Analysis: Bitcoin is expected to retest $120,000, the impact of the Fed's interest rate cuts is still waiting to be digested by the market.

Golden Finance reports that Bitbank analysts point out that Bitcoin may digest the impact and test the $120,000 mark within a week after the Fed's first rate cut in nine months. The CME FedWatch tool shows that 92% of traders expect the Fed to cut rates by another 25 basis points in October; 72% of Myriad prediction market users also share the same view. Despite the bullish technical outlook, the options market shows that traders are mainly selling premiums and setting a rise cap between $125,000 and $150,000, rather than making aggressive directional bets.

BTC-1.46%
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Leonelvisluzardovip
· 4h ago
¡A tope! 🚀
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