《The Federal Reserve will stop tapering tomorrow! Is this rebound in Bitcoin the last chance to escape the top?》
Tomorrow, the Federal Reserve will officially announce the end of QT, with many positive factors piling up from late November to early December. One of the driving forces behind this rebound in BTC and ETH is this. However, it is important to be cautious of the small risks when good news is fully absorbed. Overall, the sentiment is leaning strong before the interest rate cut on December 10, so it's advisable to buy on dips in the short term: ETH looks at support at 2930, with BTC strong support at 89,000 and minor support at 90,000 (yesterday it bounced at 90,000, if you missed it, wait for a pullback to enter again).
This is a 2-3 week B wave rebound driven by the Federal Reserve's interest rate cut, and it is also the last chance to escape the top — the main downward wave of the bear market has not yet ended. According to Elliott's five-wave theory, BTC at 128,000 is the A wave drop, and now the target for the B wave rebound is 97,000 to 98,000, followed by a C wave drop straight to 50,000 to 60,000 (mentioned in last week's review).
This model was discussed back in September, and now the current trend matches perfectly. The best entry point will be after the C wave drop: at that time you could see SOL at 80 and ETH at 1500, holding on to wait for the bull market to multiply 5-10 times is not difficult~
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