At present, Bitcoin has been in what we call the bull flag pattern, showing a trend of disorderly ups and downs. The market has been slow to give a clear direction here, mainly because it is waiting for the news of interest rate cuts to land. We can see that every time the price of Bitcoin wants to break upward, it will always be suppressed; and when the price wants to go down, it will be pulled up again. This fully shows that there is a huge disagreement in the market here, and it is not willing to rise sharply or fall deeply.
In short, with the interest rate cut approaching, the market trend is full of variables. We need to wait patiently for the market to give a clear direction, and at the same time do a good job of risk control to deal with various possible situations. #美降息25个基点预期升温 #美国降息