Track real-time hot topics in the cryptocurrency circle, seize the best trading opportunities. Today is Sunday, December 8, 2024. I am Wang Yi Bo! Good morning, fellow coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

💎
💎
The encryption market will fluctuate next week due to a series of US economic and financial data. The highly-anticipated US non-farm payroll data for November was better than expected this week, but not hot enough to prevent the Fed from cutting interest rates again later this month. The market has pushed the probability of a 25 basis point rate cut in December to around 90%. Meanwhile, more and more Fed officials are inclined to cautiously cut interest rates. The US inflation data in the coming week is the only important data that could shake the Fed's December rate cut expectations. After the data shows that the US labor market is still strong but there are signs of slowing down, Fed officials seem likely to cut interest rates this month. However, the debate about the possibility of pausing interest rate cuts next year has already been put on the table. Policymakers who spoke before the Fed's silent period generally said that they expect the interest rate to continue to fall, while taking a cautious stance on the pace of rate cuts. Here are the key points that the market will focus on in the new week:
On Monday at 23:00, the wholesale sales monthly rate for October in the United States;

On Tuesday at 0:00, the 1-year inflation expectations of the New York Fed in November in the United States;

On Wednesday at 21:30, US November CPI and Core CPI;
On Thursday 21:30, the initial jobless claims for the week ending December 7th in the United States; US November PPI year-on-year, month-on-month;
On Friday at 1:00, the Federal Reserve released the account fund flow for the third quarter of 2024;
On Friday at 21:30, the US import price index for November will be released.
💎
💎
After two days of large fluctuations in BTC, in the past 24 hours, BTC has entered a small oscillation, moving within the range of 98,000 to 100,000. Yesterday, the small positive cross Candlestick consolidated and corrected at a high level. Although the space has not further expanded, the retracement space is small, and consolidation is used instead of a decline. It is still a strong longs consolidation market, and there is still hope for short-term momentum to touch new highs. On the four-hour level, the price of the big coin is recovering in a step-by-step manner, consolidating and accumulating momentum near 97,500. Overall, the rhythm is not a strong one-way trend. The price of the coin fluctuates repeatedly to confirm the highs and lows, but the trend is upward. Let's focus on following the trend first and look for the continuation of the rebound in the short term, paying attention to the suppression of the high point of the rebound!
💎
💎
Ether finally broke through the previous pressure and the price has surged to around 4000 as expected, reaching a resistance near 4092. Currently, the price is experiencing a pullback and oscillating around 4000 without breaking through again. This oscillating trend doesn't require excessive interpretation, as it is just staying within a range after the significant fluctuations last week. It's using the weekend to digest and undergoing a correction in terms of time and space. The trend is slightly winding but stable, in the consolidation phase within the pump channel. The current market momentum is weak, without a significant counter-trend pullback, indicating that there is still potential for further upward movement in the future. Therefore, in terms of strategy, it is recommended to accumulate at low levels, follow the major trend, and maintain a bullish confidence.
💎
💎
The breakthrough rally of Ethereum has also boosted the trend of the AltCoin market. The trend of AltCoin still highlights the rotation of zones. AAVE surged to $291, approaching $300. In the past few days, XRP, SOL, HBAR, and LTC, which have strong pullback expectations for Spot ETF approval, have regained momentum. This surge also occurred at the moment when many people chased the market and were trapped, leading to Cut Loss. In addition, there has been a wild surge of hot cakes such as OL and MORPHO, so your operation in the Bull Market trend of AltCoin must keep up with the rotation rhythm of the zone.