Expectations of Fed interest rate cuts: Key turning point for bull and bear markets in the cryptocurrency market Recently, the trading volume of large pancakes has hit a new low, especially with the continuous outflow of funds from the US Bitcoin spot ETF for four weeks. Market focus shifts to the Federal Reserve interest rate meeting on March 19th, with expectations of a rate cut affecting market gains 📈 The key factors. 2022: The Federal Reserve raises interest rates, ending the bull market. 2023-2024: Expectations of interest rate cuts boost the market, leading to a rebound in Bitcoin. By the end of 2024, interest rate cuts will be implemented, and Bitcoin will rise to $100000. Early 2025: The Federal Reserve suspends interest rate cuts, leading to a sluggish market. Current outlook: The market is generally betting that the Federal Reserve will restart interest rate cuts in June, which could be the best ambush point for a new bull market in May. The interest rate cut is seen as a core positive for the cryptocurrency industry, while other factors such as Ethereum upgrades are only auxiliary. Everyone needs to closely monitor the policy movements of the Federal Reserve, as the expectation of interest rate cuts will directly affect market trends.