Crypto Year-End Consolidation: BTC Hovers Around 90K, Game Under the Dovish Aftermath of the Fed

After the Fed's rate cut in December, Bitcoin has experienced slight fluctuations in the past 24 hours, currently priced around $90,300, with a total market capitalization of approximately $1.80 trillion, and the overall market up 0.3%. Despite fluctuations in AI stocks dragging down the tech sector, BTC has held the psychological level of 90K, benefiting from the stabilization of ETF funds and the resilience of institutional holdings. The Layer2 sector has seen a slight lead, with the multi-chain token wXRP launching and injecting liquidity. Investors, are you still waiting for the 'Christmas rally' or preparing for winter?

The total market capitalization of the crypto market in the past 24 hours is $3.17 trillion, with a 24h increase of 0.3%. Bitcoin ($BTC ) is currently priced at $90,338, up 0.1%, while Ethereum ($ETH ) is around $3,125. Privacy coins and the Polkadot ecosystem are performing actively, with FOLKS surging by 228%. The total trading volume across the network is $9 billion, with a fear and greed index of 27 (fear zone), indicating low sentiment but no collapse. Hot topics include XRP wXRP launching on Solana/Ethereum, with liquidity exceeding $100 million; Coinbase is brewing a tokenization feature for US stocks.

In-depth Trend Analysis: Macroeconomic Aftershocks and On-Chain Stability

The Fed's rate cut cycle continues to favor risk assets, but the concerns over the AI bubble and the threat of interest rate hikes in Japan amplify volatility, with BTC showing a high correlation to the Nasdaq. On-chain data indicates that long-term holders maintain stable supply, with ETF assets exceeding $12 billion, and no large-scale sell-off from institutions. Capital is rotating towards RWA, Layer2, and privacy computing, indicating a narrative dominated by practical use cases in 2026. Overall, the market is in a 'de-leveraging recovery' phase, with leverage normalizing, but year-end liquidity is thin, which can easily lead to sudden events.

Future 4-Hour Direction Prediction: Mainly Sideways, Beware of Downward Moves

From a technical perspective, BTC's 4-hour RSI is neutral (around 45), with short-term support at $89,500 and resistance at $92,000. If US stocks stabilize, a consolidation in the range of $90,500–$91,500 is expected (probability 65%), with ETH adjusting slightly to $3,150. Conversely, low liquidity during the holiday could amplify selling pressure, pushing it down to $89,000 (probability 35%). Recommendation: Mainly observe, with a light long position stop loss at $89,800; high beta focus on XRP and Layer2. In the short term, there is no iron bottom; policy and sentiment are key. #加密市场观察