**[Bitcoin Rebounds After Hitting a Low of $80,600, Analysts Suggest a Short-Term Bottom May Have Formed]**
At 8:25 PM (UTC+8) on November 21, Bitcoin dropped to a low of $80,600. That evening, several Federal Reserve officials delivered speeches signaling positive news, raising market expectations for a December rate cut to over 70%. New York Fed President Williams, Fed Governor Milan, Vice Chair Jefferson, and Logan all shared related views. Subsequently, the three major U.S. stock indices opened higher, and Bitcoin rebounded, breaking through $86,000. Analyst Banmu Xia believes $80,500 could be a significant bear market low. CoinKarma pointed out that daily trading volume indicates signs of a short-term bottom, while Placeholder VC partner Chris Burniske stated that the market may be ready for a rebound.