The encryption market next week will fluctuate due to a series of economic and financial data from the United States. The highly followed US non-farm payrolls data for November this week was better than expected, but not hot enough to prevent the Federal Reserve from cutting interest rates again later this month. The market has pushed the probability of a 25 basis point rate cut in December to around 90%. At the same time, more and more Fed officials are inclined to be cautious about rate cuts. The only important data in the next week that may affect the Fed's rate cut expectations in December is US inflation data. After the data shows that the US labor market is still strong but also showing signs of slowing down, Fed officials seem likely to cut interest rates this month, but the debate about the possibility of a pause in rate cuts next year is already on the table. Policymakers who spoke before the Fed's quiet period generally expect that the interest rate will continue to decline, while maintaining a cautious attitude towards the pace of rate cuts. The following are the key points that the market will focus on in the new week.

At 23:00 on Monday, the US wholesale sales monthly rate for October;

On Tuesday 0:00, the 1-year inflation expectations of the New York Fed in November in the United States;

On Wednesday at 21:30, US November CPI and Core CPI;
On Thursday 21:30, the initial jobless claims in the United States until December 7th; US November PPI annual rate, monthly rate;
On Friday at 1:00, the Federal Reserve released the account fund flow for the third quarter of 2024;
On Friday at 21:30, the US Import Price Index m/m for November.
After two days of large fluctuations in BTC, in the past 24 hours, BTC has entered a small oscillation phase, moving in the range of 98,000 to 100,000. Yesterday, the small bullish doji candlestick corrected at a high level. Although there was no further volume expansion, the retracement space was small. It was a strong long-term consolidation market, and there is still a possibility of building momentum for a higher level in the short term. On the four-hour timeframe, the price of BTC is recovering in a step-by-step manner, with consolidation and momentum building near 97,500. Overall, it is not a strong one-sided market yet. The price of BTC is accompanied by repeated testing of highs and pullbacks for confirmation, but the trend is upward. We should focus on following the trend and expect the continuation of the rebound in the short term, with a focus on the suppression of the recent rebound high.
Ether finally broke through the previous resistance and reached the expected level near 4000, with a pressure point near 4092. Currently, the price is oscillating near 4000 after a pullback and the trend has not broken through again. This oscillating trend does not need to be interpreted too much, as it is just oscillating in a range. After all, the rise and fall given last week was quite large, and it is just using the weekend to digest. Overall, it is still in a time-space correction method, with fragmented shadows and lights exchanging and alternating on the line, the space is narrowing, the trend is stable with a slight detour, and it is in the stage of consolidation and accumulation in the pump channel. The current market momentum is weak, and there is no significant counter-trend movement. The short-term pullback has not continued to deepen, indicating that there is still potential for climbing in the future. Therefore, in terms of strategy, it is recommended to buy at a low position, follow the overall trend, and maintain a bullish confidence.
Ethereum's breakthrough rally also boosted the trend of the AltCoin market. The trend of AltCoin still highlights the rotation of zones. AAVE rose to $291, approaching $300. XRP, SOL, HBAR, and LTC, which had a strong pullback a few days ago but had the expectation of SpotETF approval, have regained their upward momentum. This rally also occurred at the moment when many people were chasing the market and trapped and cut their losses. In addition, there has been a wild surge of popular chickens OL and MORPHO, so in the Bull Market of AltCoin, your operation must keep up with the rotation rhythm of zones.