TechFlow news, August 29 — According to the latest weekly report from Matrix on Target, Bitcoin is entering a critical phase where technical and macro factors intersect. Since August, Bitcoin has declined by 3.9%, with consolidation expected to continue for another 2–3 weeks. The report highlights that key events in September—including non-farm payroll data, CPI figures, and the Federal Reserve's interest rate decision—will add to market uncertainty, especially as September historically underperforms (down in four of the past ten years, averaging a 2.5% decline). Currently, Bitcoin is oscillating within a neutral trading range, with most investors adopting a wait-and-see approach.
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