On December 19, Japan's interest rate cut is just a step away, and the Bank of Japan is set to raise interest rates to the highest level in 30 years on Friday. Despite facing resistance from U.S. tariffs and the impact of dovish appointments, the Bank of Japan has completed two rate hikes this year. Concerns in the U.S. Treasury market for 2026 seem to be increasing, and the crypto market has restarted risk reduction ahead of the New Year. Although the Federal Reserve may further cut rates, upcoming personnel changes at the central bank still put pressure on market sentiment.

Now, let's talk about the recent volatility in the crypto market. Last week, after Federal Reserve Chairman Powell announced the rate cut, there was no continuation of positive performance. Instead, retail market sentiment has remained bullish, and the future rate cuts seem to be overly optimistic. Remember, the expected value is not set in stone!

The recent price movement of BTC has been very manageable, with back-and-forth transitions between long and short positions, and several turning points have been accurately timed to reach targets.

Currently, the price has shown a downward retracement and recovery. The evening's rebound did not manage to break above 88,500, so the price will likely experience a pullback to gather strength for a rebound.

In the future, we can look for a pullback to the 86,500-86,000 range to see bullish movement around 88,400. If it breaks the middle track, we can then look towards 90,000.

Follow the public account, "What can relieve worries? Only Jiang Wei," a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the restless trading market. With experience through three cycles of bull and bear markets and years of trading practice, he specializes in naked K, trends, Dow theory, Gann, harmonics, Chande, Elliott wave theory, and other technical analyses, gathering unique insights.

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