đ¨ SEPTEMBER could be a huge month for Bitcoin.
And right now, there are 3 forces pulling the market in different directions.
$BTC is still holding around $78K despite:
đ´ Fresh U.S.âIran tensions
đ´ Oil jumping above $90
đ´ Higher Treasury yields
đ´ Growing expectations of another Fed rate hike
That resilience is worth watching.
But September brings several major catalysts.
đ September 4 â U.S. Jobs Report
This could significantly change expectations for the Fed.
đ September 10 â U.S. CPI Inflation
Higher inflation could strengthen the case for another rate hike.
đ September 15â16 â FOMC Meeting
This is the BIG one.
Markets are currently pricing roughly a 57% probability of a September rate hike after Fed Chair Kevin Warsh's hawkish Jackson Hole message.
So September isn't simply:
âWill Bitcoin pump?â
The better question is:
Can $BTC keep absorbing bad macro news without breaking down?
If BTC holds while oil, yields and rate expectations remain elevated, that tells us buyers are still present.
If upcoming jobs/inflation data comes in hot, however, pressure on risk assets could increase quickly.
My September watchlist:
â $BTC around $75Kâ$80K
â U.S. jobs data
â CPI inflation
â Fed rate expectations
â ETF flows
â Oil prices
â BTC dominance
September could bring volatility.
Don't try to predict every candle.
Know the catalysts BEFORE the candle happens.
$BTC $ETH $BNB $SOL
Bullish or bearish for September?
#Bitcoin #BTC #Crypto #Ethereum
And right now, there are 3 forces pulling the market in different directions.
$BTC is still holding around $78K despite:
đ´ Fresh U.S.âIran tensions
đ´ Oil jumping above $90
đ´ Higher Treasury yields
đ´ Growing expectations of another Fed rate hike
That resilience is worth watching.
But September brings several major catalysts.
đ September 4 â U.S. Jobs Report
This could significantly change expectations for the Fed.
đ September 10 â U.S. CPI Inflation
Higher inflation could strengthen the case for another rate hike.
đ September 15â16 â FOMC Meeting
This is the BIG one.
Markets are currently pricing roughly a 57% probability of a September rate hike after Fed Chair Kevin Warsh's hawkish Jackson Hole message.
So September isn't simply:
âWill Bitcoin pump?â
The better question is:
Can $BTC keep absorbing bad macro news without breaking down?
If BTC holds while oil, yields and rate expectations remain elevated, that tells us buyers are still present.
If upcoming jobs/inflation data comes in hot, however, pressure on risk assets could increase quickly.
My September watchlist:
â $BTC around $75Kâ$80K
â U.S. jobs data
â CPI inflation
â Fed rate expectations
â ETF flows
â Oil prices
â BTC dominance
September could bring volatility.
Don't try to predict every candle.
Know the catalysts BEFORE the candle happens.
$BTC $ETH $BNB $SOL
Bullish or bearish for September?
#Bitcoin #BTC #Crypto #Ethereum