QCP Capital: Bitcoin shows bearish signals ahead of the Federal Reserve meeting, advising investors to stay calm during pullbacks

2024-12-18 17:19:41

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ChainCatcher news, QCP Capital's latest analysis points out that the last Federal Reserve meeting of 2024 is approaching, and a 25 basis point rate cut is expected. However, as U.S. inflation remains above the 2% target and the labor market continues to be strong, the statement and dot plot from this meeting may carry a hawkish tone.

QCP Asia predicts three rate cuts in 2025, but the Federal Reserve may take a cautious approach to accelerating the pace of rate cuts. In terms of the market, QCP notes that liquidity across various markets is gradually declining, which could trigger price gaps and large-scale liquidations. Technical analysis shows that the Bitcoin daily chart has formed an Evening Star pattern and displays bearish divergence signals.

Nevertheless, considering that Trump may return to the White House in 2025 and other favorable factors, QCP advises investors to remain calm during market corrections and not to easily close their positions.

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