The Fed is about to hit the pause button – the quantitative tightening policy that has lasted for three years may be coming to an end. What does this mean for the crypto market?

Recently, the market has provided an answer. From the end of November to the beginning of December, a flurry of positive news emerged, leading to successive rebounds in BTC and ETH. If the Fed truly stops QT next Monday, it will undoubtedly add fuel to the rebound.
However, it cannot be ignored that the risks of short-term benefits being fully realized are present.
From a technical perspective, before the interest rate cut window on December 10, the market is likely to maintain its strength. In terms of operations? Building long positions on dips might be a good idea. Remember the key support levels: Ethereum is holding the 2930 defense line, while Bitcoin has strong support at 89000 and minor support at 90000. Interestingly, BTC touched 90000 yesterday and started to rebound—friends who missed the opportunity, don't worry, observe whether there will be another chance in the next two days.
However, this rebound is essentially just a B wave correction.
According to Elliott Wave Theory: the drop from 120,000 to 80,000 is Wave A, the current rebound is Wave B (theoretical target range of 97,000-98,000), and then comes the real Wave C drop—at that time, the target may aim directly at 50,000-60,000.
This set of scripts has been unfolding since September, and the current progress is basically in line. If wave C really arrives, it will be the best time to position. After all, the profits of a bull market are all derived from the declines of a bear market.
By then, we may see SOL at $50 and ETH at $1500. Hold the chips and wait for the cycle to turn.