Quote from: @nn@_pen9 on September 06, 2025, 11:42:01 AM

Quote from: Mrbluntzy on September 01, 2025, 07:30:32 PM

This month looks like Bitcoin is going to be very bearish unless the condition of the market changes because on the daily time period, I am seeing that a fresh support level has been broken and it's looking like it want to hold and make the price go up but their is no momentum to make the price go up. This month might be bearish from what am seeing and it could dip to $100k.

Based on historical data from previous years, this month saw an average decline ranging from a minimum of 3 percent to a maximum of 7.9 percent. While Bitcoin sentiment for September this year tends to be cautious due to the potential for a potential decline, there's also potential for strengthening if economic data supports expectations of monetary policy easing. The Fed sometimes plays a central role in controlling overall inflation and asset prices, investors are advised to closely monitor economic data and Fed policy developments these factors can significantly influence Bitcoin price movements.

If the Fed's monetary policy really does have an impact on the markets, then with unemployment rising, a Fed rate cut is almost a certainty. And according to polymarket or CME, up to 90% believe that the Fed will lower interest rates. If what you say is true then we can be optimistic that the market will have more positive changes this month.
If I remember correctly the FOMC meeting is on the 17th, which is still 10 days away, let's wait and see what happens.