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BlockBeats News, November 23, this week Bitcoin continued to decline from a high of $96,000, hitting a low of $80,600 around 20:25 on Friday, November 21 (UTC+8). That evening, several Federal Reserve officials delivered speeches releasing positive signals, reversing the market's previous view that "there will almost certainly be no rate cut in December." The earliest speech coincided almost exactly with the $80,600 low. Among them: New York Fed President Williams stated that given the current slightly tight policy, the Federal Reserve may still cut rates in the short term. The inflation process has stalled, but it is expected to reach the 2% target by 2027. Federal Reserve Governor Milan said that the impact of the non-farm payroll data released last Thursday was "clearly dovish," and insufficient data does not mean the Fed has no forecasts. Federal Reserve Vice Chair Jefferson also stated that he believes the current AI-related US stock rally is unlikely to repeat the crash scenario of the late 1990s internet bubble, mainly because today's AI-related companies are more mature and have real profitability. Federal Reserve's Logan said that the Fed's balance sheet is expected to resume growth soon. After several officials "collectively turned dovish" and reversed the situation, the three major US stock indexes opened higher, and Bitcoin simultaneously began to rebound. The market believes the probability of a rate cut in December quickly rebounded to above 70%. As of press time, Bitcoin's rebound has once broken through $86,000. Several market analysts and traders expressed the view that "the short-term bottom has appeared," among them: Well-known Chinese crypto analyst Banmuxia said that $80,500 can basically be confirmed as an important low point in this round of the bear market, and may even be the lowest point, but the bear market is not over yet, and the market may still undergo "bottom consolidation" in the future. Crypto trading indicator analysis platform CoinKarma pointed out that at the daily close of BTC on November 21, spot trading volume on multiple exchanges reached the highest recent levels, indicating significant turnover in the market. This kind of "large turnover and increased volume to stop the decline" structure is a typical short-term bottom signal. Placeholder VC partner Chris Burniske stated that the crypto market seems ready for a rebound, enough to make people bullish again, and then the next round of sharp declines will follow.