12.11 After the Federal Reserve rate cut, how far can BTC and ETH break through the rally?

The Federal Reserve's new round of interest rate decisions was announced as expected early this morning, cutting rates by 25 basis points. However, it also expressed concerns about the current employment market and inflation, emphasizing that the impact of tariffs on inflation is temporary. Old T has expressed dissatisfaction with this rate cut, believing that the magnitude could be increased further. Let's keep an eye on Old T's movements.

At 8 a.m., the daily chart closed below 92,800, leaving room for a retest. The lowest point so far is around 89,300. Do not blindly chase short positions. Currently, BTC market is in sideways consolidation, with no clear trend signals from technical and external environment factors.

Regarding external environment, market sentiment is neutral. Macroeconomic indicators (such as the US dollar index and Treasury yields) show no significant changes, neither providing clear pressure nor support to the market. On the news front, bullish and bearish factors intertwine: positives include expectations of Federal Reserve rate cuts, Polygon's technical breakthroughs, and BTC ETF capital inflows; negatives include US debt pressure, crypto market panic sentiment, and regulatory uncertainties.

BTC trading advice: buy at 89,500-89,900, target 91,600, break to see 92,800.

ETH trading advice: buy at 3,180-3,195, target 3,262, break to see 3,310.