September isn't here yet, but the market is already restless. The probability of the Federal Reserve cutting rates has soared to 94%!

What does this mean?

It's almost certain that interest rates will be lowered, it's just a matter of whether it's a 25 basis point or 50 basis point cut!

Market funds are responding quickly; BTC is less than 5% away from its historical high, and technical patterns are showing clear signs of strength. Many people are starting to ask:

$118,000—could this be the new high target for BTC?


Interest rate cuts = catalysts for market explosion


Everyone knows that lowering interest rates means liquidity, and when liquidity is released, the first beneficiaries are risk assets.



Money in the bank earns no interest, so everyone has to invest in cryptocurrencies and stocks.


The cost of borrowing is decreasing, more people are going long, and leverage will gradually increase.

Market liquidity is ample, and Bitcoin, as 'digital gold', will inevitably benefit the most.


Look at the chart, BTC is already at the starting line.


Currently, the BTC price is stuck at a key position:



The weekly chart shows a bullish engulfing pattern; as long as the weekly close is above $105,534, the upward trend may fully commence.


The daily line is challenging the upper channel at $107,858. Once it breaks through, the target can directly look at $112,000, $116,000, or even the theoretical peak of $118,000.

These are not just random thoughts; they are results derived from graphs and model simulations.


On-chain data is also speaking: large funds have already entered!


Do you think the market is quiet now? In fact, smart money has already quietly positioned itself:


Long-term holders have increased their holdings by 800,000 BTC in a single month, setting a new historical high.



The market cap of stablecoins has increased significantly, surging over $2 billion in just five days; this is real money.

ETF continues to accumulate, Coinbase hits new highs, Circle successfully IPOs, and the process of institutionalization of crypto assets is accelerating.


This is not retail frenzy but rather a planned entry by large funds.



Of course, we must also be wary of some variables:


Geopolitical conflicts (like Iran-Israel) may still bring short-term emotional fluctuations.

The Federal Reserve's tone has changed, which could trigger short-term fluctuations.


The early stages of a bull market are marked by violent fluctuations, and there will be no shortage of shakeout tactics.


However, focusing only on risks without looking at opportunities will not lead to big profits.



The market is approaching, the main forces are lying in wait, and retail investors are hesitating—are you ready?


I'm Mike, an on-chain analyst, helping you pierce through market noise and position yourself in potential coins ahead of time. If you want to earn excess returns in this bull market, remember to follow me, and let's get on board steadily together! ##币安Alpha上新