🔔Bitcoin network liquidations reached 1.185 billion, Fed's hawkish stance leads to crypto market flash crash🔥🔥🔥

A new ruler brings new ministers, a generation of freshness replaces an old one. The crypto market shifts, bringing joy to some and sorrow to others.

On Thursday (December 19), the market focused on the Federal Reserve's latest signals regarding monetary policy and its profound impact on the global economy and financial markets. After the Fed clearly hinted that future rate cuts would be lower than expected, the dollar index hit a two-year high, and the crypto market, along with other major assets, exhibited varying degrees of volatility.

The Fed's hawkish tilt has intensified market tensions. The Fed's latest policy guidance indicates that, despite strong economic growth in the U.S., it will reduce the magnitude of rate cuts, with the number of expected cuts by 2025 halved compared to projections made in September. This shift in stance has led to concerns about the U.S. economic outlook, particularly for emerging market economies. The Fed's hawkish attitude signifies a continued appreciation of the dollar, which poses a significant challenge for global financial markets, especially for emerging market economies.

The dollar index (DXY) continues to remain strong, rising today to 106.71 under the influence of the Fed's hawkish signals, marking a two-year high. The strong performance of the dollar has pressured other major currencies.

Returning to the crypto market, the total liquidation across the network in the past 24 hours reached 1.185 billion, with the main liquidation occurring in long positions, totaling 1.031 billion. The strength of the dollar continues to suppress the crypto market, which remains dominated by the direction of the dollar and Fed policy.

Personal operation suggestions:

Trend: Strong downward movement, Bitcoin's minor support level at 95,600 and strong support level near 94,500, with pressure between 99,800 and 100,200. Secondary line at 100,900-101,500. It is advisable to follow the trend, focusing on the main direction.

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