Good morning, brothers. Last night's CPI data was positive, with a deep V rebound. Then the interest rate meeting and Powell's speech at 2:00 a.m. poured cold water on the market. Powell's speech was quite restrained, trying hard to dispel the market's premature optimism.

Originally everyone thought that there would be two interest rate cuts, but the dot plot cut the expected interest rate cuts from three times this year to one time, and raised it to four times next year.

The dream of interest rate cuts has to be put on hold. Mr. Bao doesn’t want to pop the champagne in advance to avoid being slapped in the face by excessive inflation later.

Judging from the on-chain data, stablecoins have rebounded in the past few days and BTC in exchanges has flowed out.

The release of various economic data in the future is crucial. Subsequent employment, PMI and other data will become important sources of fluctuations in the cryptocurrency circle. If various data show that inflation is cooling down, the possibility of a rate cut in September will be strengthened.

I summarized it for you in early June:

From a big cycle perspective, we are currently on the eve of the Federal Reserve's interest rate cut cycle. The day after tomorrow will be beautiful, but tomorrow will be cruel. Many people will fall tomorrow. This includes abnormal economic data, the#Mentougouincident,#warconflicts, etc.

The correction a few days ago has caused a group of people to fall, they were knocked down by abnormal economic data (non-agricultural data), yesterday's short sellers fell again, they were knocked down by abnormal economic data (CPI), yesterday's people who chased highs and opened longs fell again, they were knocked down by Bao's speech. In such a complicated situation, how do we view the development of the market in the future, and how do we operate now?

We need to think from the perspective of dog dealers. Now many copycats have fallen to a relatively suitable position. Inflation is falling. There will be at least one interest rate cut this year and four next year. Investment is speculation expectations. Can they make money by continuing to smash the market or by going sideways and rising slightly?

You must buy low and wait for the expected rate cut to push up the price to make money. Therefore, we just need to hold the currency patiently. If you buy value spot and don’t chase high PEPE and other coins, don’t panic. If it is a contract, reduce the position or change to spot.

Top 5 100x Altcoins That Will Make You a Millionaire in 2024!

1.TON

Toncoin is an open-source network that has had a significant impact on the altcoin market. Known for its fast transaction speeds and smart contract capabilities, Toncoin is affiliated with Telegram and has attracted a large user base.

main feature:

• Efficient Transactions: Toncoin can process millions of payments in seconds.

• Market sentiment is bullish: Toncoin has grown by over 390% in the past year, reaching an all-time high of $7.78.

It is predicted that it may reach $10 in the near term and $15 by the third quarter.

2. What

Kaspa uses a proof-of-work consensus model designed to solve the high orphan block rate problem in the blockchain industry. It incorporates certain aspects of the Bitcoin consensus method to ensure decentralized decision-making.

main feature:

• Strong Market Performance: Kaspa’s price has surged 1004% in the past year and analysts are optimistic that it will cross the $0.2 mark soon.

• Positive Indicators: Kaspa has seen 15 up days in the past month, indicating a bullish trend, making it a top altcoin to invest in.

3.STX

Stacks is another valuable altcoin to consider. Despite the recent bearish trend, there are signs that the bullishness will make a comeback.

main feature:

• Market Resilience: Stacks has established support above $2.2 and is likely to retest its all-time high at $3.84.

• Positive Forecast: Thinks that the price of Stacks could reach $2.54 soon and could rise further if market conditions improve.

4.BONK

Bonk was launched on December 25, 2022, with the goal of rewarding active contributors and revitalizing the Solana ecosystem through airdrops and community engagement. The price of BONK peaked at $0.00003419 in December 2023 after news broke that Solana SAGA smartphone users were getting a free Bonk airdrop. This sparked a buying frenzy that caused SAGA phones to quickly sell out of stores and drove a massive rally in the $BONK meme token.

5.WIF

Another notable meme coin in the Solana blockchain is Dogwifhat (WIF), which was launched in October 2023. This cryptocurrency has a unique theme that focuses on a Shiba Inu wearing a pink knitted hat, reflecting the meme culture that is prevalent in the cryptocurrency world. Dogwifhat’s market performance has shown significant volatility, a common feature of many meme coins. Its value has surged significantly after being listed on some well-known cryptocurrency exchanges such as Binance. The listing caused its value to rise by nearly 50% in one day to about $0.34, but it is still below its all-time high of $0.4814. At the time of writing, the cryptocurrency has a market cap of over $218 million, indicating high trading and investor attention.

For more opportunities, please see the introduction!