Golden Finance reported that on December 19, Bitwise Chief Investment Officer Matt Hougan expressed his views on X, detailing why he believes that the current bullish trend in the cryptocurrency market will continue. Although the Federal Reserve's latest policy statement caused a short-term impact on the market - lowering expectations for interest rate cuts from four to two next year, Hougan believes that this is only a brief interlude in the bull market process. He pointed out that the cryptocurrency market has developed endogenous dynamics independent of the Federal Reserve's policy, and there are currently four core trends that continue to promote the development of the industry: Washington’s regulatory attitude has clearly shifted to positive support The entry of institutional investors is accelerating, and ETF funds continue to flow in Governments and corporate institutions strategically increase their holdings of Bitcoin Programmable blockchain technology makes breakthrough progress From a technical perspective, Bitcoin’s 10-day exponential moving average (around $102,000) continues to hold above its 20-day moving average (around $99,000). Hougan said that this classic technical indicator has historically been a good reflection of market trends. Hougan emphasized that the cryptocurrency market is in the midst of a new multi-year bull cycle and a 50bps rate cut is not expected to change this.