On December 18th, the interest rate cut is expected, Bitcoin will fall and then rise!

Currently, most of the market's attention will shift to the Federal Reserve's decision at 3 AM Beijing time tomorrow. The market expects the Federal Reserve to cut interest rates by 25 basis points this time. If the rate cut meets expectations, the US dollar index is likely to first find a bottom and rebound. What happens next will depend on changes in the dot plot's expectations, the content of the decision statement, and Powell's speech.

Everyone knows that if the Federal Reserve successfully cuts rates, it will be inevitable for Bitcoin to benefit. Bitcoin has adjusted down from its high of 108366 to around 103600, and the extent and space of its adjustment are sufficient. If it can leverage positive sentiment from the data in the early morning, it is highly likely to surge! Everyone needs to seize the opportunity!

It has always been said that knowing the rate cut will lead to a rise, it is impossible to keep pushing up before the rate cut. Yesterday's surge reaching a peak is already the high point, and a decline is inevitable. Currently, the drop has almost reached 5000 points; don’t think it’s too much. If you don’t have a short position at high levels, you should currently hold cash. If there’s a rebound above 104000, you can look for an opportunity to short. Watch for support around 101600-102000 for a bullish perspective.

Currently, three cryptocurrencies are being monitored to see if there are opportunities to bottom-fish. Bitcoin currently looks bearish; if it reaches around 101500 (fluctuating 300-500 points), it must be bottom-fished once. Ethereum around 3700 (fluctuating 30-50 points) should be bottom-fished, and Dogecoin can be positioned for a long at any point below 0.37000.

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