25/12/08BTC short-term continues to rise, the interest rate cut in December is about to come, the shoe dropping is the real risk.
Bitcoin weekly close is a doji, currently the price remains around 91400, the weekly MACD histogram is shortening which is a good phenomenon, RSI has rebounded from the multiple downturn levels during this bullish market. There are two days until the interest rate cut, watch for a rebound before the cut, mainly pay attention to Powell's speech and the market reaction after the shoe drops.
The Federal Reserve will start a record monthly repurchase of $45 billion bonds from January 2026, large-scale money printing is about to come, which is also one of the positives, plus the Fed is about to change to a crypto-friendly personnel.
Bitcoin
Daily maintains an ascending channel, and slightly increased in volume, currently testing the 4-hour downtrend breakout, still a bit away from the daily downtrend line. The key daily resistance is near 94000, breaking upwards may potentially reach below 98000 to 100000.
4-hour short-term still looking for a rebound, focus on the resistance above the ascending channel...
Support: 83822 to 87719
Resistance: 94000 to 100000
Ethereum
Ethereum weekly MACD histogram shortening more significantly, daily also has some volume increase, daily formed an ascending triangle, resistance level at 3240, once it breaks upwards there is a chance to reach below 3600.
ETH/BTC exchange rate downtrend line breakout, weekly facing rebound B wave, Ethereum and altcoins facing opportunities, can grasp some rebound strong altcoins.
Support: 2718 to 2900
Resistance: 3240 to 3600
