Analysis: Bitcoin has recently shown a trend of "Asian buying, US selling"

Crypto analyst Miles Deutscher said bitcoin had recently shown a "buy in Asia, sell in the US" trend. Bitcoin has returned more than 5 per cent during Asian trading sessions over the past two weeks, while the US session has seen negative returns.
The important data next week will be the August non-farm payrolls report released on Friday, September 6. The weak employment report for July may serve as a catalyst for the Federal Reserve to commit to 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 action, which will provide a strong positive stimulus to risk markets, including bitcoin.
If the September jobs report is strong, market expectations for easy monetary policy may weaken somewhat. Whatever the outcome, there is likely to be volatility ahead, with a probability of upside volatility of about 50 per cent.