Matrixport: The historical return rate in September has been negative, and the market is about to respond to the US employment data released on September 6.
Powered by ChatGPTDeepChain TechFlow news, the cryptocurrency financial services company Matrixport released a report stating that Bitcoin is about to face its most challenging month in September. It is mentioned that historically, September has had a negative return rate. This year, there is additional pressure, including the outlook for the US technology industry after Nvidia's earnings forecast, the Federal Reserve's policy decisions, and the upcoming US presidential debate (Harris vs. Trump). This September will have a significant impact on the price trend of Bitcoin. From the fourth quarter of 2022 to the second quarter of 2024, there is a strong correlation between Nvidia and Bitcoin. However, recently, as artificial intelligence rebounds and Nvidia's stock surges, Bitcoin has not kept pace. Both asset prices have fallen to new lows, indicating a deepening consolidation. The market is about to respond to the US employment data released on September 6th.