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BTC overall judgment on December 12, 2023:
Overall, BTC has shown a certain negative trend recently. The main reason is that although Bitcoin will perform strongly in 2023 as a whole, it has recently experienced a significant decline, indicating that there is some profit-taking behavior and market correction in the market. At the same time, recent large position liquidations and market instability have also heightened uncertainty in the short term. While longer-term bullish factors remain, such as the regulatory outlook and monetary policy expectations, the short-term market reaction to these positive news appears to have been priced in. Therefore, judging from recent market dynamics, Bitcoin has shown a relatively obvious negative trend.
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