The trend of BTC has been swinging back and forth between interest rate cut expectations and economic recession for some time in the past and in the future.
On August 23, the Federal Reserve hinted that it would cut interest rates, and on August 26, the market began to be bearish on the U.S. economy;
On September 4, the employment data was lower than expected, and the market's concerns about economic recession intensified. Then the currency price began to rebound again, and the market's expectation for a 50 basis point interest rate cut on September 19 increased from 28% to 47%.
By September 19, if the interest rate is cut by 25 basis points, it will be lower than market expectations, and the currency price will correct again by then; but I think the low point of the correction will only be higher than the last time.
If the interest rate is cut by 50 basis points, the market will briefly rise in excitement; then the market will worry about whether the actual economic situation is worse than what we know now if the interest rate is cut so much for the first time - so it will pull back again.
Invariably, the market will continue to fluctuate and rise for some time to come.
