December 9. BTC. ETH. Swinging around the 90,000 mark?

The market generally expects the Federal Reserve to announce a 25 basis point rate cut at its two-day policy meeting in December (concluding Wednesday), with the probability as high as 90%, a significant increase from 66% in November. This is due to recent dovish remarks from Fed officials. As the time approaches, BTC's intraday volatility is getting smaller and smaller.

Yesterday afternoon's strategy suggested a long position near 89,900. After the US stock market opened in the evening, prices began to pull back, reaching a low of around 89,500. In the morning, the highest rebound reached 91,400. Last night, another long position near the current price of 89,700 was suggested, with the morning's highest movement up to around 91,400.

In this market, trading without a plan is no different from a small boat drifting at sea, always at risk of capsizing. Trading does not favor the weak; only the best survive the big waves. If the market is unclear or the price hasn't dropped to the right level, you must resist the urge to buy; if the price hasn't risen enough, you must resist the urge to sell. Whether buying, selling, or holding, you should have patience and self-control.

BTC operation suggestion: long at 88,888-89,400, target 91,500; if it breaks through, look for 92,000-92,800.

ETH operation suggestion: long at 3,065-3,080, target 3,155; if it breaks through, look for 3,190$BTC #比特币行情观察 $ETH