Claudia Sahm, the inventor of the US recession indicator, recently warned that Federal Reserve Chairman Powell and his colleagues are "playing with fire." She pointed out that if the Fed does not take gradual interest rate cuts now, it may put the US economy into a contraction.
Compared with the copycat, although the price of Bitcoin has fallen less in the past few days, the short-term trend is still weak, and Bitcoin will be below 72,000 for quite some time.
At least it is unlikely to stand at 72,000 by the end of June, and we hope to pin it on mid-July and August.
Given that the probability of the Fed cutting interest rates by 25 basis points in September is still 50%, even if there is no interest rate cut in September, the first interest rate cut will be postponed to November around the election. The closer the time is to the first interest rate cut by the Fed, the more likely Bitcoin will set a new high in the third quarter.
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