Market analysis:
Last night, Bao's speech made the Air Force cry and scream. He made it clear that there would be a rate cut in September, and expressed strong confidence in suppressing inflation after the rate cut. In addition, the US media claimed that the US economy was not in recession, so retail investors bought US stocks one after another, and gold, crude oil, and Bitcoin also rose one after another. A considerable part of the funds for this wave of rise came from retail investors. After waiting for more than half a year, retail investors finally took the bait and jumped on the train. Each round of rising cycle is generally divided into three stages. The first stage is the entry of a small number of bargain-hunting funds, the second stage is the institutional-led pull-up, and the third stage is the retail investors taking over and pulling up. Now retail investors have finally entered the market, but I have always held a negative view on whether retail investors have the ability to continue to buy. Even with the stimulus of the Fed's rate cut, global funds can't find good investment targets. The water released will only continue to idle in the financial system and cannot flow to enterprises and residents. It's not that retail investors don't want to take over, but they really don't have the money to take over. Once the banker realizes this problem, the market will experience more serious panic selling. Back to the market, I think this wave of pull-up is not sustainable. The pressure levels that need attention above are US$65,000 and the high-pressure range of US$68,000-70,000. I will pay close attention to these two pressure levels in the next few days. Once it is confirmed that the market cannot break through these two positions, I will continue to short without hesitation.
The Federal Reserve cuts interest rates in September. Can the cryptocurrency market really see a surge?
Lowering interest rates tends to push up the prices of various assets, including real estate and stocks. This is because the cost of capital decreases, and investors are more willing to take risks to buy assets. In addition, lowering interest rates will also lead to currency depreciation, and the price of real assets will rise accordingly. In such an environment, the stock market and other investment markets are prone to form a bull market.
The interest rate cut is intended to stimulate economic activity, and investors may expect the economy to recover, making them more optimistic about corporate earnings and market prospects. This optimistic expectation will further drive the market up and form a bull market.
Pay attention to the strongest tracks and targets in recent days:
Big Pie Ecology: ordi sats rast dog
Ai:fet arkm LPT……
Game:ygg sui
Sun Ge Ecology:sun
bsc ecology:BSW
RGB＋:CKB
meme track:Pepe floki people turbo
The market is very violent at present. Here is the password of Ethereum’s core narrative
Pectra upgrade is an upgrade that Ethereum will carry out in Q4 (if postponed to Q1 of next year), and few people in the market have mentioned it. The best target of this upgrade, $SSV, is currently at the bottom after a round of wash-out. Some funds have already begun to deploy in this area, so those who eat first will get the meat.
The Pectra upgrade mainly upgrades Ethereum's 32 nodes to 2048 nodes, which is beneficial to tracks like $SSV. The merger, Shanghai upgrade, and Cancun upgrade all increased Ethereum by dozens of points, and it is normal for small coins to increase by several times. The Pectra upgrade is much more important than the Cancun upgrade. Everyone knows about the last Cancun upgrade, but it didn't make any money. This time, no one paid attention, so it was a sneak attack. It is expected that the recent Ethereum developer conference will keep mentioning this, and many people will discuss it next.
$SSV is fully circulated, with a market value of 212 million. It is a paper from the Ethereum Foundation, and its technology is included in the Ethereum 2.0 roadmap. The SSV code can be found in the Ethereum code base. It is the leader in DVT, and it has been washed out for a long time, so few people have chips in their hands.
Expected benefits:
Staking on Ethereum ETF.
Coinbese invested in SSV, listed on Coinbase and UPbit.
The funds brought by the Pectra upgrade enter the Ethereum ecosystem.
The SSV token model is about to change. Staking with SSV can reduce the transaction fees for people staking Ethereum and share the network fees. (Empowering and reducing circulation) SSV TVL is growing rapidly. Currently, 1.3 million ETH (3.6 billion US dollars) is staked, and it is expected to exceed 5 million ETH.
It is currently at the bottom and is also a valuable project. There is little room for the copycat to fall and it can increase several times in one pull.
SSV is also considered a strong coin. It has risen twice in the past two years, once from 7-50 and once from 11-66.
