[Bitfinex report: The bottom of Bitcoin may be between US$40,000 and US$50,000] Golden Finance reported that Bitfinex released a report stating, “This month’s Federal Reserve interest rate decision is expected to significantly affect the short-term volatility and long-term trend of Bitcoin. Since 8 Bitcoin has gained more than 32% since the start of the month, driven largely by traders anticipating dovish comments from the Federal Reserve that could mark the start of a typical easing cycle, which could lead to longer-term price gains for Bitcoin. Increased liquidity and easing recession fears. On the other hand, a larger rate cut of 50 basis points could lead to an immediate price surge for Bitcoin, but could be followed by a pullback as recession fears intensify. Over the past week, we have seen. With spot holders reducing risk while speculators in the perpetual contract market attempt to 'buy the dip', we continue to observe significant long open interest on Bitcoin perpetual contracts. If we were to make a prediction, we would. As a reminder of the potential for a 15-20% drop on this month's rate cut, Bitcoin's bottom could be between $40,000 and $50,000. This is not an arbitrary number, but is based on a peak return return of about 60 per cycle. - 70% and the fact that the average bull market retracement is also decreasing in size. But this logic can be easily dismissed if macroeconomic conditions change. These times are fraught with uncertainty for traders.

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