According to an article published by Odaily, as the FOMC meeting on December 10th approaches, market attention is increasingly focused on policy signals. While Bitcoin has stabilized somewhat, its current price action is insufficient to confirm the start of a new upward phase. Options market pricing implies approximately 5% downside, indicating that funds are still hedging against potential pullback risks.
Matrixport points out that the market is generally in a deleveraging and position-reducing phase at the end of the year, and short-term rebounds are more often seen as opportunities to reduce positions than as new signals to increase them. Seasonally, liquidity tightens around Christmas, often suppressing the sustainability of market movements. The current key range for bulls and bears is roughly around $91,500, and the overall assessment remains that volatility will continue to converge; the probability of a strong breakout immediately after the FOMC meeting is relatively low.
