比特币（BTC）价格在美联储利率决定前保持稳定；宏观顺风保持不变

市场普遍预计美联储将基准利率下调25个基点，至4.25%-4.5%区间，累计降息100个基点

The Federal Reserve is set to announce its latest interest rate decision on Wednesday, with markets largely expecting a 25 basis point cut.

美联储将于周三公布最新利率决定，市场普遍预期降息 25 个基点。

This would bring the central bank’s benchmark rate to a range of 4.25%-4.5%, marking a cumulative 100 bps reduction since September.

这将使央行基准利率降至4.25%-4.5%的区间，自9月份以来累计下调100个基点。

While a rate cut is generally considered bullish for risk assets like Bitcoin, traders are keeping a close eye on the Fed's forward guidance, which may signal a slowdown in rate cuts next year.

虽然降息通常被认为对比特币等风险资产有利，但交​​易员正在密切关注美联储的前瞻性指引，这可能预示着明年降息的步伐将会放缓。

This could temper expectations for an aggressive easing cycle and might lead to a rally in Treasury yields and the U.S. dollar.

这可能会削弱对激进宽松周期的预期，并可能导致美国国债收益率和美元上涨。

The Fed's decision and Chair Jerome Powell's press conference are scheduled for 2:00 p.m. ET on Dec. 18.

美联储的决定和主席杰罗姆·鲍威尔的新闻发布会定于美国东部时间 12 月 18 日下午 2:00 举行。

The central bank's rate projections, known as the "dot plot," will also be unveiled at this time.

央行的利率预测（称为“点图”）也将在此时公布。

The Fed is widely expected to lower its benchmark interest rate by 25 basis points on Wednesday, bringing it to a range of 4.25%-4.5%.

市场普遍预计美联储将在周三将基准利率下调25个基点，至4.25%-4.5%的区间。

This would mark a cumulative 100 bps cut since September, in a bid to tame inflation and bolster the U.S. economy.

这将标志着自 9 月份以来累计降息 100 个基点，以抑制通胀并提振美国经济。

The decision, set to be announced at 2:00 p.m. ET, will be followed by a press conference with Chair Jerome Powell.

该决定将于美国东部时间下午 2:00 宣布，随后主席杰罗姆·鲍威尔将召开新闻发布会。

Traders will be parsing the central bank’s statement, Powell's remarks and the latest "dot plot" of rate projections for clues on the Fed's future path.

交易员将解析美联储的声明、鲍威尔的言论以及最新的利率预测“点阵图”，以寻找有关美联储未来路径的线索。

While a rate cut is generally considered bullish for risk assets like Bitcoin, traders are keeping a close eye on the Fed's forward guidance, which may signal a slowdown in rate cuts next year.

虽然降息通常被认为对比特币等风险资产有利，但交​​易员正在密切关注美联储的前瞻性指引，这可能预示着明年降息的步伐将会放缓。

This could temper expectations for an aggressive easing cycle and might lead to a rally in Treasury yields and the U.S. dollar.

这可能会削弱对激进宽松周期的预期，并可能导致美国国债收益率和美元上涨。

Rising yields present an alternative to speculative bets, which may pose a short-term challenge for Bitcoin and other risk assets.

收益率上升为投机性押注提供了另一种选择，这可能对比特币和其他风险资产构成短期挑战。

However, on a broader scale, BTC's sustained gains in recent weeks are largely attributed to the Fed's easing stance and an overall shift in risk appetite.

然而，从更广泛的范围来看，比特币最近几周的持续上涨很大程度上归因于美联储的宽松立场和风险偏好的整体转变。

This bodes well for the crypto king in the long run, despite any short-term hiccups.

尽管短期内会出现一些问题，但从长远来看，这对加密货币之王来说是个好兆头。