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Gate Square New & Returning Creator Rewards are ongoing!
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🔥 $ETH December Upgrade + Rate Cut Hype — Bullish Sentiment Brewing?‼️
Ethereum is gearing up for its December network upgrade, while the market buzzes with talk of potential interest rate cuts. This combination could spark another bullish wave next week.
🟢 Key points to watch:
🔸 $BTC Funding Rate: Currently negative, indicating heavy short positioning — many traders are betting bearish.
🔸 Market Implication: Extreme bearish sentiment often signals the top hasn’t been reached yet, leaving room for a rebound.
🔸 Strategy: Keep an eye on recovery opportunities and consider dollar-cost averaging for long-term short positions if a bounce occurs.
Next week could be crucial for both $ETH and $BTC — traders should watch key levels and sentiment shifts closely.
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