Track real-time hot topics in the currency circle, seize the best trading opportunities, today is Sunday, December 8, 2024, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹

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The encryption market next week will fluctuate due to a series of economic and financial data from the United States. This week, the much-followed US non-farm payrolls for November were better than expected, but not hot enough to prevent the Fed from cutting interest rates again later this month. The market has pushed the probability of a 25 basis point rate cut in December to around 90%. At the same time, more and more Fed officials are inclined to be cautious about cutting rates. The US inflation data in the coming week is the only important data that could shake the market's expectations of a December rate cut by the Fed. After the data shows that the US labor market remains strong but also shows signs of slowing down, Fed officials seem likely to cut rates this month, but the debate about a possible pause in rate cuts next year has been put on the table. Policymakers who spoke before the Fed's silent period generally stated that they expect the Intrerest Rate to continue to decline, while being cautious about the pace of rate cuts. The following are the key points that the market will focus on in the coming week:
On Monday at 23:00, the US October wholesale sales month-on-month rate;

At 0:00 on Tuesday, the 1-year inflation expectations of the New York Fed in November.

At 21:30 on Wednesday, US November CPI and core CPI;
On Thursday at 21:30, the initial jobless claims for the week ending December 7th in the United States; US November PPI annual rate, monthly rate;
At 1:00 on Friday, the Federal Reserve announced the flow of funds in the third quarter of 2024.
Friday 21:30, US November Import Price Index MoM.
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After two days of large fluctuations in BTC, in the past 24 hours, BTC has entered a small range of oscillation, moving in the range of 98,000 to 100,000. Yesterday, the small positive cross candlestick consolidated and corrected at a high level. Although there was no further volume expansion, the retracement space was small. Instead of a decline, it was still a strong longs consolidation market. There is still hope for short-term momentum to touch new highs. On the four-hour chart, the price of BTC is recovering in a step-like manner, with consolidation and momentum-building near 97,500. Overall, the rhythm is not yet a strong one-way trend. The price of BTC is accompanied by repeated exploration of highs and confirmations on pullbacks, but the trend is upward. For now, we should focus on following the long positions and look for the continuation of the rebound in the short term, paying attention to the suppression of the high point of the rebound!
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Ether finally broke through the previous resistance, as expected, the price rose to the 4000 level, reaching pressure near 4092. Currently, the price is oscillating around the 4000 level after the pullback, and the trend has not broken through again. This kind of oscillating trend does not need to be overinterpreted, it is just maintaining within a range of oscillation. After all, the rise and fall given last week was quite large, and it is just right to use the weekend to digest. Overall, it is still in a phase of correction where time is exchanged for space, with intermittent changes between small positive and small negative on the chart, narrowing the space, and the trend is stable with a slight detour, currently in the consolidation stage within the pump channel. The current market momentum is weak, and there is no significant counter-trend, indicating that there is still potential for further rise in the future. Therefore, strategically, it is recommended to absorb at low levels, closely follow the major trend, and remain bullish with firm confidence.
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The breakthrough rally of Ethereum has also boosted the trend of the AltCoin market. The trend of AltCoin still highlights the rotation of the zone. AAVE has risen to $291, approaching $300. XRP, SOL, HBAR, and LTC, which had a strong pullback a few days ago but have been approved for Spot ETF, have regained their upward momentum. This rally also happened at the moment when many people were chasing the market, trapped, and cutting their losses. In addition, there has been a wild surge of popular cryptocurrencies such as OL and MORPHO. Therefore, in the Bull Market of AltCoin, your operations must keep up with the rotation rhythm of the zone.