Bitcoin (BTC) fell below the 55.724$ -73.777$ range on September 6 and started a decline towards the 49.000$ level on August 5. According to Bitget Wallet COO Alvin Kan, Bitcoin may remain under pressure until the Federal Reserve interest rate decision is announced on September 18. However, risk assets are expected to recover in the short to medium term after the interest rate cut.

Former BitMEX CEO Arthur Hayes predicted that Bitcoin would fall below 50.000$ , but now expects an increase next week due to the Fed's liquidity increase.

Bitcoin's weakness also affected altcoins, but some avoided selling pressure. These altcoins could outperform if Bitcoin recovers.

Let's discuss whether Bitcoin can break above the 55.724$ level and trap aggressive bears. We are waiting for your comments.