PANews reported on December 18 that Singapore crypto investment institution QCP Capital published an article today saying: "The last Federal Reserve meeting of 2024 will be held tonight. Although it is the festive Christmas season, we have few reasons to celebrate. The Federal Reserve is expected to cut interest rates by 25 basis points at this meeting and release the final dot plot for the year.
We expect tonight's statement and dot plot to have a slightly hawkish tone, reflecting the stability of US inflation above the Fed's 2% target and the strong performance of the labor market. The statement is expected not to specify the path of rate cuts in 2025, but to emphasize the difficulties faced in accelerating rate cuts. At the same time, the dot plot is expected to show 3 rate cuts in 2025.
While we do not expect the Fed meeting to be too influential, liquidity has been gradually declining across markets. This could lead to greater price volatility and possibly even large-scale liquidations. The technical outlook for Bitcoin also appears cautious, with Bitcoin showing an evening star pattern on the daily chart and a bearish divergence. If prices fall, stay calm and do not shake your position. Given that 2025 could be a potential bull year for the cryptocurrency market, especially after Trump takes office, holding on could pay off.”
