Judging from the current market trend, the overall market trend is slightly stronger, but the increase is limited. In the short term, the overall market will be in the range of 53,000-56,000, Ethereum will be in the range of 2,200-2,400, and Sol will be in the range of 125-135.
From a technical perspective, the market is still weak, and this week the focus will be on the release of CPI data and the debates among presidential candidates. These two pieces of news will affect the market trend, and we can only wait and see whether it is bullish or bearish.
The market was too dull over the weekend. Bitcoin trading volume showed signs of a bear market and shrunk significantly, but we are still confident about the future market. It has bottomed out twice in the short term. Although there is no obvious support at present, from the perspective of the altcoin market, the altcoin did not continue to fall with Bitcoin. Instead, it maintained a sideways adjustment or a slight upward trend.
This week's major economic events
On September 10, Apple will hold a new product launch conference, which may bring fluctuations to the US stock market.
Wednesday, September 11, US August CPI, US presidential candidates Harris and Trump debate on ABC News.
On Thursday, September 12, the number of initial jobless claims in the United States for the week will be released, and the European Central Bank will announce its interest rate decision.
On Friday, September 13, the University of Michigan Consumer Confidence Index for September was released.
9.29, CZ returns with glory
At the current macro level, the market generally expects a 25 basis point interest rate cut.
According to CME's "Fed Watch", after the Bureau of Labor Statistics releases unemployment data this week, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 70%, and the probability of cutting interest rates by 50 basis points is 30%.
Whether it is bottoming out now or will continue to fall, don’t guess, just wait until September 18th to know. It is not recommended to move during this period, at most make short-term intraday orders, and mainly wait and see conservatively. September is a month of trends guided by news and policies!
As Bitcoin (BTC) and Ethereum (ETH) experienced a deep correction and hit a second bottom, the following currencies showed excellent resistance to declines!
RWA Section:
Next week, ONDO will lower the entry threshold for its U.S. Treasury RWA product OUSG to attract more retail investors. The spot price is expected to be listed on Binance, with an expected increase of more than 30%. However, 1.94 billion tokens will be unlocked on January 19 next year, and the circulation volume will surge by 135%, which may bring asset dilution risks.
MEME inscription plate:
WIF: An active coin in the SOL ecosystem, with strong main capital and great growth potential.
SATS and PIZZA: Potential coins in the inscription sector. Benefiting from the support of UNISAT, the next wave of market is expected to rise.
NEIRO coin has risen sharply, and the BN platform has launched a capitalized NEIRO contract, with highly concentrated chips and active performance.
Public chain SUI section:
SUI coins rose. The game console launched by SUI started pre-sale, similar to the SOL mobile phone airdrop, and will focus on developing GameFi and DeFi ecosystems in the future. The monthly unlocking volume accounts for 2.6% of the circulation volume, and institutions have gathered together to pull the market after OTC.
L1 Game Section:
SAGA: Gaming L1 project, tokens locked until 2025, stable technology.
PIXEL, YGG: low market capitalization, the leader of gaming guild, the monthly line is at the bottom of the arc, worthy of attention.
Decentralized Finance (DeFi) sector:
PENDLE、AAVE、UNI
These tokens have shown strong potential in the market fluctuations and deserve our further attention!
No matter when, the cryptocurrency market never lacks opportunities for skyrocketing. The key is whether you still have USDT in your hands when the market comes. Treat it rationally and refuse FOMO!
Although the market performance in September seems to have verified the "September curse", I still hold the view that there will be a bull market in 2025. The current various economic recession remarks and negative news may be the adjustment stage before the bull market. The Federal Reserve has been cautious about interest rate cuts before, and it is expected that future interest rate cuts will be gradual to avoid over-stimulating the economy. This preventive interest rate cut strategy is healthy. Long-term spot, long-term investment, continuous buying, and wait for the bull market.
