#八月市场震荡不休，九月行情怎么看？ #币圈观察员 The impact of the US dollar liquidity on the encryption market will become more apparent after the launch of Spot ETF, but the impact of the Fed's interest rate cut on the BTC price is complex. The market reaction to the interest rate cut may be advanced or lagging, and it is affected by various factors. It should be noted that in certain situations, such as concerns about economic recession, uncertainty in regulatory policies, and reversal of market sentiment, there may be some selling pressure on BTC. Moreover, the Fed's monetary policy is an important factor affecting BTC price, but not the only factor. Therefore, it is necessary to closely follow various factors in the market in order to make rational investment decisions.