On December 19th Beijing time, the Bank of Japan announced a rate hike. Following this widely anticipated "drop of the shoe," the global markets responded with a "sell-off exhausted" pattern. Bitcoin responded accordingly, once again surpassing or stabilizing above 90,000, and rebounding alongside US stock index futures.

Market analysis generally believes that this rate hike was in line with expectations. The elimination of uncertainty has instead alleviated market anxiety. More importantly, analysts point out that the core policy of maintaining a "negative real interest rate" by the Bank of Japan has not fundamentally changed, and the accommodative monetary environment continues to provide long-term support for assets like Bitcoin.

From a technical perspective, after nearly a month of consolidation, this rebound is seen by some as a signal that the secondary bottom has been completed. Some analysts believe that the bulls are regrouping, and if the key resistance level of 95,000 can be effectively broken in the future, a stronger upward trend may begin, with a medium-term target around $100,000.

In the short term, the market direction will be influenced by a large number of options contracts expiring next week, which could increase volatility. However, this "rate hike rebound" undoubtedly injects a strong boost into the market at the end of the year.