In the past week, Uncle San and his assistants have moved some cash into the market again, and have covered their positions before the interest rate cut based on their original positions. In the past week, Tether has minted 3 billion USDT in total, and with the sudden surge in the Tron system and a certain unpopular copycat, it can be clearly believed that the market has quietly begun to prepare, and smart money has made sufficient preparations.
Just now, the market started to fluctuate again in a short period of time. From this market, it seems that high-leverage players who do contracts have been played to the point of losing their temper. At 2 o'clock in the evening, the Federal Reserve will release the minutes of the July FOMC meeting. I roughly understood the current scale of the US debt reduction. It doesn't matter if I don't look at it. From June 2022 to the present, the US debt reduction has reached 1.7 trillion US dollars. Combined with the US Labor Bureau data revised in the evening, isn't the market full of excitement?
Regarding this rate cut, there is no doubt that it will be 25 basis points, and the market does not need to continue to speculate on 50 basis points. Under the market gene of selling expectations, the final landing price of 25 basis points will definitely be cleaned down. However, if we consider the magnitude advantage of debt reduction, after the starting point of a small interest rate cut in the fourth quarter of this year, if the balance sheet begins to expand, the market liquidity will sweep every corner of the circle. Sanshu estimates that the probability of this is more than 50%.
CZ was about to be released at the end of September, and sure enough, an accident happened in the US when there shouldn't be an accident. The new class action lawsuit in the Seattle federal court looks very serious, I hope CZ can survive this test. The concept of staking and re-staking has moved from reality to web3, and now it has returned to reality. This is a vivid teaching.
The recent market is indeed not very interesting, and the garbage time is expected to be over. Looking back at the period after 312 or 519, the disordered rise and fall is actually a pre-signal of the formation of an orderly trend. With the rapid surge in contract positions, this disordered ups and downs will become more and more frequent, until the last fake fall, the market returns to the right track, and the market moves forward.
The copycat blockchain game sector exploded yesterday with the release of Black Myth: Wukong. Rationally, I don’t recommend that you chase it. Sanshu live-streamed this game for five hours last night, with a peak number of 18,000 people online. This is a pretty good number for a non-professional game anchor to have this data for the first time. Objectively speaking, the game experience is okay, but as a domestic game, there is indeed a lot of room for improvement. I also received a small bit of luck in receiving a WeChat message from a fan in the circle saying that the game anchor’s voice is very similar to mine.
BTC: Today's and yesterday's market conditions are basically the same. From the trend, it seems that Bitcoin is continuing to test the right support, but the strength is not strong. Therefore, I have always believed that a false fall before the confirmation of the high position will have a stronger bottom confirmation significance. The breakthrough of 63,000 points will be even less blocked. The sign of a short-term high-level strength is the breakthrough of 63,000 points, which still needs time. The bottom continues to focus on the support range of 59,000 to 57,300 points. The fluctuations in the upper and lower highs and lows are all short-term market adjustment processes, and there is not much room for operation.
ETH: Ethereum is linked to Bitcoin during the day, with the same trend.
SOL: Solana and other big cakes will see a pullback after filling the gap, and see if it can provide an opportunity. The ideal price is adjusted from 130 points to 120 points. The lowest price during the day is 140 points, and an opportunity will be given immediately.
TON: Intervene directly when it pulls back to 5.8 points. There may not be any opportunities in the short term. Pay attention to the support below near 6.5 points and adjust the long position first. It is expected to be strong for a period of time.
The panic greed index is 26, a state of fear. After Bitcoin hits the bottom, the first-tier stocks that are expected to rebound strongly are sats, ton, tia, near and mkr. Musk called for doge again, and a wave of hype is expected. I won’t talk about the Tron system here. According to Sun Ge’s previous trading logic, it will generally continue for a long period. Let’s see if you dare to chase it.
If you haven't joined the tg group yet, copy the link and join the group quickly. Big moves are about to begin soon.
Finally, stay away from leverage and stock up on spot goods! #美联储何时降息？ #美国CPI数据连续第4个月回落 $BTC
