Matrixport: Historically, September returns are negative, and the market is about to respond to the US employment data released on September 6

Odaily Odaily News Matrixport released a chart saying that Bitcoin is about to usher in the most challenging month of September. It said that historically, the return rate in September is negative. This year has added 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 election debate (Harris versus Trump). This September will have a significant impact on Bitcoin's price trend. From the end of 2022 until the second quarter of 2024, there is a strong correlation between Nvidia and Bitcoin. However, with the recent rebound in artificial intelligence and the surge in Nvidia's stock, Bitcoin has not kept up. The prices of both assets are breaking new lows, indicating that the depth of consolidation has increased. The market is about to respond to the US employment data released on September 6.