#Gate广场圣诞送温暖

Battle for Bitcoin at 91,000! Under the expectation of interest rate cuts by the Federal Reserve, we dissect all the support and resistance levels of the crypto market.
Brothers! Recently, isn't the fluctuation rhythm of Bitcoin becoming more and more confusing? The highs keep moving down step by step, but the lows are as steady as Mount Tai. This isn't just a simple game of speculation, but a dual pull of macro funds and market sentiment!

First, let's highlight the key points: In the past few hours, the price has been firmly oscillating between the range of 91400-91800, a typical pattern of "pressure from above and support from below." Why is this happening?
The core issue is the Federal Reserve's policy signals are "stirring the pot"—the market is now betting that the probability of a 25 basis point rate cut in December has soared to 84.9%, and the dovish expectations make funds hesitant to escape easily, which is the key to stabilizing the low points; however, with ETFs experiencing net outflows for five consecutive weeks and institutions still in wait-and-see mode, this has put the brakes on the upward movement, which is why the high points will gradually decrease.

Breaking down key points, even beginners can understand:

- Support level: The previous low of 90800 is a hard nut to crack! Last time it dropped to this point, there was buying capital entering the market, and there were no large-scale selling signals on-chain. If this position is held, the oscillating pattern can still be maintained;
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- Resistance level: The 92000 integer level is too difficult to tackle! On one hand, it is a psychological anchor point for the market, and on the other hand, ETF selling pressure is concentrated around this area, and a breakthrough requires sufficient capital support.
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- Current range: 91400-91800 is the Doko balance zone, and until the trading volume increases, it is likely to continue fluctuating back and forth.