12.11 Briefing

BTC Price: Around 90000

Technical Analysis:

Last night, Trump delivered a significant speech. The market originally expected him to release more crypto-friendly signals, but the overall focus was macroeconomic and political, without substantial policy details. The result is that the emotional rally did not last; after a midnight surge, BTC fell back down and is now close to 90,000, forming a clear pattern of profit-taking in the short term.

From the chart, BTC's sharp drop last night pushed it back below MA25, and MA99 was also pierced, indicating a clear weakening of bullish short-term strength. Before policies are truly implemented, the market seems to be expressing through price: wait and see. We are currently in a typical phase of returning to rationality after the end of news-driven stimulus, and short-term fluctuations may continue, requiring patience for a true catalyst.