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Matrixport: Bitcoin stabilizes in the short term, market sentiment remains cautious ahead of meeting
Summary: Matrixport stated that as the FOMC meeting on December 10 approaches, market sentiment remains highly cautious. Although the price of Bitcoin has temporarily stabilized, it is difficult to see it as the starting point of a new round of uptrend. Current option pricing still implies about 5% downside potential, with funds continuing to hedge against ...
Matrixport stated that as the FOMC meeting on December 10 approaches, market sentiment remains highly cautious. Although the price of Bitcoin has temporarily stabilized, it is difficult to see it as the starting point of a new round of uptrend. Current option pricing still implies about 5% downside potential, with funds continuing to hedge against potential pullback risks. At the end of the year, the market is generally in a deleveraging and position-reducing phase, with short-term rebounds seen more as opportunities to reduce positions rather than new long signals. From a seasonal perspective, market liquidity is usually tight around Christmas, which is not conducive to sustained market strength. The current bull-bear watershed is roughly at $91,500, with the overall probability scenario still indicating continued volatility convergence, and the possibility of a strong breakthrough directly after the FOMC meeting is relatively limited.
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Link: Matrixport: Bitcoin stabilizes in the short term, market sentiment remains cautious ahead of meeting [Copy]
