Today, Bitcoin is mainly influenced by these factors: 1. Yesterday, the Federal Reserve announced a 25 basis point rate cut, but the dot plot shows fewer rate cuts next year than expected, which the market perceives as somewhat hawkish. As a result, the crypto market initially dropped and then rebounded, with BTC fluctuating around $92,000 to $93,000. 2. Approximately $4.5 billion worth of BTC and ETH options are expiring today. Historically, large expiry dates tend to amplify volatility, with both bulls and bears holding their positions tightly. 3. The US stock market's AI sector is still adjusting, with risk sentiment not high. Bitcoin, which is strongly correlated with the stock market, is being dragged along. 4. The US November PPI data will be released later this afternoon (around 9:30 PM Beijing time). If inflation is hotter than expected, it could reinforce expectations of rate cuts, which would be short-term bearish for BTC; if cooler, it could provide some support. Overall, volatility today is unlikely to be small. The 90,000 level will see bulls and bears fighting hard, so keep an eye on the PPI and options expiry as the market approaches close. #广场发帖领$50