Market Overview

- Interest Rate Expectations: According to CME's 'FedWatch', there is an 88.8% probability that the Federal Reserve will maintain interest rates in January, with an 11.2% probability of a 25 basis point rate cut.

- U.S. Stock Market Dynamics: Last Friday, U.S. stocks rebounded. Trading was shortened last week due to the holiday, and investors are hoping for a rate cut from the Federal Reserve next year. On January 20, Trump will take office, and the new government may push for relaxed regulatory policies, leading to strong bullish sentiment in the cryptocurrency market.

- Daily Technicals: The price has risen above the 30-day moving average, the 5-day moving average has crossed above the 10-day moving average, MACD has a bullish crossover, KDJ's bullish crossover is amplifying, and the 7-day RSI has risen above 62, greatly increasing short-term bullish opportunities. Low-level buying aligns with signals, and pay attention to the 100,000 integer level for potential spikes.

- Resistance and Support: On the upside, initial resistance is at the 100,000 integer level, with further resistance near the high points of 102,538 around the 12th to 13th;

On the downside, initial support is near the 5-day moving average at around 97,713, and further support is near the 10-day moving average at around 95,933.

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