Last Friday, Williams announced his support for the Fed cutting interest rates in December. On Monday, Waller and Daly also made statements supporting a December rate cut. Waller doesn’t even need to be mentioned—he’s already one of Trump’s people. Now that Daly is on board with rate cuts, it’s even better news for the market. After all, this recent downturn started when Powell announced there wouldn’t be a rate cut in December, coupled with the U.S. government shutdown. Now that the shutdown is over, liquidity is gradually returning. The key point is that the doves supporting rate cuts now make up more than half. According to CME’s prediction data, the probability of the Fed cutting rates in December has already exceeded 85%. So, the market is gradually warming up. Not only is the U.S. stock market rising, but BTC is also just a step away from $90,000. This week is Thanksgiving and Black Friday, mainly the first three days. After that, we can take a break—hopefully, no unexpected surprises. Some friends asked about filling the gaps. Recently, the gaps in BTC and ETH have been filled, except for a small one that’s only a few dollars, which doesn’t really count—it’s too minor. So, it’s safe to say there are no gaps left. Looking back at Bitcoin’s data, the turnover rate has dropped to a more normal level as of Monday. Investor sentiment has significantly improved. Although expectations for the Fed have turned more positive, the bigger issue for the December FOMC meeting might be the dot plot and the potential rate cuts in January 2026. As of now, the 2026 dot plot is expected to be higher than the two in September, which is a positive sign. But if Powell takes a hard stance on the 2026 outlook, there could still be trouble. Yesterday, Coinbase updated its wallet, which caused significant fluctuations, leading to an $85,000 increase. However, the structure of loss-making chips hasn’t been affected, and the support level remains intact. The probability of returning to the support level is still quite high. Bitget VIP—lower fees, bigger perks!