The actions in the early morning aligned with last night's expectations, with overall price declines. Although hawkish news regarding the pace of interest rate cuts next year and even Powell's denial of BTC as a strategic reserve issue have emerged, everyone with clear insight knows that such hawkish bearish sentiment is only effective in the short term. Once Trump safely takes office, all expectations and plans will inevitably be readjusted.

When the chess players change, the style of play and the pieces must also change. Therefore, this hawk can only bring short-term negative effects, and the market may quickly digest these hawkish factors.

Currently, the overall assessment does not see too many pessimistic bearish factors; however, in the short term, there is still a certain degree of suppression effect on BTC bulls. Tonight, we will observe the rebound situation in the U.S. stock market, and over the weekend, we will look at the performance of altcoins.