最新报道：According to Bijie.com, on December 2nd, the US November ISM Manufacturing PMI came in at 48.2, remaining in contraction territory for the ninth consecutive month. The market's anticipated recovery failed to materialize, further solidifying expectations of interest rate cuts. Simultaneously, market concerns about recession risks have resurfaced, increasing uncertainty about the economic outlook. Meanwhile, Trump is accelerating his internal plans, and the "shadow effect" of the new Federal Reserve Chairman is becoming apparent ahead of time. The market worries that forward guidance for monetary policy will be caught in a state of confusion with two core signals in the next six months, potentially leading to significant fluctuations in the dollar and interest rate expectations. Amidst this mix of macroeconomic and policy noise, the cryptocurrency market experienced renewed volatility last night. BTC rebounded from its lows to around $87,000 overnight, but the overall structure remains in a weak recovery phase. Short-term focus is on whether it can break through the dense resistance at $88,000. If it fails to hold above this level, the price may retest the support at $85,000. Liquidity distribution data shows that current hotspots are concentrated at three major liquidity nodes: $88,000 for short liquidation and $85,500 and $83,800 for long liquidation. Short-term volatility risk remains high. If policy uncertainty continues to escalate, BTC may continue its range-bound trading, with liquidation driving its directional choice. $88,000 is a key level for a short-term breakout, while $85,000 and $83,800 serve as two support levels. Bitunix analysts believe that US monetary policy is entering an unprecedented transition period. The uncertainty surrounding the "shadow chairman" and the inflation path puts multiple repricing pressures on the market in the coming weeks. BTC's short-term direction still depends on the interaction between liquidation density and macroeconomic sentiment. It is recommended to use fund flows, increased volatility, and consistency with policy signals as the main interpretive framework to capture subsequent structural breakouts.