Content of the article:
After reaching a record high of over $108,000 in December, Bitcoin is currently under short-term downward pressure due to changes in macroeconomic conditions and market sentiment. Factors such as a strong USD, increased volatility, and traders' caution have caused
$BTC 's upward momentum to stall.
The main cause of short-term pressure
1. The strength of the USD:
The USD, measured by the Dollar Index (
#DXY ), has risen sharply even though the U.S. Federal Reserve (Fed) cut interest rates by 25 basis points in mid-December. This unexpected price increase has broken long-standing resistance levels, making it difficult for analysts to explain.