Macroeconomic aspects

Reuters survey: 92 of the 101 economists expect the Fed to cut 25 basis points on September 18, while 9 economists expect a 50 basis point cut. Currently, CME gives a 66% probability of a 25 basis point cut in September. If there is a 25 basis point cut in September, it will be Favourable Information, which can alleviate market concerns about recession expectations and reduce the outflow of funds due to fear, uncertainty and doubt.
Regarding ETFs, on September 10th, the net inflow of BTC Spot ETF in the United States was $116 million, and the net inflow of ETH Spot ETF was $11.44 million.
On the on-chain side, the monthly average volume of centralized exchanges has been decreasing, currently lower than the annual average volume. This indicates a decrease in investor demand and reduced trading by market speculators.
Market situation
BTC is still in a volatile trend, with some pressure above 57000, which will test demand intensity.
Tonight, the US will release the CPI data for August, with a previous value of 2.9% and a forecast value of 2.6%. Inflation data is not the market's top concern at the moment, but it will have a short-term impact on the token price before and after the data is released, so it also needs to be followed.
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