🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
Bitcoin investors please note that significant price fluctuations may occur tonight. Some analysts tend to hold an optimistic view on the future of Bitcoin, mainly based on two considerations:
First of all, from a fundamental perspective, an important economic report will be released tonight. The Federal Reserve will publish the Beige Book on the economic conditions at 2:00 AM on September 4, 2025. This report may provide new clues for the Federal Reserve's future interest rate cut decisions and potentially signal more easing policies.
Secondly, from a technical analysis perspective, Bitcoin has completed a five-wave decline on the daily chart, while showing a clear bottom divergence signal. This often indicates that the downward momentum has exhausted. Additionally, there are signs of increased trading volume in the bottom area, which may suggest that the market is undergoing a bottoming process. Currently, this bottoming range is roughly between 107,000 and 113,500 USD.
Although there is still uncertainty in the market direction, these factors combined provide some basis for a potential rebound in Bitcoin prices. Investors should closely monitor the contents of tonight's economic report and its immediate impact on the market, while continuing to observe Bitcoin's performance near key support levels.
However, the cryptocurrency market has always been highly volatile, and investors must conduct thorough research and risk assessment before making any decisions. No matter how the market fluctuates, maintaining rationality and caution is always a wise choice.