BTC集会可能是由杰罗姆·鲍威尔（Jerome Powell）在即将举行的美联储会议上触发的

即将举行的美联储会议不太可能降低利率，但是杰罗姆·鲍威尔（Jerome Powell）主席的任何虔诚的语言都可以触发比特币集会

The upcoming Federal Reserve meeting is highly anticipated by investors, especially for any hints of an interest rate cut, which could be the catalyst for a Bitcoin rally, according to an analysis by QCP Capital.

QCP Capital的一项分析显示，即将举行的美联储会议备受期待，尤其是对于降低利率的任何提示，这可能是比特币集会的催化剂。

However, the possibility of such a move is slim, as the report suggests.

但是，正如报告所暗示的那样，这种举动的可能性很小。

The report highlights a major economic shift as the U.S. moves away from “fiscal dominance” toward deficit reduction under the Trump administration.

该报告强调，随着美国在特朗普政府领导下的“财政优势”转向减少赤字时，经济转变的重大转变。

Global Liquidity Conditions Could Drive Next Bitcoin Move

全球流动性条件可能会推动下一个比特币移动

The QCP analysis suggests that cryptocurrency prices historically lag behind shifts in global liquidity conditions.

QCP分析表明，加密货币价格历史上落后于全球流动性状况的转变。

This raises the possibility that Bitcoin could see a “renewed leg higher after this correction” in response to changing monetary environments worldwide.

这增加了比特币在响应全球不断变化的货币环境中看到“更高的腿部更高的腿”的可能性。

«The lag in CCYTs [cryptocurrencies] is striking, especially in the case of BTC, which usually bottoms well after the apex in global liquidity conditions,» the report stated.

报告说，«ccyts（加密货币）的滞后令人震惊，尤其是在BTC的情况下，通常在全球流动性条件下顶点之后底部很触底。”

With a potential Federal Reserve pivot on the horizon and fresh stimulus injections from both Europe and China, the macro backdrop may be shifting in favor of risk assets.

随着潜在的美联储枢轴的枢纽和欧洲和中国的新刺激注射，宏观背景可能会转移，而转移了风险资产。

The report highlights how Germany’s upcoming key vote and fiscal expansion plans, alongside similar measures in China, have powered stronger equity performance in these regions relative to the United States.

该报告强调了德国即将进行的关键投票和财政扩张计划以及中国的类似措施如何为这些地区相对于美国提供了更强的股票绩效。

This divergence in economic policy approaches could influence capital flows across global markets in the coming months.

经济政策方法的这种差异可能会影响未来几个月的全球市场资本流量。

The report notes that market attention has temporarily shifted away from U.S. tariff headlines toward geopolitical developments, particularly in the Middle East.

该报告指出，市场关注已暂时从美国关税头条新闻转向地缘政治发展，尤其是在中东。

This change in focus has benefited traditional safe-haven assets like gold, which have surged past $3,000, while Bitcoin has moved in the opposite direction.

这种焦点的变化使传统的安全资产（如黄金）受益，这些资产飙升了3,000美元，而比特币朝相反的方向移动。

“The buildup in geopolitical risk, especially in the Middle East, has also benefited traditional safe-haven assets like gold, which is now trading above $3k after a dotenvy strong move. This is in stark contrast to BTC, which has seen strong selling pressure despite the extreme fear in the markets and the complete absence of any good news in the past month,” the report stated.

“地缘政治风险的积累，尤其是在中东，也使传统的避风港资产（如黄金）受益，该资产现在在多丹尼强劲的举动之后与BTC形成鲜明对比，这与BTC形成鲜明对比，尽管市场上的极端恐惧和过去的一个月都没有任何好消息，”这项报告陈述了。”

The analysis also touched upon the implications of an interest rate cut by the Federal Reserve, a scenario that QCP views as "highly unlikely."

该分析还涉及美联储削减利率的含义，美联储将QCP视为“极不可能”的情况。

However, any dovish signals from Chair Jerome Powell could be the decisive factor in sparking upside momentum for Bitcoin.

但是，杰罗姆·鲍威尔（Jerome Powell）主席的任何奇特信号都可能是引发比特币上涨势头的决定性因素。

The current context for the Fed’s decision making has shifted considerably. The U.S. has moved away from fiscal dominance toward a greater focus on deficit reduction under the Trump administration.

美联储决策的当前情况发生了很大变化。美国已经从财政上的主导地位转向了特朗普政府领导下的减少赤字的重点。