Odaily Planet Daily News QCP published a post on its official channel stating that last night's FOMC meeting brought the market a long-awaited catalyst for the rise, pushing the price of Bitcoin above $85,000 and rising sharply. The Federal Reserve decided to scale back its "quantitative tightening" program starting in April. The market interpreted this as an indirect rate cut, reinforcing expectations that the Fed will begin easing as early as June. As of this writing, the market expects three rate cuts in 2025, in June, September and December. In addition to the excitement at the moment, the Fed's tone is clearly cautious. Policymakers lowered their economic growth forecast to 1.7% (a reduction of 0.4 percentage points) while raising their inflation forecast to 2.8%, indicating that stagflation risks are rising. In addition, the Fed's dot plot showed a more hawkish shift compared to December last year, with the number of officials who did not expect a rate cut in 2025 increasing to four. In the options market, market positioning has returned to normal, with skewness turning back to call options. This is in stark contrast to earlier in the week when the skewness favored puts. The key test now will come when U.S. markets open tonight.