Matrixport September Outlook: Bitcoin's consolidation is expected to continue for 2-3 weeks until new price volatility catalysts emerge

ChainCatcher news, Matrixport released the September market outlook, indicating that Bitcoin is at a stage where technical and macro factors are intertwined. This month will see key events such as non-farm payroll data, CPI, and the Federal Reserve's interest rate meeting, further increasing uncertainty. Even if the Federal Reserve chooses to cut interest rates, the market may not necessarily experience the expected rebound.

Currently, Bitcoin is oscillating in a critical range that separates bulls and bears, with most investors choosing to wait and see. What needs to be focused on next is whether this round of volatility is merely a phase of consolidation or a precursor to a trend reversal. Bitcoin's consolidation is expected to continue for another 2-3 weeks until new catalysts emerge to drive price fluctuations. As we enter September, seasonal factors remain bearish, with four out of the past ten years ending in a decline, averaging a drop of 2.5%.