#SERO Yesterday, the Central Bank of Canada cut interest rates by 50 basis points! Today, the Central Bank of Switzerland also cut interest rates by 50 basis points! The European Central Bank will announce its interest rate decision at 21:15 Beijing time on December 12th. Currently, there are two possible changes in the deposit facility interest rate according to market expectations. Most analysts expect the European Central Bank to cut interest rates by 25 basis points, which would bring the deposit facility interest rate down to 3%. However, JPMorgan analysts believe that the European Central Bank will cut interest rates by 50 basis points. This is because recent data indicate a rise in the economy and softening inflation. How will the Federal Reserve play on December 19th? Will they also cut interest rates by 50 basis points? Based on the current market expectations, it seems certain that the Federal Reserve will cut interest rates by 25 basis points on December 19th! So, if there is any unexpected outcome, it is estimated that the Federal Reserve will cut interest rates by 50 basis points!

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After yesterday's big and consolidated trend, Bitcoin is likely to maintain a trend of slight oscillation and repair. The intraday range may be compressed between 100300-101300. On the hourly chart, after continuous oscillation, it starts to gradually move out of the narrow range and the technical form also begins to gradually repair. The K-line slowly stands on the short-term moving average, tending to continue rebounding in the short-term trend. Pay attention to the previous pressure zone on the 4-hour chart.
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Ether then broke out of the trend of making up for the decline. After hitting the bottom at the 3795 level, it showed strong rebound strength, rising all the way to the highest point of 3944 before stopping the upward trend. Looking at the current hourly chart, the market retraced to the middle track to support the rebound, the middle track continued the upward trend, but the Bollinger Bands had three lines opening up, indicating a strong one-way movement in the short term. In the short term, it is still advisable to approach the operation with a high-level testing mindset. The upward trend line of the coin price has been established, so in the short term, we still have a bullish mindset.