Analysis: Bitcoin has recently shown a "buy in Asia, sell in the US" trend

Crypto analyst Miles Deutscher said that Bitcoin has recently shown a "buy in Asia, sell in the US" trend. Bitcoin's cumulative return in the Asian trading session over the past two weeks exceeded 5%, while the US trading session showed negative returns. The important data next week will be the August non-farm payrolls report released on Friday, September 6. The weak performance of the July employment report may be the impetus for the Federal Reserve to promise a rate cut in September. However, the market currently expects a 25 basis point rate cut in mid-September. But if the second consecutive month of weak employment data, investors may quickly expect the central bank to take a 50 basis point rate cut, which will provide a strong positive stimulus to risk markets (including Bitcoin). If the September employment report is strong, the market's expectations for loose monetary policy may be weakened. Regardless of the outcome, volatility may occur in the future, and the probability of upward volatility is about 50%.