After Powell's speech, the market showed divergence, with $OKB, $BNB, and $ETH hitting new highs, while $BTC fell below 115k. This divergence reflects the market's complex emotions regarding the interest rate cut in September.
Interest rate cuts vs. recession fears, which has a greater impact? If the market views the rate cut as a signal of a strong economy, the upward trend will continue; but if recession panic dominates, the adjustment may deepen.
The key lies in the non-farm payroll data on September 5. Musalem has clearly stated that the direction of interest rates will be determined based on labor data. Currently, the expectation for a rate cut has risen to 75%, but the 112k support level still needs attention.
Monday's opening of the U.S. stock market will be an important observation window, as investors will reinterpret the Fed's signals.
#BTC #Fed #interest rate cut
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