Matrixport September Outlook: Bitcoin Consolidation Expected to Continue for 2-3 Weeks Until New Catalysts Drive Price Volatility

ChainCatcher reports that Matrixport has released its September market outlook, stating that Bitcoin is currently 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 rates, the market may not experience the expected rebound.

Currently, Bitcoin is fluctuating in a key range between bullish and bearish positions, with most investors choosing to wait and see. The next focus should be 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 a new catalyst drives price movement. Entering September, seasonal factors remain bearish; in the past ten years, four years ended with a decline, with an average drop of 2.5%.