12.19 Morning Market Overview:

Bitcoin closed the morning with a solid bearish candle, forming a cross evening star with yesterday's gravestone doji and the day before's bullish candle, indicating a continued bearish trend.

At 3 AM today, Powell delivered a speech, and the Federal Reserve lowered interest rates by 25 basis points to 4.25-4.5, which was in line with expectations; this was a clear positive signal, but the last few sentences introduced a 'gray swan' for crypto in late 2024. Firstly, the Federal Reserve has no intention of holding Bitcoin, and as an authority on the balance of U.S. monetary regulation, this statement essentially slaps Congress in the face; secondly, the U.S. is either at or close to a moment of slowing interest rate cuts, indicating that the U.S. economy is currently stable without an economic crisis; thirdly, the Federal Reserve's dot plot indicates that there will only be two rate cuts in 2025, which exceeds the previously anticipated three or four cuts.

As of the close of U.S. stocks, the Dow fell 2.58%, the S&P 500 fell 2.95%, marking the largest drop for that day since 2001, and the Nasdaq fell 3.56%, the largest drop in five months. The U.S. dollar index rose to its highest level in two years at 108.26; BTC fell to 99K, touching the trend line and the strongest recent support. Altcoins are in a severe bloodbath, a sight too painful to witness; now the ground is covered with bloody chips, it all depends on individual courage. Our account assets have also shrunk significantly, but don't be afraid to hold good chips; after all, this is only temporary. Don't succumb in the dark before dawn; as long as Trump takes office smoothly on January 20, it will be the spring of cryptocurrency; the only certainty in the crypto market is the uncertainty of the market.

The above information is for market analysis only and should not be considered as trading advice; follow me to stay on track for the latest news and point analysis every day, and the wealth codes you desire. Remember to like and follow!