#BTC☀
《Interest Rate Announcement Period — Current Market Analysis》
Bitcoin breaks through, altcoins decline slowly, step by step testing people's patience. This has been the market situation for the past half month. Whenever a breakthrough shows up, it gets suppressed. Since the last correction, the market recovery is still ongoing, and with the continuous influx of new projects recently, it has led to a sluggish overall market.
As of December 18, the previous Federal Reserve interest rate was 4.75%, with a market expectation for a 25 basis point rate cut, adjusting it to 4.5%. Based on the data from the past month, this expectation is still easily achievable. If a 50 basis point cut occurs, bringing the interest rate down to 4.25%, it would usher in a nice rebound in the market.
Currently, the overall market is sluggish, and being trapped is indeed uncomfortable. However, there is no need for excessive anxiety, and we must not cut losses. The bull market is still on. Although assets are decreasing during this period, our chips are increasing. When the market warms up and a broad rally arrives, everything will come back.
Continue to follow Taco. At three in the morning, the Federal Reserve will announce the interest rate, and we will post updates on the latest information immediately. During these few hours, there will be considerable volatility, so caution is advised when opening positions to avoid risks.
