FOMC Preview: Fed Expected to Stay 'Patient,' Bitcoin Finds Some Support Near $80K

BlockBeats News, March 19th, QCP released its daily market observation, stating, "Today happens to be one month after the S&P500 hit a new all-time high. In the latest downturn, some of the largest macro hedge funds cut their losses in this month's market crash. The Millennium report states that the losses of only two teams have reached $900 million, while Brevan Howard's flagship fund has already dropped by 5% year-to-date, prompting traders to face stricter risk limits.

With the upcoming deadline of April 2nd, Trump is expected to roll out a new round of retaliatory tariffs. This remains the biggest pressure on risk assets. Tonight's FOMC meeting is likely to keep interest rates unchanged. However, we will closely watch for any dovish turn, especially regarding growth and inflation expectations. Since the impact of tariffs will take months to transmit to the economy, we expect the Fed to maintain a 'wait-and-see' attitude. The tariff decision on April 2nd, although already pre-announced, remains a key uncertainty factor.

Amid momentum and arbitrage trading unwinds, Bitcoin found some support around $80,000, but in the broader context of macroeconomic weakness, this support seems extremely fragile. However, in the short term, it is difficult for us to identify significant favorable factors that can reverse this decline. Our focus remains on capital preservation-oriented yield strategies to protect funds in an extended downturn cycle and hedge risks."