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[Matrixport: Bitcoin stabilizes in the short term but faces difficulty breaking through, key range at $91,500] As the December 10 FOMC meeting approaches, Bitcoin has stabilized but it is not sufficient to confirm the start of a new upward trend. The options market pricing implies approximately 5% downside risk, indicating that funds are still hedging against potential pullbacks. The year-end market is in a deleveraging phase, with short-term rebounds seen as opportunities to reduce positions. Liquidity is expected to tighten around Christmas, with the current key range for bulls and bears located at $91,500. Overall, volatility is expected to continue converging, and the probability of a strong breakout immediately following the FOMC meeting is relatively low.