In the four-hour market, Bitcoin has returned from 65,000 points to 62,000 points, Ethereum has also returned from 2,800 points to 2,600 points, and a small number of altcoins have returned to the low point of the recent rebound. Technically, Bitcoin's four-hour divergence was briefly digested, and there was no additional negative news on the macro side. The market adjustment focuses on tonight's trend.
Yesterday, the speech by San Francisco Fed President Daly echoed Powell's previous dovish remarks, and was interpreted by the market as the strongest signal of the year's interest rate cut. As the interest rate cut continued to ferment, yesterday's net inflow of US Bitcoin spot ETF reached 202 million US dollars, and the net inflow of Bitcoin reached 400 million US dollars for two consecutive days. The net outflow of Ethereum spot ETF was 13.2 million US dollars. The off-market expectations for Bitcoin are still very strong.
From the data, I don’t think that the market will hit a new low before the rate cut. Looking at the macroeconomic impact of historical monetary policies, if this round of defensive rate cuts leads to a soft landing of the economy, the 312 black swan event after the last rate cut cycle will no longer occur. Instead, there will be a short sell-off after each positive news, which will have a very limited impact on the macro trend.
After the content was released yesterday, it caused quite a lot of discussion in the community. Many old fans who had not contacted for a long time became lively during the day. In fact, the things that are being prepared are some necessary preparations for the possible last round of retail bull market cycle. It is unknown whether a hundred flowers can bloom, but more flowers are always needed.
There are still many partners inquiring about the dogs activity now. What’s over is over. There may be greater opportunities to get more benefits in the future. However, there is a small opportunity today. New BG users can receive more than 30,000 dogs. After the specific activities are studied, the support will be issued. The volume is very different from the previous few days, but it’s better than nothing.
I met with the person in charge of Zhongke Storage in the afternoon, mainly to further discuss the Aleo mining machine mentioned yesterday. I have never come into contact with anything other than Bitcoin mining machines before. The boss is quite right. The old miners who should withdraw have withdrawn. This is the opportunity for latecomers. The leaders of the crypto world are also miners.
Many first-level bosses on X are giving everyone a tutorial on the aleo test network to get airdrops. I took a rough look at the logic. According to the proportion, the test network's efforts for a month are not as good as the output of an Ethereum mining machine in a day. The cost-performance ratio is too different. The afternoon memorandum temporarily set a quantity of 100 units, which covers half of the current bullets retained by asset management. The chip machine's 2 million computing power is worth looking forward to. Whether it can reach the annual ten-fold mentioned by the merchant has no basis for the time being. The predicted price of the token launch next month is 20 times the current futures price. Combined with the upcoming wave of interest rate cuts, it should be safe to plan a return of three to five times!
The arrest of TG's boss has attracted more and more international attention. The relevant charges are confirmed to exist, but there is no evidence to prove it. It looks like it will not be released in the short term. Ton reached 5.02 this morning and bounced back a lot, almost hitting the bottom. If you are worried, you can exit after a small retracement. A gentleman does not stand under a dangerous wall. If you want to gamble on this, remember to set a stop loss.
The only thing that has a big impact this week is the data on Thursday and Friday, which is probably because the result of the September rate cut is too large. Data is always lagging, and after giving a certain signal last month, this week's data will only be more favorable to the risk market. The adjustment period of the market will not take many days, so don't be scared away by the scam.
The meme concept on the sector died out very quickly, so we can temporarily move away from it. Recently, a certain An has been artificially creating a bull market for small currencies. The last contract directly pulled up more than 30%. These are currencies that have not been in demand for a long time. It is normal that you can't buy them, so don't be emo. The sector to be launched next is expected to be the old public chain concept. The retained funds and market actions still have influence. There is sufficient expectation to ignite first, so you can focus on it.
BTC: As we saw yesterday, the trend market is a confirmation action before a reversal. The bottom range support of 61300 to 61800 points was just touched at night, so tonight is very important. If the support level is not broken, the target pressure level of the upward movement will test the position of 70,000 US dollars. It is inclined to this position to buy low. There is a small probability of breaking the support range directly. If it really goes down, it will take some time to draw this door and come up again. It is completely inconsistent with the logic of the data. Hold your breath and wait and see.
ETH: Ethereum is much weaker than Bitcoin, and the support level is about to break. I just checked the situation on the chain. Ethereum has not had any unexpected oversold behavior in the past two days. It is really helpless to be able to fall like this. Wait for the exchange rate to rebound.
SOL: Solana only gave an opportunity of 140 points in the early stage. It is slightly strong in the short term, and funds have flowed back slightly. It is better to wait and see during the adjustment period of Bitcoin in the next two days.
TON: The bottom stop loss is lowered to five US dollars. Just don’t worry about the situation. If you are worried, it can rebound as mentioned above. Personally, I still decided to hold it in case the other party’s background becomes strong.
JUP: The daily line is going to have large volume, the point of 0.85 is in place, and it will run if it falls back below 0.8, and go up to at least above one US dollar.
The Fear and Greed Index is 48 today, in a neutral state. The cottage sector has been sorted out, and some of the previous highs can be sold in batches.
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! #Telegram创始人被捕 #新币挖矿DOGS #美联储何时降息？ $BTC
