Matrixport: Bitcoin stabilizes in the short term, but pre-meeting sentiment remains cautious

Jinse Finance reported that Matrixport released its daily chart analysis, stating that as the December 10 FOMC meeting approaches, market sentiment is highly focused on related policy signals. Although bitcoin price has stabilized to some extent, it is still difficult to regard this as the start of a new upward trend. Option pricing currently still implies about a 5% downside risk, and capital is still hedging against a pullback. With the general trend of deleveraging and reducing positions at the end of the year, short-term rebounds are more often used as opportunities to reduce holdings rather than signals to increase positions. From a seasonal perspective, market liquidity tends to be tight around Christmas, and the sustainability of upward trends is often suppressed. The current long-short dividing line is roughly at the $91,500 level. In terms of probability, the baseline scenario remains that volatility will continue to converge, and the likelihood of a strong breakout immediately after the FOMC is relatively limited.