ChainCatcher message, the recent Bitcoin price is approaching the 100,000 USD mark, attracting widespread attention in the market. However, Bitwise Europe Research Director André Dragosch warns that a stronger dollar could become a resistance to further Bitcoin price increases. Historical data shows that Bitcoin typically performs weakly during periods of dollar appreciation, as a stronger dollar often accompanies tightening global liquidity, which may have adverse effects on Bitcoin's short-term trends.

In addition, the expectation that the Bank of Japan may raise interest rates in December has also raised market concerns. Analysts point out that the expectation of yen interest rate hikes may lead to unwinding pressure on 'yen carry trades', resulting in volatility for risk assets including Bitcoin. The rise in the Tokyo Consumer Price Index further supports this view, as Bank of Japan Governor Kazuo Ueda stated that the Japanese economy is moving towards wage-driven sustained inflation.