news is gradually being digested, and the macro trend remains bullish. Altcoins are generally down, and the overall market has completed a second test of the support point from the oversold condition on December 10, starting to rebound after touching the weekly support. During the day, pay attention to support and resistance at 99,300, 101,000-102,600, and 103,600!