Analysis: The Fed's rate cuts and purchases of short-term Treasury bonds are beneficial to the crypto market, but liquidity remains weak at the end of the year.

According to options data analyst Adam@Greeks.live, the Federal Reserve's announcement of a 25 basis point interest rate cut and the resumption of purchasing $40 billion in short-term Treasury bonds sent a positive signal to the market. However, due to poor liquidity at the end of the year, the cryptocurrency market is experiencing low activity and insufficient bullish momentum. Options data shows that the biggest resistance level for BTC is $100,000, and for ETH, it's around $3,200. The mainstream view is that the market expects a slow decline, but the possibility of a reversal due to sudden positive news still needs to be guarded against.