#美联储降息 Bitcoin is now fluctuating between 91,000 and 92,000 USD, having surged above 93,000 USD once yesterday, but pulling back in the early trading hours today. Overall, it’s trading sideways within the range of 88,000 to 94,500 USD.

To put it simply, recent movements are a typical high-level correction. After reaching a historical high of 126,000 USD in October, a large amount of profit-taking emerged in November, exerting significant selling pressure. Plus, the Fed’s rate cut didn’t bring any surprises, leading to a broad decline in risk assets. Bitcoin plummeted from above 100,000 USD to below 90,000 USD.

From a technical perspective, $8,8200 is a key support level. As long as it holds, it’s not considered a breakdown. The resistance zone is around 94,500–95,000 USD, and only a breakout there could open the door to retesting the 100,000 USD mark. Currently, market sentiment is neutral to cautious. ETF inflows continue but have slowed noticeably. Whales and long-term retail investors are selling and running at the same time, so short-term consolidation is expected.

If you are a medium- to long-term holder, don’t mess around. Everyone is still eyeing the 110,000–120,000 USD target before the end of the year. For short-term trading, focus on the key levels of 89,000 and 94,500 USD—buy low and sell high.

Looking at Ethereum, it’s currently hovering around 3,200 USD. Last night, it hit a high of 3,400 USD, but this morning it dropped back to the 3,100–3,200 USD range, with a 24-hour decline of 3–4%.

Ethereum’s situation is similar to Bitcoin—it’s also correcting from a high. After reaching a new high of 4,850 USD in November, December saw increased selling pressure. The Fed’s rate cut didn’t bring any surprises, and the market cooled off. Ethereum dropped directly from 3,800 USD.

From a technical standpoint, 3,100–3,150 USD is a key support zone. Holding this level means no need to panic. The resistance zone is around 3,400–3,500 USD; only a breakout above that could target 3,800 or even 4,000 USD. Recently, ETF inflows have continued, albeit at a small scale, and whales have started quietly accumulating at low levels. In the short term, expect continued volatility and bottom-finding.

Long-term holders should stay patient—by the end of the year, many are calling for a 4,000 USD price. Short-term traders should closely watch the levels of 3,100 and 3,400 USD—sell high when appropriate, buy low when possible.