According to TechFlow, on September 6, Cointelegraph reported that although historical data shows that September is usually a weak month for Bitcoin, some traders are not worried about this. Ed Hindi, chief investment officer of Tyr Capital, said in an interview that the current macroeconomic environment may be enough to challenge this usual trend. He believes that "the Federal Reserve may cut interest rates, coupled with the relatively strong US economy, this combination may surprise the bears. We think that Bitcoin is more likely to close above $60,000 at the end of September than to fall below that price."
Cryptocurrency analyst Daan Crypto Trades pointed out that "Bitcoin's average decline in September was about 4%. Considering the volatility of Bitcoin, the actual situation may not be as bad as the market expects." He suggested that investors pay close attention to the "higher highs" and "higher lows" patterns in Bitcoin's long-term price trend, which may indicate that buyers are dominating the market.
