Currently, the Federal Reserve is easing its stance, and market sentiment is subdued. The short-term balance sheet expansion is merely symbolic easing, with the key point being that the chart pattern suggests only one rate cut next year, so don’t hold out hope for March or April. The market is currently dominated by futures contracts, with frequent fluctuations and false breakouts, making the trend hard to determine. Those reducing positions and bottom-fishing are all on the sidelines.

Additionally, if the Bank of Japan raises interest rates on December 19, it could impact global risk assets. Liquidity tends to wane during the year-end holidays, and the market is likely to be quiet.

Technically, the price surged and then pulled back, facing short-term resistance. The daily chart shows long upper shadows, and the hourly momentum is weakening, but the medium to long-term trend has not yet turned negative, and overall, it remains in a consolidation range. The recommended strategy is to continue buying low and selling high.

12.12 Bitcoin Trading Strategy:

1. Short #BTC 93199-92699, stop loss above #ETH 94199, target 90001-89001

2. Long 89501-90001, stop loss below 88201, target 91501-92001

12.12 Ethereum Trading Strategy:

1. Short 3288-3255, stop loss above 3333, target 3141-3091

2. Long 3055-3088, stop loss below 3000, target 3181-3231