Why did Bitcoin fall back last night?

After the baptism of December, Bitcoin once again stood at the 100,000 point mark. Everyone thought that it would rise again before the New Year, but it fell back by 6,000 points yesterday.

Today I will summarize the reasons for this pullback:

First, the probability of Bitcoin becoming a strategic reserve within 100 days of Trump taking office is very small

Second, there are only 12 days left before Trump takes office, but Trump may be sentenced before taking office as the US president

Third, Trump's press conference last night proposed a number of amazing strategies.

Fourth, US employment data was better than expected, and service industry inflation accelerated. In November, the number of JOLTS job vacancies in the United States unexpectedly increased by 259,000 to 8.098 million. The ISM non-manufacturing PMI rose from 52.1 in November to 54.1, and the price index rose from 58.2 in November to 64.4, a record high in 11 months, suggesting that inflationary pressure still exists.

The two data depressed the market's expectations for interest rate cuts. The market expects that the Fed will not cut interest rates in January with a probability of more than 95%. It is expected that the Fed will only cut interest rates by 37 basis points in 2025, which is lower than the two interest rate cuts predicted in the Fed's dot plot. Some institutions speculate that there will be no interest rate cuts before July. After the data was released, the US dollar strengthened, US stocks, bonds, and cryptocurrencies all fell, and gold gave up its earlier gains.

Fifth, US stocks fell last night and the stocks of listed companies in cryptocurrencies fell last night

These reasons combined to cause the market to fall again last night

Many analysts have previously analyzed that the big cake will fall back to around 85,000. This is not impossible. Experts may not be right, but they will not be aimless.

If there is no effective support for cryptocurrencies when Trump comes to power, the crypto market will also cause panic.

During this period, everyone should stop when they see good results and don't be greedy. If you really want to operate, it is better to look at the spot of the AI ​​sector

Personal opinions are for reference only #加密市场回调