Bitcoin has had a bad start in September, with a lack of upward momentum near the current price and low trader interest, which has raised concerns about another "red September". Although history shows that Bitcoin usually performs poorly in September, analysts believe that if it can hold out until October, it may usher in a rebound opportunity. In addition, macroeconomic data after Labor Day will also affect market sentiment, especially US employment data.

Key Points-

The current price of Bitcoin is close to $58,000, but there is a lack of buying support from investors, and market trading sentiment is sluggish.

September is usually a poor month for Bitcoin, with historical data showing an average decline of about 4.5%. Despite the market's pessimistic attitude towards price trends, some analysts still predict that prices may rebound in October.

The Puell Multiple indicator shows that the market is approaching a long-term buy zone, providing a buy signal for the next market step.

The macroeconomic data after Labor Day in the United States, especially the unemployment rate, will be the focus of investors.