PalBTC Market Weekly Report -12.8 Weekly chart 1) As mentioned last time, there are two intervals here. Let's first look at the larger one, 745-1245, with an eq of 995 (which is also the annual vwap eq, an important resistance). We see a decline after plundering the high point of 1245, testing the weekly OB of the range L position. This is currently a rebound, and the rebound is a test of the EQ position. EQ refuses here, then continue to test range-l downwards. If eq breaks through and remains oscillating above, then be sure to continue moving upwards. 2) Let's take a look at the small range again, with K as the range for week 11.17. After inserting 8W ob, it has been oscillating for 2 weeks now. Last week, the needle was collected at 9W, which is also above EQ. Structurally speaking, it's still a good signal. I lean towards stabilizing at 9 W and looking up for a rebound. 3) The most important event of this week is the release of the Federal Reserve's FOMC interest rate decision and summary of economic expectations at 3:00 am on Thursday, the 11th. At present, it is basically certain that there will be a rate cut. The key now is the expectation of a rate cut next year. It depends on whether to continue trading pigeons, there is a chance to continue speculating on the expected rise. Daily chart 1) The market is fluctuating and rising, After plundering the high point of 931 and stepping back on EQ, the probability of continuing to rise here is still relatively high. 2) Keep looking up at the test of 931, stand firm on 931, then you can continue to look at 10W. Hour chart 1) The hourly chip structure went well, oscillating for 2 days on the weekend, then diving downwards to plunder, and then breaking upwards to form MSB, stepping back on EQ to continue upward. 2) The trend here is bullish. Currently, it is stable above 92. Let's take a look at 93 last week. 3) 93 94 is bearish here, with a breakthrough in OB, and then returns to stand firm at 93. Then continue to look at the 10W test. Like and follow, help me keep updating the daily report continuously Get real-time analysis perspectives, private chat into the group: http://t.me/pabuerbtc