QCP Capital 在美联储会议之前对加密货币市场发出谨慎的展望，理由是比特币（BTC）流动性和技术信号下降可能导致潜在波动

该公司还指出，人们对 2025 年加密货币的乐观情绪日益增长，部分原因是围绕唐纳德·特朗普(Donald Trump)重返办公室的猜测以及新兴的比特币相关政策提案。

Financial services firm QCP Capital has issued a warning about potential market volatility ahead of the final Federal Reserve meeting of 2024.

金融服务公司 QCP Capital 在 2024 年最后一次美联储会议之前就潜在的市场波动发出警告。

The firm anticipates the Fed will announce a 25 basis point rate cut during the December meeting, but noted that the central bank will likely maintain a hawkish stance.

该公司预计美联储将在12月会议期间宣布降息25个基点，但指出央行可能会维持鹰派立场。

According to QCP Capital, the Fed's final dot plot for the year will signal three rate cuts in 2025, indicating the central bank’s pivot toward looser monetary policy.

据QCP Capital称，美联储今年的最终点阵图将预示2025年三次降息，表明央行转向更宽松的货币政策。

However, the firm warns that the Fed will remain non-committal on the pace of rate cuts next year.

然而，该公司警告称，美联储仍将对明年的降息步伐不置可否。

"We anticipate tonight’s statement and dot plot to carry a slightly hawkish tone, reflecting US inflation stabilizing above the Fed’s 2% target and a robust labor market," QCP stated in its market note.

QCP 在其市场报告中表示：“我们预计今晚的声明和点阵图将带有轻微鹰派基调，反映出美国通胀稳定在美联储 2% 的目标之上以及强劲的劳动力市场。”

The firm also highlights potential risks in the crypto market, with thinning liquidity across global markets that could amplify price swings and trigger large-scale liquidations.

该公司还强调了加密货币市场的潜在风险，全球市场流动性减少可能会加剧价格波动并引发大规模清算。

From a technical perspective, QCP points to an "evening star" pattern on Bitcoin's daily chart and bearish divergences, indicating caution.

从技术角度来看，QCP 指出比特币日线图上的“黄昏之星”模式和看跌背离，表明谨慎。

Despite the short-term price drops, the firm advises traders to "stay the course," especially considering the optimism for 2025.

尽管短期价格下跌，但该公司建议交易者“坚持到底”，特别是考虑到 2025 年的乐观情绪。

"With 2025 poised to be a potentially bullish year for crypto, particularly with Trump in office, staying the course may prove beneficial," QCP added.

QCP 补充道：“2025 年有望成为加密货币市场潜在看涨的一年，尤其是在特朗普上台的情况下，坚持到底可能是有益的。”

The bullish sentiment for next year aligns with emerging narratives about Bitcoin's role in future U.S. economic policy.

明年的看​​涨情绪与有关比特币在未来美国经济政策中的作用的新兴叙述相一致。

The Bitcoin Policy Institute has reportedly drafted a proposed Executive Order, which would establish a strategic Bitcoin reserve (SBR) under Trump's administration.

据报道，比特币政策研究所起草了一项拟议的行政命令，该命令将在特朗普政府的领导下建立战略比特币储备（SBR）。

The draft outlines plans to consolidate Bitcoin holdings across U.S. federal agencies and designate Bitcoin as a strategic reserve asset, enhancing financial security and fostering economic leadership.

该草案概述了整合美国联邦机构的比特币持有量并将比特币指定为战略储备资产的计划，以增强金融安全并培养经济领导力。

The draft policy emphasizes Bitcoin's decentralized nature and potential as a "digital gold," with the proposed SBR to be managed by the U.S. Treasury Department's Exchange Stabilization Fund (ESF).

该政策草案强调了比特币的去中心化性质和作为“数字黄金”的潜力，提议的 SBR 将由美国财政部的外汇稳定基金（ESF）管理。

As stated in the document, the initiative aims to "cement American financial dominance long into the future" and expand the diversity of U.S. reserve assets.

正如文件中所述，该倡议旨在“在未来长期巩固美国的金融主导地位”并扩大美国储备资产的多样性。