#2026年比特币行情展望 The new Federal Reserve voting member recently signaled that as long as the economy remains stable, there is a possibility of starting interest rate cuts by the end of 2026. This is good news for the crypto market—it clarifies the direction and dispels the illusion of "cutting soon." The expected first rate cut might be delayed from the first half of the year to the second half or even later.

From a decision-making perspective, factors like immigration and the labor force are deeply influencing the Fed's thinking. The state of the labor market directly determines whether inflation can be lowered and whether the economy is resilient, which is the key link in the entire logic chain.

In simple terms: if inflation continues to decline, employment data remains stable, and GDP grows modestly, there is a chance to see rate cuts before the end of 2026. But the biggest uncertainty on this path still lies in the pressure from the labor market—this needs to be monitored continuously. For risk assets like $BTC and $ETH, this clarification and moderation of expectations can alleviate a lot of short-term anxiety.