Analysts predict BTC may rise step by step or trade sideways in the next two weeks

According to Shenzhen Chao TechFlow, analyst Axel Adler Jr pointed out that according to CryptoQuant data, BTC futures have a premium relative to spot trading, with a basis that is consistently positive and the 7-day basis is higher than the 30-day basis, indicating a bullish pattern. On September 18, East Eighth District time, an overheating signal appeared before the Federal Reserve meeting. The short-term overheating phenomenon indicated that this round of rise had entered the later stage. The analyst said that there is about a 70% chance that the pace will rise or sideways in the next two weeks. If a cluster of green trend confirmation signals appears in the coming days, it will indicate new bulls participating and increase the possibility of a record high.