Bitcoin BTC price is preparing for a “crazy” SeptemberIf we compare the stock market drops at August 05 and September 03, we can say that the crypto market is still holding up very well.
But we shouldn't relax, because there are a lot of events coming up in September that will set the tone for the Autumn:
1️⃣ September 6 - data from the labor market. July 5 and August 5 were extremely volatile downward after the data release. Now the market interprets and considers the most important indicator of the health of the US economy to be not inflation but the number of jobs created. Based on this data, on August 5, the market plunged into a not so pleasant weekend when CRYPTOCAP:BTC went below $50K.
2️⃣11 September - publication of the CPI and inflation data in the United States.
3️⃣18 September - the results of the two-day Fed meeting, the announcement of a rate cut. It's elegant that this day is also a full moon, conspiracy theorists are on the base)
4️⃣20 September - a hat trick - a day when stock options, stock index futures, and stock index options expire on the same day. This happens only four times a year - on the third Friday of March, June, September, and December, which can lead to a sharp increase in trading volume and volatility.
🍿 Preparing popcorn and soothing valerian)
And if you look closely, you can see how beautifully OKX:BTCUSDT price moves through white dynamic fibo channels, from border to border.
So use this information to your advantage, with profit!)