On December 19, 2023, the Federal Reserve announced a rate cut of 1 basis point and hinted at a slowdown in the pace of rate cuts, which triggered cautious sentiment towards risk assets in the market. Although both the US stock market and Bitcoin experienced declines in the short term, Bitcoin's long-term upward potential remains supported by various factors, including gradual support from the policy environment, increased participation from institutional investors, and continuous breakthroughs in blockchain technology. After experiencing a significant short-term correction, Bitcoin's price trend remains full of uncertainty.