BTC testing the key level of $88,000, is the Fed's interest rate cut expectation a catalyst for recovery?

The Bitcoin market has recently shown signs of recovery, with prices gradually rising from last week's low of below $82,000, currently hovering around $87,500. This rebound is mainly driven by renewed market expectations that the Fed may cut interest rates in December. Although there was a pullback after encountering resistance at the $88,000 level, overall sentiment has improved compared to earlier.

If we break down this market cycle, we find that altcoins have lost their effectiveness, and the market has become fragmented. The so-called cycle confusion is more about the increase in driving forces. The market structure has changed, the participants have changed, and the way emotions are spread has also changed. This also means that the past approach of easily making money by focusing on the timetable for bull and bear markets may have become outdated. #Gate广场圣诞送温暖