[Analyst: Easing expectations already priced in, rate cuts unlikely to drive Bitcoin rebound beyond $120,000] BlockBeats News, September 8, BTC Markets cryptocurrency analyst Rachael Lucas stated: 'The weak U.S. jobs report has indeed sparked expectations that the Federal Reserve may adopt a more dovish stance, which typically supports risk assets like Bitcoin. However, the market has already priced in a certain degree of policy easing. At the same time, we are seeing institutional investors taking profits, while ETF fund flows remain relatively stable. Bitcoin's resistance level is at $113,400, with further resistance at $115,400 and $117,100. Breaking through these resistance levels would indicate that the market has absorbed recent selling pressure and is ready to retest the highs.' Kronos Research Chief Information Officer Vincent Liu also stated that even if the Federal Reserve decides to lower interest rates, Bitcoin's price may remain subdued. 'Rate cuts could reflect economic weakness, while persistently high inflation and cautious risk sentiment limit risk appetite. Without stronger ETF inflows or genuine liquidity expansion, the $120,000 level will remain a difficult barrier to overcome.' (The Block)
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