Tomorrow at 3 a.m., the Federal Reserve's December meeting minutes will be released. How important is this document? Simply put — it can determine the upcoming rhythm of Bitcoin's price movements.

Here are three key signals to watch: first, how nervous officials are about the rebound in inflation; second, how long the pause in rate cuts will last (a quarter or longer); third, the proportion of hawkish versus dovish voices internally.

You can think of it this way: if the rate decision the day before yesterday was the final verdict, then tomorrow morning's minutes are the deliberation process of the jury. Currently, the market assigns less than a 20% chance to a rate cut in January, which is quite pessimistic. But if the minutes reveal that officials are more worried about inflation than expected, that last bit of hope will be shattered, and Bitcoin buying momentum will weaken further.

Conversely, if the minutes hint at any signs of accelerated rate cuts around mid-2026, the market could rally around the year-end. Otherwise, the year's close is likely to be a subdued, declining session with lower volume. At 3 a.m. tomorrow, the decision-making power lies in these minutes.