Crypto friends, I am Zhao Gongming. A macro news has exploded: market expectations for the Federal Reserve's interest rate cut in December have soared to 85%! The US dollar has weakened in response, and logically, this should be the best 'fuel' for takeoff. But strangely, after BTC surged to 9310, it hesitated in front of the critical threshold of 94000. Is this 'gathering strength to take off' or 'good news already priced in'? Follow Zhao Gongming to understand the subsequent market trends!
Message: Interest rate cuts are favorable and may have already been 'advanced'!
The US dollar is weak, and expectations for interest rate cuts are rising, which is indeed a long-term positive. But you must be clear: the market often reacts to expectations in advance. BTC has risen from over 80,000 to 93,000, which may have already overdrawn this optimistic sentiment.
When everyone knows that interest rates will be cut, you should be alert for short-term "buy the rumor, sell the news" profit-taking.
Technical aspect: 94000 is the "touchstone"; if it can't be surpassed, it needs to pull back!
The 1-hour chart makes it very clear that 94000 is the key dividing line between bulls and bears. If it goes above, the next target is 96000; if it can't, it may pull back to 92000-92500 to seek support.
Although the MACD shows a death cross, the "insufficient energy" indicates that both bulls and bears are very conflicted here—neither is willing to take the first move. The real signal for a trend change depends on who can win in the 93800-94000 range!
If Zhao Gongming's analysis helps you, you can follow Zhao Gongming, who will continue to share subsequent market trends!
Zhao Gongming's views and strategies:
Zhao Gongming's opinion is very straightforward: the trend is bullish, but never chase the highs! Wait for a pullback or wait for a confirmed breakout.
Advice for those already holding positions: around 94000, if the price struggles to rise, it's advisable to reduce some positions to lock in profits. If the position is not heavy, set the stop loss at 92500 to bet on a breakout.
Advice for those looking to enter: absolutely do not chase above 93500! Two safer approaches: wait for a breakout above 94200 with volume and stable price, then take a small position with a stop loss at 93500; or wait for a pullback to around 92000 to stabilize, then gradually build long positions with a stop loss at 91500.
Before key resistance levels, "patience" is more valuable than "courage." Better to miss out than to make a mistake.
If you always rush to chase highs when prices rise and feel lost when they fall; if you want to learn how to use "key level betting" and "news validation" to find high-probability entry and exit points in advance, follow Zhao Gongming. He will teach you how to use the "long-short position ratio" and "greed-fear index" to gauge the true market sentiment, so you are no longer confused by appearances! #加密市场观察
