Is BTC.ETH preparing to make a big move on December 23?



Federal Reserve Governor Stephen M. Milan recently made it clear that if the Federal Reserve does not continue to lower interest rates next year, the Big Beautiful Economy may face the risk of recession. This governor, who took office in September 2024, has been advocating for significant interest rate cuts since assuming his position, but with recent policy adjustments taking effect, the necessity of his previous call for a substantial 50 basis point cut has clearly diminished. Several regional Fed presidents remain vigilant about inflation issues—currently, the inflation rate in the Big Beautiful Economy is still nearly 1 percentage point above the 2% target, while the continuously rising unemployment rate exacerbates market concerns about a weak job market.

Yesterday's market first rose and then retraced, which was expected. In the early morning, it retraced to around 88, where I entered a long position, which I am still holding. In the morning Asian session, it rose to around 89000, and currently, it has slightly retraced to around 87100, with an average cost for additional positions at around 87600. A pullback could be considered for reducing positions.

BTC is currently in a low volatility range-bound state, with the price fluctuating between 85000 (strong support) and 8862 (strong resistance). The technical indicators show that the candlestick patterns have formed a bullish engulfing pattern, suggesting the potential for a reversal upward.

BTC trading suggestion 864-867 long Target 88000 breakthrough looking at 887-896

ETH trading suggestion 2915-2935 long target 2990 break look at 3030-3065$BTC #加密市场小幅回暖 #今日你看涨还是看跌?
BTC-3,72%
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