Matrixport: Bitcoin encountered resistance at the key $92,000 level, and its upward momentum has clearly slowed.

On December 1st, Matrixport released its daily analysis, stating that Bitcoin's price encountered resistance at the key $92,000 level, with upward momentum slowing significantly. Despite widespread market expectations that the Federal Reserve will initiate an interest rate cut next week, related ETFs saw only minor net inflows, indicating overall weak liquidity. Meanwhile, signals of tightening monetary policy from Japan exacerbated market anxiety, with the yield on 2-year Japanese government bonds breaking 1% for the first time since 2008, prompting investors to reassess the consistency of easing measures among major central banks globally. Analysts believe that even if the Fed releases dovish signals, it will be difficult to offset tightening expectations in other economies, and the overall policy environment remains tight, prompting institutional investors to continue reducing their Bitcoin exposure.