There is no clear technical indicator for Bitcoin to show its short-term trend, but from the perspective of market sentiment and macroeconomic environment, the Federal Reserve released a cautious monetary policy signal on December 19, reducing the expectation of interest rate cuts in 2025, resulting in a weakening of market risk appetite and a decline in investment demand for Bitcoin.
Macroeconomic environment: The dot plot data released by the Federal Reserve in December showed hawkish signals such as a reduction in the number of interest rate cuts in 2025, which led to an increase in the US dollar and volatility index, and the US Treasury yields, US stocks, gold and cryptocurrency markets generally faced pressure.
Bitcoin Ethereum support level
Currently, the support level of Bitcoin is around US$96,000. If it breaks, it will fall further. The next stage of support is at US$89,000, and Ethereum supports at US$3,000.