Bitcoin dey face seasonal drop for September as Fed policy no clear
Bitcoin dey historically underperform fo September, average decline na 3.77% since 2013. As e reach early September, BTC dey trade near $108,800, dey test support around $108,000. Crypto Fear & Greed Index sharply drop from 75 to 46, mean say fear dey increase and liquidity dey go down for crypto market. Traders dey price 87% chance say Fed go cut rate by 25 bps for Sept 16–17 meeting, wey go bring more risk for volatility. Technical indicators show say market dey consolidate: RSI at 40 mean say selling pressure dey increase; ADX at 20 mean say no clear trend dey. Key Bitcoin levels na $105,000 support and $113,000 resistance. Ethereum (ETH) dey trade near $4,363 with RSI 57 and ADX 28, but e no fit hold $4,500. XRP dey $2.76, below im 50-day EMA, with RSI 40 and ADX 19. Because seasonal weakness and Fed policy dey uncertain, traders suppose favor range-trading strategies, reduce leverage, and dey watch Fed guidance plus inflation data for catalyst-driven moves.
Bearish
September dey get one historical pattern wey show say Bitcoin dey underperform, e dey average drop of 3.77% since 2013. The sharp drop for Crypto Fear & Greed Index from 75 go 46 dey show say fear don take over sentiment, and that one fit make market move sharp-down more. Plus, Fed policy still dey uncertain—market dey price in 25 bps rate cut well-well, wey dey cause wahala around September meeting. Technical indicators (RSI~40, ADX~20) dey show say market dey consolidate, no be bullish trend, and BTC dey test important support at $108k. Similar past events (like Red Septembers for 2014, 2018) see same kind sell-off as traders dey take profit and liquidity reduce. Short term, all these ones mean say bearish pressure dey. Long term, fundamentals still solid, but traders suppose make dem cautious and prepare for sharp moves wey go come from important macro events.