Combining the news information regarding the virtual currency market crash on December 1, regulatory dynamics, and technical indicators, it is highly likely that the cryptocurrency sector will maintain a weak oscillation pattern in the short term. Mainstream coins may experience a technical rebound but are unlikely to change the weak trend, while altcoins continue to decline. The Federal Reserve's policy meeting and other events will become key variables in the subsequent market trends. Specific predictions are as follows:

1. Bitcoin (BTC): In the short term, it is highly likely to oscillate in the range of $85,000 - $90,000, with some opportunities for a technical rebound, but the space is limited. On one hand, its RSI index has reached 29.23, entering the oversold area, which means a slight rebound may occur in the short term; on the other hand, the crash on December 1 elevated market panic to a six-month high, and the key support level is between $86,000 - $85,500. If it breaks down, it will likely drop to $83,000 or even $80,000. Resistance is concentrated between $90,000 - $95,000, and breaking through this level is extremely difficult. However, according to seasonal patterns, Bitcoin has an average return rate of 11.5% from Thanksgiving to Christmas. If it can hold the support level, there may be a wave of corrective movement, but the current rebound is primarily driven by short-covering, and its sustainability is questionable.

2. Ethereum (ETH): The trend will continue to be linked to Bitcoin, showing a weak rebound and susceptibility to adjustments. Its 4-hour price level has broken below the lower Bollinger Band, and the MACD bearish energy continues to expand, indicating a weak technical outlook. On December 1, it fell sharply from around $3,020 to approximately $2,830. In the short term, it is crucial to focus on the support near $2,860. If it can stabilize, it may attempt to rebound to the $2,950 - $2,960 area; if it effectively breaks down, it will likely drop to $2,750, and may even test around $2,600 later. In terms of operations, the mainstream strategy is to short on short-term rebounds, with strong resistance at $2,960 and $3,030.

Overall, in the short term, the cryptocurrency sector is influenced by the joint regulatory framework of 13 departments, market panic sentiment, and the conflicting flow of institutional funds, making it difficult to see a significant upward trend. The result of the Federal Reserve FOMC meeting on December 10 is likely to become a key factor in changing the current market landscape. If interest rate cut expectations materialize, it may provide support for risk assets like cryptocurrencies; conversely, it may trigger a new round of declines. $BTC #ETH走势分析