QCP Capital: The Fed is expected to cut interest rates by 25 basis points, which may not have much impact on the crypto market
QCP Capital has analyzed that the last Federal Reserve meeting of 2024 will be held tonight, where a 25 basis point interest rate cut may be announced along with the final dot plot for this year. Although it is expected that the Federal Reserve meeting will not have a significant impact on the cryptocurrency market, it may cause a gap in volatility, which could lead to large-scale liquidation. In addition, the technical outlook for BTC also appears cautious, showing bearish divergence on the daily chart. If there is a decline, do not be shaken out, as 2025 is expected to be a potential bullish year for cryptocurrencies, especially under the Trump administration. Persistence may be beneficial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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