From a macroeconomic perspective, this week will welcome the last super central bank week of the year, especially the interest rate decisions from the United States and Japan are worth paying attention to. Regarding the Federal Reserve, due to the CPI inflation data meeting expectations, the market generally anticipates that the Federal Reserve will cut interest rates by 25 basis points early Thursday morning. The CME market probability has already shown that the likelihood of a rate cut is as high as 97%. However, this rate cut has almost been priced in by the market in advance, so going forward, the market's focus may be more on Powell's speech and the outlook for the January FOMC meeting.
As for Japan, although the last rate hike by the Bank of Japan led to significant fluctuations in the crypto market, the likelihood of a rate hike this time is low. The recent statements from Bank of Japan Governor Kazuo Ueda have leaned dovish, indicating a lower possibility of a rate hike. This judgment has also been widely recognized by the market, so the BOJ's decision may not have a significant impact on the market.
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