QCP Capital has analyzed that the last Federal Reserve meeting of 2024 will be held tonight, where a 25 basis point interest rate cut may be announced along with the final dot plot for this year. Although it is expected that the Federal Reserve meeting will not have a significant impact on the cryptocurrency market, it may cause a gap in volatility, which could lead to large-scale liquidation. In addition, the technical outlook for BTC also appears cautious, showing bearish divergence on the daily chart. If there is a decline, do not be shaken out, as 2025 is expected to be a potential bullish year for cryptocurrencies, especially under the Trump administration. Persistence may be beneficial.
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QCP Capital: The Fed is expected to cut interest rates by 25 basis points, which may not have much impact on the crypto market
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