PANews reported on December 8th that Matrixport noted in today's charts that with the FOMC meeting approaching on December 10th, market sentiment is highly focused on related policy signals. While Bitcoin prices have stabilized somewhat, it's difficult to consider this a new round of upward movement. Option pricing still implies approximately 5% downside, with funds still hedging against pullback risks. Given the general trend of deleveraging and position reduction at the end of the year, short-term rebounds are more likely used as a window for reducing positions than as a new signal to add to positions. From a seasonal perspective, market liquidity tends to be tight around Christmas, which can suppress the sustainability of upward trends. Currently, the key level between bulls and bears is roughly around $91,500. Statistically, the baseline scenario remains that volatility will continue to converge, and the likelihood of a strong breakout immediately after the FOMC meeting is relatively limited.PANews reported on December 8th that Matrixport noted in today's charts that with the FOMC meeting approaching on December 10th, market sentiment is highly focused on related policy signals. While Bitcoin prices have stabilized somewhat, it's difficult to consider this a new round of upward movement. Option pricing still implies approximately 5% downside, with funds still hedging against pullback risks. Given the general trend of deleveraging and position reduction at the end of the year, short-term rebounds are more likely used as a window for reducing positions than as a new signal to add to positions. From a seasonal perspective, market liquidity tends to be tight around Christmas, which can suppress the sustainability of upward trends. Currently, the key level between bulls and bears is roughly around $91,500. Statistically, the baseline scenario remains that volatility will continue to converge, and the likelihood of a strong breakout immediately after the FOMC meeting is relatively limited.