The calm state of the market is actually reasonable because the fundamental factors have already been digested by the market in advance. In this case, it is expected that the price would first adjust, directly falling to around 1200 during the early morning hours. Although the timing of this drop was slightly earlier, the overall trend is still within expectations.

It is worth noting that the current fundamentals are not entirely negative, and the two expected interest rate cuts this year remain unchanged, although the timing of implementation may be delayed. This factor actually provides a certain degree of support for market sentiment, preventing a more significant fall. The price trend of Bitcoin continues to be influenced by these macro factors, and investors should closely monitor subsequent policy developments and market reactions.