BTC's price action this week was truly a roller coaster ride.

After plunging all the way down from a high of $96,000, it crashed directly to $80,600 around 8:25 p.m. on Friday, November 21—this drop made many people start to doubt whether the bull market was over. At the time, the market consensus was that a rate cut in December? Don't even think about it.

But a dramatic twist happened that very night.

Almost at the exact moment the price hit the $80,600 low, Fed officials began making frequent statements. New York Fed President Williams was the first to speak out: "Current policy is indeed a bit tight, and a rate cut in the near term is still possible. Inflation may be stuck for now, but hitting the 2% target by 2027 shouldn't be a problem."

Next, Governor Mester followed up: "Thursday's nonfarm payroll data was clearly dovish, and just because the data is insufficient doesn't mean we lack predictive ability." Vice Chair Jefferson even brought up the AI boom, saying that today's AI stock rally is nothing like the internet bubble of the late '90s—back then, companies burned cash and told stories, but today's AI firms have real, tangible profitability. Logan directly previewed: "The Fed's balance sheet will soon start expanding again."

This round of collective dovishness from officials directly reversed market sentiment.

The three major US stock indexes opened sharply higher, and BTC began an all-out rebound. The probability of a December rate cut shot up from nearly zero to over 70% in no time. As of press time, BTC has rebounded to break through $86,000, a gain of more than 6%.

Many analysts and traders are now saying that a short-term bottom may have already formed. The well-known analyst Banmuxia's view is that 80