The interest rate cut this week will determine the direction! Bitcoin is expected to have a deep squat❗

So far, the price of Bitcoin has reached 59,000, and Ethereum looks like it can no longer survive🤣, and it has reached 2310

Today's market panic greed index has reached 33, which is still a familiar taste. The market is holding its breath, waiting for the Fed to knock the gavel of the interest rate cut.

If the interest rate is cut by 25 basis points, it will definitely be bad for cryptocurrencies in the short term.

If the interest rate is cut by 50 basis points, it will not only depend on the reaction of the US dollar after the interest rate cut, but also on what the interest rate cut document says to the Fed, and what the subsequent plans are.

From our perspective, the market has no option for recession and interest rate cuts, so interest rate cuts of more than 50 basis points are unlikely to happen. But what if the Fed stands from a God's perspective and sees something we haven't discovered?

For cryptocurrencies, in the short term, or the entire September is a disaster month. The possibility of rushing to the bull market immediately after the interest rate cut is very small.