#减半机制 The BTC triangle pattern is still being repeatedly confirmed, and the key now is whether it can effectively break through the upper resistance. From the data, the small-level support has moved to 88,000-89,000, and this range is a reference point for future go long. After ETH fell below 3000, it quickly rebounded, indicating that the support at this psychological level is strong. Once it holds above 3000, the probability of continuing to rise is indeed quite high.

The real turning point is on December 10th - the Fed's interest rate cut is basically a certainty, with the key being the subsequent liquidity injection. The message from the banks is clear: starting in January next year, they will buy $45 billion in short-term Treasury bills every month, which essentially adds incremental liquidity into the market. The expectation gap over these three months should be considerable.

TAO halved for the first time this week. Historically, based on the halving mechanism, there is usually a wave of expected market movement. Currently, it's reasonable to go long at 300, add positions at 275, and set a stop loss at 260, targeting the range of 380-400. However, strict stop loss execution is necessary—speculation during the halving market is typically very high, and if it breaks support, one should follow the trend.

Those small coins like GPS and Ntrn are still hovering at the bottom, and institutional actions are worth tracking, but positions must be controlled. The expectations for spot trading on Binance are also fermenting, but risk management before expectations are fulfilled is more important. No matter how high the degree of operational grasp, profit-taking and stop-loss must be strictly enforced - this is the bottom line.