#以太坊行情技术解读 The Federal Reserve suddenly took action, cutting interest rates by 25 basis points and simultaneously launching a $40 billion short-term government bond purchase plan. Once these moves were announced, the circle immediately exploded—voices calling for a "liquidity flood" rose wave after wave. But listen to what analyst Adam from Greeks.Live has to say: don’t celebrate too quickly; restarting QE does not mean a bull market is imminent.

He listed three solid reasons. First, liquidity at the end of the year is really shrinking. With Christmas holidays and year-end closing, market activity has seriously declined, trading is extremely light, and there’s little interest in pushing the market higher. Second, options data never lies—more than 50% of positions expire at the end of December, directly reflecting the market’s true expectations. The pain points for BTC are around $100,000, and for ETH about $3,200, indicating that short-term volatility has been severely compressed, making large surges or drops unlikely. Additionally, the overall sentiment in the crypto market does feel a bit sluggish; buying momentum is notably weak, and a "gradual decline" might actually be the theme of the year-end.

That said, the market is most afraid of black swan events. The market seems dead, but that actually means risks are accumulating. If suddenly there’s a major positive catalyst (such as new regulatory actions or institutional giants entering the market), it could instantly trigger a rally. So right now, the most important thing is to stay alert and keep your seatbelt fastened.

$BTC $ETH $ZEC@What do you think about this situation? Is the year-end a rare opportunity to scoop up bargains, or is it a slow, painful bleed? Share your thoughts in the comments.