đăBitcoin Market Dynamicsăđ
Bitfinex Alpha's latest report points out that the upcoming interest rate decision in the United States will have a significant impact on Bitcoin's short-term volatility and long-term trend. Bitcoin has risen by more than 32% since the beginning of August, with market expectations that the Federal Reserve will make dovish remarks being the main driving force.
đžIf the Fed cuts interest rates by 25 basis points, it may mark the beginning of an easing cycle, and increased liquidity and easing recession concerns may drive Bitcoin to achieve long-term price increases. However, if the interest rate is cut by 50 basis points, although prices may rise in the short term, increased recession concerns may lead to a subsequent pullback.
đOver the past week, spot holders reduced risks while perpetual market speculators tried to "buy the dip", and there are still a large number of open long positions in BTC perpetual contracts. When the interest rate cut is expected this month, there may be a 15-20% drop, and the bottom of Bitcoin may be between $40,000-50,000.
đHistorical data shows that September is a volatile month for Bitcoin, with an average return of -4.78% and a peak-to-trough drop of about 24.6%. For traders, this is a period of uncertainty.
