Let's talk about the market trends over the past few days.

After the interest rate cut in December, the Federal Reserve will most likely hit the pause button until February next year. During this time window, it is normal for the overall market atmosphere to be cautious. I estimate that there may be a rebound before and after the rate cut, but after that, we will have to continue to grind. What’s more concerning is Japan—if they really decide to raise interest rates, that would be the biggest uncertainty. If that happens, the period from December to January will be tough.

Looking at the market:

The weekly level support for BTC is still at the 74000 line, and this position will likely be tested repeatedly in the short term. The daily chart shows a choppy pattern. Let's think from another perspective: if I were a market maker, I wouldn't be aggressively accumulating positions in the range of 80000 to 90000—retail investors are not panicking to that extent yet.

How to look at specific points?

For short-term BTC, keep an eye on around 80000; if it breaks below, look towards the 75000 range.

For ETH, you can try a short long position at 2723, but it might drop to 2688; basically, it will fluctuate within this range. If you want to play, focus on short-term trading and don't overthink it.

If you really want to bottom out ETH, a relatively reliable position is at 2620, with a stop loss set at 2500. But if 2500 cannot hold, then you have to look directly at 2112.

The market is behaving like this now: if you didn't short at the high earlier, it's best to wait until it breaks the key support before taking action. After all, the possibility of the Federal Reserve cutting interest rates in December is still up in the air, and a rebound could come at any time to wipe out all the shorts.