There are fewer exciting news in the entire cryptocurrency circle, but today's A-shares are quite exciting. So far, the Shanghai Composite Index has risen by 1.55, the Shenzhen Component Index has risen by more than 3.5, and the ChiNext Index has risen by more than 3.8. The biggest reason for this may be that the US interest rate cut is coming. According to analysis, if the interest rate cut cycle begins, about 7 trillion US dollar assets may flow back to the RMB. So there are still 10 trading days before the first cut, and it is normal market behavior to start speculation. Moreover, with the early speculation on Friday, it is very likely that there may be heavy news on the weekend to continue to stimulate the stock market next week.
On August 29, the Bitcoin ETF had a net outflow of 71.8 million US dollars, and the Ethereum ETF had a net outflow of 1.7 million US dollars.
Sun said that neither he nor SUN DAO sold SUN. As soon as he spoke today, there was an immediate rebound. However, as the most famous dark lamp in the currency circle, Sun did not seem to bring down the MEME sector this time. I don’t know whether it has stood up this time or the time has not come. I will not list some of the previous feats. Everyone should know.
There is no news worth paying attention to. Let’s look at the two on-chain data
The percentage of Bitcoin profit supply has basically returned to an equilibrium value, from the red line to the green line. This also shows that the big cycle of the bull market is still there, but it has returned to a more balanced stage. The market is gradually maturing and no longer violently rising and falling. It is very different from 2017, more like after 519 in 2021.
Let’s look at another on-chain comprehensive signal model
This model is a model that combines multiple bullish signals. Since August, the blank area has basically been included. From the law of the cycle, it can be seen that the blank area should not exceed 2 months. If it exceeds two months, it can basically be declared to have entered a bear market, that is, there must be a wave at the end of September. Even if there is no new high, there must be a signal to stimulate the market. That basically fits the interest rate cut node.
In the current market situation, I have dozens of response plans
If you can keep up, please leave a message and let me see it!
