Qi Fei's analysis of the BTC trend for next week: Fed's expectation for a rate cut in December has soared to 71%, marking a key turning point in market sentiment!

The market is experiencing a strong recovery with fluctuations. The key resistance level will determine the direction. Currently, the price of BTC is stable at the 90000 level. From the 4-hour candlestick chart, after the previous low of 80600 formed effective support, a rebound trend emerged, reaching a high of 93092. It is currently in a high-level consolidation phase. Combining the Fed's interest rate cut expectations with technical signals, next week's trend can be summarized as a strong recovery with fluctuations, where the key resistance level will determine the height of the rebound.

1. Support and Resistance
Strong support below: 88000 (key rebound point from previous period), 80600 (stage bottom). If it falls below 88000 and the volume continues to shrink, the short-term rebound may end prematurely.
Key resistance above: 92000-93000 (recent rebound high point range). If this range is broken with high volume, it is expected to further test 95000-96000; if it faces pressure and falls back, it will return to the 88000-92000 fluctuation range.

2. Technical Indicator Signals
The RSI indicator is in the 50-60 range, not in the overbought area, and still has upward buffer space;
In the early stage of the MACD indicator's DIF and DEA forming a death cross, the green bars show a slight increase in volume, indicating that short-term upward momentum has weakened, and the probability of a consolidation is relatively high.

The Fed's expectation of a rate cut in December has risen to 71%. The market's risk appetite has rebounded, providing fundamental support for BTC, but the large bearish trend has not yet been reversed. This rebound is a short-term corrective movement, and caution is needed regarding the risk of a pullback after positive news.

Operation Suggestions
In the range: 88000-92000, you can lightly sell high and buy low; after breaking the position, operate in the direction of the trend.
Break through 93000: after a pullback, take a light long position, target 95000+;
Break below 88000: stop loss and exit or lightly position short, looking down at 85000-80600.

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