According to BlockBeats, on December 18, QCP released its daily market watch, saying that the last Federal Reserve meeting in 2024 will be held tonight. It is expected that the Federal Reserve will cut interest rates by 25 basis points at this meeting and announce the final dot plot for this year.
We expect tonight's statement and dot plot to have a slightly hawkish tone, reflecting stable US inflation above the Fed's 2% target and a strong labor market. The statement is expected to again remain ambiguous on the path of rate cuts through 2025, emphasizing the difficulty of accelerating rate cuts. Meanwhile, the dot plot is expected to suggest 3 rate cuts in 2025.
Although we expect the Federal Reserve meeting will not have a significant impact, liquidity across all markets has been slowly declining. This may lead to volatility and could result in large-scale liquidations. The technical outlook for BTC also appears cautious and shows bearish divergence.
If there is a decline, do not waver in your position. The year 2025 could be a potential bull year for cryptocurrencies, especially if Trump comes to power, so holding on may prove beneficial.
