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The probability of the Fed cutting interest rates in December has skyrocketed to 87.4%! Is this expectation about to be "nailed down"?



CME FedWatch latest data: The probability of a 25 basis point rate cut in December has risen to 87.4%, leaving only a 12.6% chance of keeping the rate unchanged; the probability of a cumulative 50 basis point rate cut in January next year is also at 23.2%.

This expectation is basically set in stone - the certainty of liquidity easing is increasing, which is a clear positive for the crypto market. But now there is a contradiction: on one hand, there is a strong expectation of interest rate cuts, and on the other hand, there is continuous selling pressure from whales depositing BTC into exchanges. In the short term, the market is likely to be "supported by positive news but with significant volatility."

Next, before the December meeting materializes, will the market first digest the positive news and surge, or will it be held down by selling pressure and grind at the bottom? Do you think BTC can hold its ground against the resistance level before this wave of expectations is fulfilled?

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ETH7%
BTC5.82%
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