QCPCapital's analysis states that the last Federal Reserve meeting of 2024 will be held tonight, during which a 25 basis point interest rate cut may be announced, along with the final dot plot for this year.
Although the Federal Reserve meeting is not expected to have a significant impact on the cryptocurrency market, it could lead to gap volatility, potentially resulting in large-scale liquidations.
In addition, the technical outlook for BTC appears cautious, showing a bearish divergence on the daily chart. If a decline occurs, don't get shaken out, as 2025 is expected to be a potentially bullish year for cryptocurrencies, especially under a Trump administration, so holding on may be beneficial.
What do you think?
