September 30 Bitcoin Market Analysis
In terms of macroeconomics, the US GDP in the second quarter last week was slightly higher than expected, and PCE was in line with expectations. The attitude of Fed officials is generally expected to cut interest rates by another 50 basis points this year; this week, focus on the US unemployment rate and non-farm payrolls in September. The previous value of non-farm payrolls was 14.2%, and the predicted value was 14; the previous value of unemployment rate was 4.2%, and the predicted value was 4.2%. The expectation of continued interest rate cuts by the Fed will always exist, and coupled with China's release of large-scale liquidity stimulus, the trend of Bitcoin in the fourth quarter is worth looking forward to.
