Fed Pauses Interest Rate CutsThe United States Federal Reserve left interest rates unchanged this month, keeping them at 3.50%-3.75% following the latest Fed meeting, which concluded on Wednesday. In December, the Fed cut interest rates by 25 basis points. In most cases, higher interest rates increase the opportunity cost of holding yield-bearing assets such as U.S. Treasury securities. On the other hand, lower interest rates typically support non-yielding assets such as Bitcoin by reducing the opportunity cost of holding them. Conversely, failure to hold current support would weaken the consolidation structure and increase the probability of continuation toward lower support levels near the prior range lows.