Good morning, brothers, $BTC is at $113000.
The recent consolidation is primarily waiting for signals of interest rate cuts from the Federal Reserve.
Powell will speak at 10 PM tonight, and the market will gauge:
Whether there will be a rate cut in September
Whether rates will remain high
Three possibilities:
①: Clear rate cut → Strongly positive, a rally signal (20%)
②: No rush to cut rates, but release easing expectations → Moderately positive (50%)
③: Continue hawkish stance → Moderately negative, may drop further (30%)
Large funds are waiting for direction, tonight may be a key turning point.
