The Bitcoin rebound is still not over, and the market repair period may extend until March 2026
At the macro level, according to the CME 'FedWatch' data, the market generally expects the Federal Reserve to cut interest rates by 25 basis points in December, with a rate cut probability of 87.6%. In addition, the market's expectations for the Federal Reserve in the coming months are also relatively pessimistic, with a probability of 69.3% that the Federal Reserve may continue to cut rates by 25 basis points by January 2026. In contrast, the likelihood of maintaining the current interest rate is only 12.4%.
In this economic environment, Kevin Hassett, the Director of the White House Council of Economic Advisers, also stated that the Federal Reserve has enough room to implement significant interest rate cuts. In this regard, Hassett clearly stated that if economic data supports such a move, 'significant rate cuts are entirely feasible.' This statement also echoes Trump's position, as Trump has previously stated that he hopes quick rate cuts will become a key criterion for his nomination of the Federal Reserve Chair.