Rate cuts on the way:
The interest rate cut channel was opened on the 19th. Whether it is 25 basis points or 50 basis points, for the market, it is the beginning of this round of money printing cycle, which means long-term and continuous positive effects on the capital side.
At 14:00 on Wednesday, the UK August CPI monthly rate and the UK August Retail Price Index monthly rate;
At 2:00 on Thursday, the Federal Reserve will announce its interest rate decision and a summary of economic expectations;
At 2:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending September 14 and the Philadelphia Fed Manufacturing Index for September;
At 11:00 on Friday, the Bank of Japan will announce its interest rate decision;
At 14:30 on Friday, Bank of Japan Governor Kazuo Ueda held a monetary policy press conference.
The probability of the Federal Reserve cutting interest rates by 25 basis points and 50 basis points in September is 50%.
Judging from the market reaction tonight, the 50 basis point rate cut is quite welcome. However, we still need to observe whether the Fed will cut the rate by 50 basis points next Wednesday.
Therefore, the future market trend is that BTC will fall back to 56,000-54,000 in late September after the expected positive impact of interest rate cuts is realized, completing a bottoming action similar to the three tests, and then be bullish in October.
As mentioned before, there is basically nothing to be bearish about the market in October. The expected rate cut by the Federal Reserve on the 19th was realized, and there will be no economic data after the Bank of Japan’s interest rate decision on the 20th. It is a news window period, so the BTC price has a chance to rebound and break through 60,000 in October. There is a great chance to reach 65,000-68,000.
Although there will most likely be a huge crash after the October market ends, that is something we will talk about later. Now let’s prepare our bullets to welcome this golden October market!
You must have your own reasonable position management plan, clearly know how much you want to earn in this round, how to roll positions, how to change positions, instead of buying everything you see?
Next, let’s take a look at which 50x high-quality currencies are worth investing in for the long term and hoping to catch a big bull market!
» $BABY
PEPE will make a comeback. From the perspective of price trend, Pepe (PEPE) has become the biggest beneficiary of the bullish headwind of Ethereum ETF. The leading meme, pepe coin, has no high transaction tax, which increases the trading and liquidity of pepe coin.
The price has recovered into the symmetrical triangle and the bulls seem ready to initiate a bullish breakout. As long as the main force starts to pull, all major social networks are frogs.
» $ON
Sui is one of the most popular copycats in the past year. The game consoles of Sui chain started pre-sale this week, similar to Solana's mobile phone airdrop. And this week it can be clearly seen that funds began to enter the Sui ecosystem. The BLUB and LIQ on its chain rose very rapidly this week, which produced a wealth-making effect on the Sui chain. Fundamentally speaking, whether it is trust institutions, game equipment pre-sales, or the proportion of market value, SUI's blue ocean map has begun to emerge, so this is also the benchmark that SUI has always focused on participating in.
» $DONE
Technical analysis shows that the downward trend line has been broken and the neckline will soon be broken. Interest rates will be cut soon. The fundamentals, funding and environment are all right. The target is 10 US dollars. Seize the opportunity when the price is less than two US dollars now.
Mid-September has arrived, and I have already fired more than half of my bullets. I will fire all my bullets in the remaining time and leave no regrets for myself. Looking at the daily chart, all small coins have been adjusting at the bottom for a long time, and the big coins have rebounded first. After the interest rate meeting on the 18th, there will be a good round of market conditions. Even if there is a sharp drop, it is an excellent opportunity to enter the market. I believe that the market in late September and early October will be a surprise!