Matrixport: Bitcoin stabilizes in the short term, but market sentiment remains cautious ahead of the meeting.

According to an article published by Matrixport, as the FOMC meeting on December 10th approaches, market sentiment remains highly focused. While Bitcoin prices have temporarily stabilized, this is unlikely to be seen as the start of a new upward trend.

Current option pricing still implies approximately 5% downside potential, with funds continuing to hedge against potential pullback risks. At the end of the year, the market is generally in a deleveraging and position-reducing phase; short-term rebounds are more often seen as opportunities to reduce positions than as new buy signals.

From a seasonal perspective, market liquidity is typically tight around Christmas, which is unfavorable for sustained market strength. The current key level for determining bullish or bearish sentiment is roughly around $91,500. The overall probability scenario remains that volatility will continue to converge, and the likelihood of a strong breakout immediately after the FOMC meeting is relatively limited.