September market outlook: Bitcoin long-term trend analysis

Bitcoin fell by 24% in August, but the monthly closing price only fell by 9%. Long-term holding of Bitcoin will cause less fluctuation. The monthly closing K-line has a long lower shadow, which means there is a lot of buying below. Markets expect the Fed to cut interest rates in September, an expectation also confirmed by Powell. Fundamentals show that Bitcoin miners cost $50,000 to $55,000, and they will not allow the price to hover around the cost price for a long time. Since there is a high probability of an interest rate cut in September, it will be positive in the long run. Traditional financial investment institutions may complete ETF positions before cutting interest rates. To sum up, it is unlikely that the price will continue to fall below 50,000 US dollars in September, and it is more likely that it will rise above 70,000 US dollars.

The above analysis only represents my personal views. I hope everyone will pay attention to market trends and make wise investment decisions.