Markets pivot to September Fed rate hike: Five things to know in Bitcoin this week
Market sentiment is shifting! Expectations for a September Fed rate hike are heating up, and Bitcoin’s monthly close is below a key resistance level, putting short-term pressure on it!
This renewed rate-hike expectation is no small matter. Historical data shows that Bitcoin tends to face corrective pressure before each rate hike. That said, when negative news is fully priced in, it can turn into a positive catalyst, and the market has already absorbed much of the risk in advance.
There may still be some volatility in the short term, but don’t forget the halving is just around the corner. The long-term outlook remains bullish! A good opportunity to buy the dip may be emerging.
#比特币 #美联储加息 $BTC $ETH
Original link: https://cointelegraph.com/markets/markets-pivot-to-september-fed-rate-hike-five-things-to-know-in-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Information compiled for reference only, not investment advice.
Market sentiment is shifting! Expectations for a September Fed rate hike are heating up, and Bitcoin’s monthly close is below a key resistance level, putting short-term pressure on it!
This renewed rate-hike expectation is no small matter. Historical data shows that Bitcoin tends to face corrective pressure before each rate hike. That said, when negative news is fully priced in, it can turn into a positive catalyst, and the market has already absorbed much of the risk in advance.
There may still be some volatility in the short term, but don’t forget the halving is just around the corner. The long-term outlook remains bullish! A good opportunity to buy the dip may be emerging.
#比特币 #美联储加息 $BTC $ETH
Original link: https://cointelegraph.com/markets/markets-pivot-to-september-fed-rate-hike-five-things-to-know-in-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Information compiled for reference only, not investment advice.