$BTC is currently still in a triangular consolidation range. The left side order range given on the 12th is 88000～85000. This morning, the lowest dipped to 87500. To continue upwards, it needs to recover above 90,000. From the perspective of the US dollar index, the daily level has completely broken below the moving average, which is good news for the crypto market. The fundamentals of Bitcoin have not changed; the short-term decline is due to some other negative news. As long as the US dollar index cannot form a daily bullish trend, I believe the Bitcoin bull market is still on.

Bitcoin appears to be forming a 'double bottom' around $92,000, and technical indicators are also starting to show a bullish divergence. However, before the 'gray rhino' of the central bank's decision on December 19 comes crashing in, every rise in the market could be a carefully designed liquidity grab.
1. Current Situation: The Calm and Temptation Before the Storm
As of December 12, 2025, the BTC price hovers around $92,445. The daily KD golden cross and RSI rising seem to hint that a rebound is imminent.
But this is precisely the most dangerous moment in the market - the 'macroeconomic vacuum period'.