BTC testing the key level of $88,000, with Fed rate cut expectations as a catalyst for recovery?

The Bitcoin market has recently shown signs of recovery, with prices gradually rising from last week's low of below $82,000, currently hovering around $87,500. This rebound is primarily driven by the market's renewed expectations that the Fed may lower interest rates in December. Although there was a pullback after encountering resistance at the $88,000 level, overall sentiment has improved compared to earlier.

Looking at this round of market trends, the altcoins have failed, the market has become fragmented, and it can be observed that the so-called cycle confusion is more about the increase in driving forces. The market structure has changed, the participants have changed, and the way emotions are spread has also changed. This also means that the past approach of easily making money by watching the timetable for bullish or bearish trends may have become outdated. #Gate广场圣诞送温暖