On December 11th at midnight, the Federal Reserve is taking significant action. Will Bitcoin stage a tragic trap or a grand washout feast?

Stay calm, don't panic; impulsive actions can lead to huge losses! At 3 AM on December 11th, the Federal Reserve's interest rate meeting is about to take place, and the decision to raise or lower rates will soon be revealed. When Powell starts speaking at 3:30, the global financial markets are likely to be shaken!

Currently, Bitcoin is stuck around $91,000, and the 60-period moving average over 12 hours has become a major obstacle. Bitcoin has attempted to break through six times but has failed each time, which is quite frustrating! However, no matter how fierce this obstacle is, it cannot stop Bitcoin's progress; a breakthrough is just a matter of time.

There are two extremely exciting possibilities for the market going forward:

First, Bitcoin may fake a rise, pushing towards the $95,000 mark, a significant resistance level on both daily and weekly charts, luring greedy investors in, only to suddenly reverse and crash the market, staging a grand trap. If this happens, the subsequent market could become precarious.

Second, Bitcoin may first pull back to the range of $88,000 - $90,000, scaring off timid investors into fleeing, then riding the wave of the Federal Reserve's rate cut to surge upwards; this is what we call a washout. If this happens, the upcoming market could be worth looking forward to.

I still want to emphasize, do not act impulsively and go all in just because of a momentary excitement. Before 3 AM, let’s sit back and watch the show quietly. Once Powell finishes speaking and Bitcoin's price trend becomes clear, then we can act decisively to make steady profits!

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