The Federal Reserve will announce its December rate decision at 3 a.m. this Thursday, and the market is betting on a rate cut. However, I think this positive factor has actually already been priced in—you can see the rate cut expectations have risen from 30% all the way to 80%. Even if the cut actually happens, how much room is left for further upside? That's why I haven't been too optimistic about short-term coin prices.

The rebound from 80,600 to now has a lot of people calling for more upside, but in my view, this looks more like a corrective rebound rather than a strong upward trend. Even if prices get a boost from the rate decision news, it's most likely a bull trap rather than the start of a one-sided rally. My view remains unchanged: the overall picture for Q4 is a wide-ranging consolidation at high levels.

From a technical perspective, prices have indeed been climbing amid volatility recently. On the hourly chart, there have been multiple spikes and pullbacks, but closing prices are inching up. On the daily chart, there have been consecutive bullish closes, and last night's and today's rebounds were quite strong, making up for some of the ground lost in the previous drop.

The MACD histogram on the hourly chart is showing continuous expansion, with bullish momentum increasing, and both DIF and DEA are diverging upwards. On the daily chart, the golden cross has continued the uptrend. As for RSI, the hourly is hovering around 60, not yet overbought but still showing strength; the daily RSI quickly jumped from below 50 to above 57, confirming the market's bullish bias. Looking at moving averages, EMA7, EMA30, and EMA120 on the hourly chart are in a bullish alignment. Short-term support is at EMA7, and medium- to long-term support is at EMA30 and EMA120.

Here are some specific trading ideas:

For BTC, if the price returns to the 93,000-92,000 range, consider entering a short position with a stop loss above 94,000 and a target of 90,200-89,200. If it drops to around 89,000-90,000, you could try a long position, with a stop loss below 88,000 and a target of 91,700-92,700.

For ETH, you can set up a short around the 3,180-3,140 range, with a stop loss above 3,230 and a target of 3,060-3,010. If it dips to the 3,010-3,050 area, you could go long, with a stop loss below 2,960 and a target of 3,100-3,150.

Of course, these are just my personal views and strategy suggestions. The market changes quickly, so specific actions should be based on real-time conditions. Trade at your own risk, and don't blindly follow others.