Crypto Market Turns Cautious

🔲In mid-December, Bitcoin is trading around $89,500, retreating from recent highs. Analysts note that the bullish impulse triggered by the Fed’s rate cut and the resumption of bond purchases proved short-lived. Rising expectations of tighter policy from the Bank of Japan have led to the unwinding of carry trades and capital outflows from risk assets, including cryptocurrencies.

🔲From a technical perspective, the picture remains restrained. The $94,000 area stands as key resistance, while support near $87,800 appears increasingly fragile. Without a decisive upside breakout, Bitcoin is likely to remain range-bound and highly correlated with the performance of the U.S. technology sector. The coming days will test the resilience of demand and overall investor sentiment.