Analysis: Bitcoin has recently shown a trend of "buying in Asia and selling in the United States", and there may be upward stimulus next week

Crypto analyst Miles Deutscher said that Bitcoin has recently shown a "buy in Asia, sell in the United States" trend. The cumulative return of Bitcoin in the Asian trading session over the past two weeks has exceeded 5%, while the US trading session has seen negative returns. The important data next week will be the August non-farm payrolls report released on Friday, September 6. The weak July employment report may be a catalyst for the Federal Reserve to promise a rate cut in September. However, the market currently expects a 25 basis point rate cut in mid-September. But if the second consecutive month of weak employment data, investors may quickly expect the central bank to take a 50 basis point rate cut, which will bring a strong positive stimulus to risk markets (including Bitcoin). If the September employment report is strong, next week may bring an upward stimulus, and market expectations for loose monetary policy may be weakened. Regardless of the outcome, volatility may occur in the future, and the probability of upward volatility is about 50%. (Coindesk)