The three major U.S. stock indexes collectively closed higher, with the Dow Jones Index rising by 1.43%, the S&P 500 Index increasing by 0.91%, and the Nasdaq Composite Index up by 0.67%. The performance of large tech stocks was mixed. According to CME's "FedWatch": the probability of a 25 basis point rate cut by the Federal Reserve in December is 84.9%, while the probability of keeping the interest rate unchanged is 15.1%. The cumulative probability of a 25 basis point rate cut by the Federal Reserve by January next year is 66.4%, with a probability of 11.1% for keeping the interest rate unchanged, and a cumulative probability of a 50 basis point rate cut at 22.6%. On Tuesday, the cryptocurrency market continued its weak and volatile pattern, focusing on Yibo to grasp real-time cryptocurrency dynamics! Don't miss the upcoming "Christmas" market.

Bitcoin surged to 89179 in the early session but faced pressure and fell back, hitting a low of 86628. After a brief stabilization and rebound, it failed to maintain the upward momentum; in the afternoon, it started a downward trend again from 87722, with the lowest point dropping to 86129. Throughout the day, both rounds of decline did not break through the 86000-86600 range, where there is clear buying support, laying a solid foundation for subsequent price movements. From the current market view, the daily chart shows a continuation of the bullish trend, with candlesticks maintaining a clear upward pattern, ample bullish momentum, and sustained upward energy release. After sufficient oscillation and consolidation at the four-hour level, the lows are gradually rising, forming a stair-step upward structure, with multiple bottoms establishing strong support. Currently, the energy accumulation has completed and is restarting the upward movement, with short-term moving averages forming a golden cross and MACD expanding above the zero line, releasing positive signals from a technical perspective. The intraday surge and fall are a normal adjustment for earlier profit-taking and have not shaken the bullish foundation. The steady upward movement on the daily chart and the bottoming restart on the four-hour chart create a multi-cycle resonance, solidifying the bullish pattern. Moving forward, a bullish mindset can be maintained, relying on key support for positioning while strictly controlling positions and managing risk.

After Ethereum reached a high of 2986, the synchronized momentum weakened, oscillating down to a low of 2855 before rebounding. The low of 2855 has become a short-term turning point and has established a key support base. The four-hour chart shows a positive shift in market structure: after multiple rounds of oscillation, the lows continue to rise, forming a solid support zone in the 2855-2880 range, which not only absorbs the downward risks but also accumulates bullish strength. Currently, the market has started a strong upward attack, with prices approaching previous highs, and the volume-price combination is healthy. The current increase in volatility is a normal oscillation in the early stages of the bullish initiation, which is an inevitable process of digesting short-term profit-taking and trapped positions. Overall, Ethereum is still in a phase of bullish accumulation followed by acceleration, with expectations of a pullback continually decreasing and a significant transition from weak to strong characteristics. In terms of operational strategy, it is recommended to follow the bullish trend to lay out long positions on pullbacks. After the oscillation builds a base, the bullish trend is established, and the current volatility is a normal adjustment within the trend. Investors can seize the opportunity to layout on pullbacks, ensuring good risk control and following the trend. Attention should be paid to the strength of the breakthrough at previous highs and the coordination of trading volume, with dynamic strategy adjustments.