BTC trend in the next month:

On the day when the Fed started to cut interest rates, the underlying logic has changed. Every interest rate cut is potentially beneficial to BTC. Therefore, the bottom price of BTC will gradually rise.

Trend 1: The bottom is around 60,000, and then it will bottom out again at 60,000. If it does not break, it will continue to fluctuate and rise. It will break through the upper boundary of the descending channel and start a unilateral upward trend;

Trend 2: The bottom is around 55,500, and then it will fluctuate upward.