Will interest rates rise?
Fed officials predict: Both the June and September dot plots show that Fed officials are more likely to support another rate hike in 2023. The most recent dot plot shows that the probability of another rate hike in 2023 is 63.16%.
Market expectations: CME's interest rate futures show that the market still has an 81.4% probability that there will be no interest rate hike in November, and a 64.3% probability that there will be no interest rate hike in December.
Focus on time
Next, we need to pay attention to two time points (although the data is just so-so, the market will pay attention to):
October 6th 20:30 US non-farm data
October 12, 20:30 US CPI data
Bitcoin is sucking blood
Most altcoins are falling again, and only a few strong altcoins are following. To be honest, it looks like the beginning of a bull market, but it will take some time to confirm. As long as Bitcoin does not fall below 27,200 today and tomorrow and fluctuates above, you can buy spot coins with confidence. Of course, you can also buy in batches now, with a stop loss of 27,200 Bitcoin.
Today, I am looking for strong currencies to be bullish. The DeFi sector can be focused on. If you want to ambush, Cake is OK. If you want to trade strong currencies, LQTY is OK. The current volatility is relatively large, so you need to pay attention to stop loss. Prevent sudden changes in direction
Potential Explosive Coins in October
PHB
Spot: PHB breaks through the daily downward channel and falls back. You can enter the market at the current price of 0.6225, and the stop loss is about 0.56, the new low, about ten points.
$joe
You can open more. It is still at the bottom. This wave of copycats has exploded, and it has not risen yet. Ambush. Wait for my prompt to stop profit!
#MKR
Recommended ambush spot: the entry price is recommended to be in the range of 1440-1400, and the stop loss is 1350
The recent trend is relatively strong, coupled with the abnormal movement of the giant whales, and the transfer of the giant whales has just been received. A small ambush is sent to send a good pump
#FTT
It is still relatively promising that in mid-October, if the auction is successful and the debts are slowly repaid, it will be restarted. If it is restarted and operates well, I believe FTT will still have a very good multiple.
#WLD
It is also a relatively certain reserve price. After all, it has been publicly announced that the market makers will return the coins on October 23, and statistics show that there are only 80 million coins in total on exchanges and wallets, with a shortfall of 20 million coins.
Focus on the next step!
1. I mentioned before that 26,000 may be the low point of this year. Now it has gone through the main upward trend, and 35,000 is expected later.
2. The upgrade of Kunkan has been launched. The price of arb at a relatively low level of 0.78 has also been mentioned. Hold it firmly
3. Pay attention to the ETH futures ETF in mid-October. This will be a signal that the ETH/BTC trading pair has bottomed out. ETH will continue to be stronger than BTC, which means it will rise more.
4. Bitcoin production will be reduced next year. This hype theme can actually be used to seek a sword in the past. According to the previous halving trend, there will be a relatively high point one and a half months before the halving. We still have a lot of time.
5. Many oversold altcoins can be bought in this wave, but it is recommended to focus on new coins, such as Binance IEO coins, SUI, BLUR, ARB, etc. More detailed analysis will be written later.
6. October will be the airdrop month. The brothers who are playing with money should stay active on the chain and prepare for the best harvest.
7. BTC spot ETF is also worth paying attention to, but there may be more news about it in January next year.
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