12.31

Bitcoin still hasn't escaped the curse of the 90,000 level, and is still oscillating around 88,000. During this low liquidity period, it's considered a good sign. The most important event yesterday was the Federal Reserve's release of the meeting summary. After a brief review, overall, Federal Reserve officials believe that the recent rise in inflation is largely related to tariffs, and they also think that inflation may be difficult to bring down to 2% in the short term.
The lack of vitality in the labor market reflects economic uncertainty or measures taken by companies to control costs, leading to decreased labor demand. Reduced immigration, aging population, or declining labor force participation rate contribute to a decrease in labor supply, and there is also a downward risk for the labor force. This indicates that the US economy may not be as strong or stable as many people think.
However, the Federal Reserve still believes that the US economy will experience growth in 2026. Regarding monetary policy, Federal Reserve officials think that if inflation continues to decline in 2026, further adjustments to monetary policy are feasible, but for now, they prefer to keep it unchanged. Most Fed officials agree that waiting and watching the data is the best approach, which suggests a very high probability that there will be no rate cut in January. The next adjustment might not happen until March.

BTC
Currently, there's nothing much to say about the technical aspect. Recently, the market has been following the expected right-side consolidation, still under the pressure of the 30-day moving average. But as the trend approaches a potential reversal, the daily chart shows that as long as it doesn't break below 86,000, there is still a chance. Support levels are at 86,000-84,700, with resistance at 89,200-91,200.

ETH
Ethereum, combined with Bitcoin, still has a chance as long as it doesn't break below 2,900 in the short term. In simple terms, this is a good entry point for left-side traders, while right-side traders should wait a bit longer. Support levels are at 2,820-2,900, with resistance at 3,010-3,040.