#美联储政策 The Fed's interest rate cut on December 10 has become a certainty, and the key point is the subsequent liquidity injection. Data from Bank of America shows that starting in January next year, $45 billion in short-term Treasury bills will be injected monthly, which means there will be no shortage of money in the market for the first three months of next year. From the on-chain funding flow perspective, whales have indeed started to take action at low levels, but it hasn't reached the level of a collective outbreak yet.

BTC is currently facing a triangular pattern resistance level around 86,000, with support having moved up to the 88,000-89,000 range. A short-term pullback to this position could be considered for entry. Stabilizing above 3,000 for ETH is key; there is still room for a rebound, but a suitable entry point for a dip has not been found.

Small-cap coins are interesting this time—GPS, NTRN, NEWT, PNUT, and NIL are indeed lying low at the bottom, but we need to wait for the market to trigger signals. BCH has returned to around 600, planning to build a bottom position and give it a try. TAO will halve for the first time this week; the strategy of going long at 300, adding positions at 275, and stopping loss at 260 can be followed, with a target in the 380-400 range.

The Voxel contract fluctuated by 50%, and institutions are still increasing their positions. This type of asset for capital games should continue to be held for observation. ASTER is at the psychological level of 0.9, and considering ZEC's performance after breaking down from 420, the probability of it breaking down further is quite high.

The current focus is to wait for the Fed's policy to take effect; once liquidity is confirmed, the market rhythm will be clearer. The specific entry and exit will still depend on real-time trends, and strict adherence to stop-loss and take-profit orders is necessary.