Tonight is the last interest rate decision of the year. In addition to announcing whether there will be a rate cut in December, the latest version of the dot plot will also be released. With Christmas approaching, how will Bitcoin and Ethereum perform?
It is basically 99% certain that a rate cut will happen. The key focus will still be on Powell's speech and the latest version of the dot plot. Based on past experiences, Powell's speeches have generally been dovish, but this time it is uncertain whether he will make some hawkish statements. Another aspect to consider is whether there will be significant differences compared to September, as the dot plot from September indicated an expected total rate cut of 100 basis points next year, which is not a significant difference. Therefore, the market can be said to remain stable.
With Christmas approaching, Old Liu predicts that the Christmas market generally has two scenarios. One scenario is that it moves north in the week before Christmas, and after Christmas, the big players start to reel in. The other scenario is that it moves south in the week before Christmas, and after Christmas, it pulls up strongly. Based on historical data, there are more instances of moving south before Christmas.
Pay attention ⚠️ Therefore, it is crucial to know which way the wind will blow this week. The unfolding of which scenario will depend on how the big players perform. Brothers, which scenario do you think will be more impactful on interest rates? Discuss in the comments!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
