Jiang Zhuoer: Market likely to dip before rising after Fed decision, BTC may test $84,000
B.TOP founder Jiang Zhuoer expects the Federal Reserve to raise interest rates by 25 basis points at the September 17 meeting. He anticipates market volatility following the release of the dot plot, which he expects to signal another rate hike later this year. Jiang suggests that Fed Chair Kevin Warsh's speech may provide a dovish signal, leading to a market path of an initial decline followed by a recovery. He projects Bitcoin could dip below $75,000 before rebounding to the $83,000–$84,000 range.
Summaries are written by AI from the original article. Not investment advice.