#美联储重启降息步伐 BTC Midday Observation on December 5

Yesterday, Bitcoin hovered in the 92,800 to 94,000 range all day. After the US released initial jobless claims data in the evening, it quickly dipped to 90,842 but soon rebounded and is now fluctuating around 92,000.

From a technical perspective, the 93,000-95,000 zone is a tough resistance. If it can break through with strong volume, the 100,000 mark won't be far off. On the downside, keep a close eye on the 89,500-90,000 area; further down, 88,000-88,500 serves as a buffer. If even that can't hold, the correction might get deeper.

On the macro side, there are some bullish factors— the US is preparing to appoint a crypto-friendly candidate as SEC Chair, and market expectations for a Fed rate cut are still present, both of which offer some support.

Personal thoughts:
If a suitable entry point can be found around 92,800-93,500, consider setting up a short position, targeting the 91,000 level. $BTC $ETH