#BTC再创新高 12.18 Morning Market Overview:

$BTC The Bitcoin morning closing is a tombstone doji bullish candlestick, today the market mainly fluctuates downward.

The 4H Bitcoin started to decline after hitting a historical high of 108353 last night, but it did not break the rising wedge channel. I personally suggest buying on dips, as the bull market does not discuss tops; no one knows where the top is; support levels are 104858, 103779, 102699 and resistance levels are 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 wants to leave a mess for Trump, while Trump is eager to lower interest rates and wait until January 20 to take office as America’s savior. Meanwhile, Wall Street institutions also hope to lower interest rates to accumulate more chips at a lower price. The Federal Reserve does not want to offend either side; they want to lower interest rates to address inflation but cannot show it openly. Therefore, tomorrow’s speech by Chairman Powell will likely be ambiguous, but a 25 basis point rate cut is certain; it just depends on how Chairman Powell eloquently explains it.

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