Analysis: Bitcoin recently shows a trend of "buying in Asia, selling in the U.S."

ChainCatcher news, according to CoinDesk, crypto analyst Miles Deutscher stated that Bitcoin is currently showing a trend of "buying in Asia, selling in the U.S." In the past two weeks, the cumulative return of Bitcoin during Asian trading hours has exceeded 5%, while negative returns have been observed during U.S. trading hours.

An important data point next week will be the non-farm payroll report for August, which will be released on September 6 (Friday). The employment report for July was weak, which could prompt the Federal Reserve to commit to a rate cut in September. However, the market currently expects a 25 basis point cut in mid-September. If employment data is weak for the second consecutive month, investors may quickly anticipate a 50 basis point rate cut from the central bank, which would provide strong positive stimulus to risk markets, including Bitcoin.

If the September employment report is strong, expectations for loose monetary policy may weaken. Regardless of the outcome, volatility may arise in the future, with the probability of upward volatility being around 50%.