#美联储重启降息步伐 Afternoon Market Observation | 12.5
$BTC The hourly chart is looking a bit weak. Fed rate cut expectations are cooling off, and ETF funds are still flowing out. These two factors are combining to create considerable pressure.
From a technical indicator perspective: MACD has already formed a death cross and is spreading downward, RSI has also dropped from its high, and the price is currently being suppressed by short-term moving averages. In addition, institutions have been reducing their positions lately, safe-haven sentiment is rising in the market, and selling pressure continues to be released. The current support level is struggling, and the downward momentum hasn’t stopped yet. Watch out for a possible deep pullback if key support is breached.
Trading strategy reference: You can consider laying out short positions in the 94,500 to 93,500 range, targeting 92,500, 91,500, and 90,500. Remember to manage your risk. $BTC $ETH