FOMC minutes released tonight, can precious metals continue their rebound? Can Bitcoin break through the 91K level?

Federal Reserve Policy Minutes May Trigger Market Reshuffle

At 3:00 a.m. today, the Federal Reserve will release the minutes of the December monetary policy meeting. This document is expected to further reveal significant disagreements among decision-makers regarding the short-term policy direction. The market believes that the hawkish or dovish tone of the minutes will directly influence the USD trend—if leaning hawkish, it will weaken rate cut expectations and benefit the dollar; conversely, a dovish stance will suppress the USD.

Slight Stock Market Gains Hide Divergence, Tech Stocks Perform Differently

Before the opening of U.S. stock futures on December 30, the market saw slight increases. As of 4:40 a.m. Eastern Time, Dow futures rose 0.01%, S&P 500 futures increased 0.04%, and Nasdaq 100 futures gained 0.05%. On the stock-specific level, NVIDIA (NVDA) dipped 0.03%, Tesla (TSLA) rose 1.02%. Baidu (BIDU) surged nearly 5% in pre-market trading, boosted by news of expanding its autonomous vehicle business in the UK.

Commodity Markets Volatility Intensifies, Precious Metals and Crude Oil Rise Together

Yesterday, precious metals experienced a sharp decline, with gold dropping over 4% and silver plunging 9%. The main drivers were increased margin requirements by the CME, profit-taking waves, and liquidity tightening during the holiday season. Today, the market corrected in the opposite direction, with gold rising 0.94% to $4,373 per ounce, and silver increasing 3.44% to $74.61 per ounce. From a long-term perspective, both still have room for further gains.

Geopolitical tensions also supported oil prices, as the U.S. launched a drone strike on a port in Venezuela, and there were new developments in the Russia-Ukraine conflict. WTI crude oil rose for the second consecutive day, up 0.81% to $58.27 per barrel; Brent crude increased 0.72% to $61.69 per barrel.

Bitcoin Tests $90,000 Repeatedly, Short-term Key Level Emerges

Bitcoin is currently fluctuating around $87,000, with the latest price at $91,150, up 1.30% in 24 hours. It previously touched $90,000 yesterday, which has become an important reference point for short-term traders.

From a technical perspective, the overall market remains within an expanding wedge pattern. Multiple rejections at lower prices indicate weakening downside momentum. To regain upward control, bulls need to first break through the $91,400 resistance level and then stabilize above the psychological level of $94,000, which could trigger a new upward rally.