The Fed drama will begin tonight. Can the crypto market remain calm?
QCP Capital's interpretation: Tonight's Fed meeting may usher in the first interest rate cut in 2024 - 25 basis points, plus the final dot plot. Although this finale will not directly shake the crypto market, be careful of large-scale liquidations caused by gap fluctuations!
The technical side is not strong either: the bearish divergence of the BTC daily chart is becoming more and more obvious, and market sentiment is extremely cautious. But don't panic! Even if there is a short-term decline, the potential bull market in 2025 is the ultimate highlight. Especially in the context of Trump's expectations of taking office, this round of shocks is just foreplay, and the main uptrend is still behind.