According to TechFlow, on December 18, QCP Capital's latest analysis pointed out that the last Fed meeting in 2024 is about to be held, and interest rates are expected to be cut by 25 basis points. However, as US inflation is still above the 2% target and the job market continues to be strong, the meeting statement and dot plot may have a hawkish tendency. QCP predicts that there will be three interest rate cuts in 2025, but the Fed may be cautious about accelerating the pace of interest rate cuts.
In terms of the market, QCP pointed out that the liquidity of various markets is gradually declining, which may trigger price gaps and large-scale liquidations. Technical analysis shows that the Bitcoin daily chart has shown an Evening Star pattern and a bearish divergence signal. Nevertheless, considering that Trump may return to the White House in 2025 and other positive factors, QCP recommends that investors remain calm when the market pulls back and do not easily close their positions.
