#美联储降息预期 Recent PCE inflation data shows inflation continues to ease, and the Fed's rate cut expectations are heating up. However, the crypto market has decoupled from the stock market, with BTC temporarily falling to around 87,000. Analysis indicates that this is mainly influenced by factors such as options expiration and MicroStrategy pressure, rather than the inflation data itself.

In the short term, the 89,000-90,700 range remains a key support level. As long as this range is maintained, BTC still has room to rise. Resistance levels are at 94,400 and 97,000. Currently, market panic has eased from extreme to neutral, and with continuous net inflows into BTC ETFs, it suggests institutional buying has not retreated.

Next, close attention should be paid to the December 10 FOMC meeting. The rate cut expectations have largely been priced in, and the market will rely more on data for validation moving forward. Whether BTC can hold above 89,000 will determine the trend at the end of the year. It is recommended to focus on tracking capital flows and changes in risk appetite, as these will be key indicators for the future market direction.