📊 The latest chart from Matrixport shows that Powell hinted at a possible rate cut, coupled with the positive momentum of the US presidential election, could create a favorable environment for Bitcoin. 📉📈
Surprisingly, traders appeared cautious and hesitant to increase risk exposure ahead of the release of US employment data next week. Although recession concerns may bring more monetary stimulus, historical data shows that this is usually good for Bitcoin. However, the next 2-3 weeks will be a critical moment. ⏳
🔍 Important events: US employment report, Harris and Trump's presidential debate, FOMC interest rate decision.
