December 11 BTC/ETH Analysis:

Rate cuts have exhausted their positive effects; implementation might be bearish?

From Powell's speech early this morning, it was understood that: the rate cut and interest rate level remain neutral, and the focus is now on inflation risks. This outlook has actually become dovish, leaving room for hawkish Harker to raise rates further. Yesterday, BTC hit a target of 9450, ETH targeted 3300 and closed profitably at 3450 across the board. Subsequently, 📉 is influenced by institutional profit-taking and the dual pressure of increased short-term US debt funds, leading to a normal pullback. The positive effects of rate cuts will not immediately appear in the short term!

BTC
From the daily chart, decreased trading volume has formed a divergence between price and volume, limiting the upward momentum indicated by a bullish engulfing candlestick. The market is still in a consolidation range; short-term declines are more likely to rebound. As long as the retracement does not fall below 8930 on a smaller scale, there is still room for an upward move.

Within the range of 8940-8890, the goal is to break through 9200 and look up to 9320-9450.

ETH
Within the range of 3167-3188, the target is to break through 3252 and look up to 3300-3358.

Short-term trading should be flexible and adjusted based on your own position and actual situation! #美联储降息预测