2025.12.7 Market Analysis Technical Analysis: No liquidity, basically moving sideways. Typical weekend market behavior: main players resting, volatility narrowing, with a rhythm dominated by small-range fluctuations. The real action will likely happen Sunday night with bigger moves—let’s wait for the evening! There’s also a chance of a pullback. For now, it’s recommended to stay flexible and play the “range game.” Macro Analysis: The most important event of the year is just around the corner—the Fed’s FOMC meeting on December 9-10-11, with the interest rate decision expected. Most likely, there will be a 25 basis point rate cut, a “priced-in positive.” Although the outcome is already clear, the real market game is just beginning. The market widely expects a 25 basis point cut, but this result itself is already hard to price in further. How this meeting will influence the trajectory of risk assets will largely depend on the degree of internal disagreement and the outlook for next year. The internal disagreements this time might be more intense than expected. A forced compromise by the opposition doesn’t equate to a unanimous decision for rate cuts and liquidity easing. At least in my view, there will definitely be a significant number of votes against the rate cut. Opposition could impact market sentiment, and since crypto heavily relies on sentiment-driven liquidity, a divided rate cut decision might not necessarily be a positive for the crypto space.