This week's market, to be honest, feels like everyone is slacking off together—everything looks calm on the surface, but in reality, everyone is just waiting for the Fed's key move. Just look at the recent moves in the US stock market and Bitcoin: the volatility is absurdly low, as if someone hit the pause button. None of the new data releases have made any waves.

At this stage, I call it "meaningless time consumption." The real climax will come next Monday and Tuesday: the Fed's dot plot release, Powell's speech, and a barrage of economic data—only then will we see what really matters. Talking about a trend reversal right now? Way too early. At best, it's just a rebound and correction: this rebound after the drop from the 126200 high is larger than the previous one from 116400, but the nature hasn't changed.

Let's get to the point:

For BTC: 98000 is a critical level, both a psychological and technical resistance. If it can’t hold above this, the previous gains basically mean nothing; only after truly standing firm here can we talk about further reversal.

For ETH: I've emphasized before that its elasticity is stronger than BTC’s. The key now is whether it can break through 3660.

One more reminder, it's already December. That "cyclical pullback" around Christmas—just look at the historical K-lines and you’ll see, it happens every year.

Bottom line: if Bitcoin can’t hold the 100,000 defense line, the market will still be wandering in the risk zone; only if it stands firm there will we get a real bull market signal. Don’t rush—next week will tell us everything.