After the August non-farm payrolls were revised down, the market once priced in a 94% chance of a rate cut in September. However, in the past few days, there has been a pullback and officials have indicated that there may only be one rate cut this year. As a result, some people are declaring the end of the bull market, with BTC/ETH reaching their peak.

However, the situation isn’t as pessimistic: the weekly and volume structures are both healthy, and the main players haven’t sold off, instead it seems like they are accumulating strength.

The news is often a fog, but the real signals are on the candlestick chart. The rate cut cycle is not over, and a rate cut in September remains highly likely, so don’t be swayed by the noise.