📊 December 11th midday Bitcoin #BTC Market Comprehensive Analysis and Latest Support and Resistance
Key Event Review and Latest Situation Analysis: In the early hours of today (December 11th), the Federal Reserve (Fed) announced a 25 basis point rate cut (interest rate lowered to the 3.50%-3.75% range). This aligns with market expectations. Market Recap: After the announcement, BTC temporarily surged to around 94,500 USD (“buy the rumor” climax), then quickly faced selling pressure (“sell the news”), with the price falling nearly 5,000 points from the high, breaking through two key levels at 92,000 and 90,000. It is currently fluctuating around 89,600. Current Qualification: A technical correction after a profit-taking phase following positive news. Although the rate cut is a substantial positive, the market preempted the move (rising above 92k yesterday), leading short-term profits to exit en masse after the news was announced. The current pattern has shifted from strong to oscillating and slightly weak, seeking a new bottom support. $BTC
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📊 December 11th midday Bitcoin #BTC Market Comprehensive Analysis and Latest Support and Resistance
Key Event Review and Latest Situation Analysis: In the early hours of today (December 11th), the Federal Reserve (Fed) announced a 25 basis point rate cut (interest rate lowered to the 3.50%-3.75% range). This aligns with market expectations.
Market Recap: After the announcement, BTC temporarily surged to around 94,500 USD (“buy the rumor” climax), then quickly faced selling pressure (“sell the news”), with the price falling nearly 5,000 points from the high, breaking through two key levels at 92,000 and 90,000. It is currently fluctuating around 89,600.
Current Qualification: A technical correction after a profit-taking phase following positive news. Although the rate cut is a substantial positive, the market preempted the move (rising above 92k yesterday), leading short-term profits to exit en masse after the news was announced. The current pattern has shifted from strong to oscillating and slightly weak, seeking a new bottom support. $BTC