The potential Christmas rebound of Bitcoin depends on the Federal Reserve's interest rate decision!
The year-end rebound is often referred to as the 'Christmas rally.' In previous years, there have indeed been rebound increases during the Christmas month. Currently, due to improved liquidity conditions and the likelihood of the Federal Reserve cutting interest rates reaching 90% in early December, the crypto market may be preparing for a rebound.
Despite the positive macro factors, overall market sentiment is still dominated by fear. Institutional and retail investors remain hesitant and have not injected capital, leaving the market in a stalemate until ETF inflows and other institutional signals confirm stability. Therefore, the upcoming interest rate decision by the Federal Reserve will be crucial. If the Federal Reserve cuts interest rates on December 10 and ends quantitative tightening, Bitcoin may experience a short-term rise in the 'Christmas rally,' provided there are no major geopolitical shocks.
Additionally, speculation about Hassett being appointed as the next Federal Reserve Chair may introduce a more dovish stance, which could positively impact the cryptocurrency market to some extent.
There is a variable: the Bank of Japan's interest rate hike in December can already be said to be a done deal, and at that time, the impact of the Federal Reserve's interest rate cut and the yen's rate hike may further reduce the overall volatility of the cryptocurrency market. #比特币上涨
