Harris made her first statement: If elected president, she will encourage the development of the cryptocurrency industry. What is certain at present is that no matter whether the Republicans or the Democratic Party comes to power, the trend of being friendly to the crypto industry is irreversible. The trend is irreversible, and from an overall macro perspective, it is all good news.

The daily line of Bitcoin has already stood above ma120. If it does not fall below around 62,000, then this indicator will remain valid, which means that the trend is officially opened and the market will continue to rise. There is no other choice.

There is no need to worry about the market trend. Now you only need to do one thing, which is to actively participate in industry hotspots and seize every hard-won opportunity.

Summary of recent and upcoming positive news:

1. The Federal Reserve cut interest rates by 50 basis points, starting a cycle of interest rate cuts, which is the first rate cut since March 2020. The market originally expected a 25 basis point cut, which exceeded expectations. The rate cut finally came, and the first positive news appeared. The Fed officially entered a loose state. The more funds overflow, the more beneficial it is to the market. It will continue to cut in the future!

2. CZ will be released on September 29th. He is currently serving a 4-month sentence and has just been transferred. As the soul of a certain An, CZ's potential release will have certain benefits to the An series in the short term. For example, related concepts such as MEME, Four, and CZ are all performing well, as well as the projects invested by An. His personal dynamics also directly affect everyone's confidence in the market in the future. I look forward to his return.

3. Last week, 6,573 US spot BTC ETFs were purchased. As mentioned in September, as long as you dare to sell, someone will dare to take it. This significant growth shows that the market is constantly attracting goods. Currently, there are 7 consecutive positive days, and BTC has increased from 5.7W. When it reaches 6.4W, if you take a short break and insert the pin, it will continue to rise. A breakthrough of 7W will be a matter of time.

4. USDT negative premium rate reached 1.81%, and the lowest price fell to 6.93. Since U is benchmarked against the US dollar, the impact of interest rate cuts on U is the greatest. A large number of US dollars are held globally. Smart funds will buy more crypto assets, such as BTC and ETH, to hedge, which will indirectly increase their prices. The best way for retail investors is to follow, wait for a big bull market, then exchange back to U, and then wait for U to appreciate by 7 before selling.

5. The ETH/BTC exchange rate has rebounded to above 0.04, and the exchange rate will continue to rise. Currently, the price of ETH has rebounded to around 2,600. The real barrier above is 3,000. There are some trapped orders, and a breakthrough is not a big problem. It takes time. ETH should rise later and take BTC with it. This time, Vitalik has attracted a group of Asian funds in Singapore, and the layout is good and is being planned.

When will Bitcoin’s bull run begin?

Bitcoin needs to stay above $64,000 for multiple daily candles to confirm a trend reversal. Several recent attempts to break through $64,000 have failed to hold, reflecting that Bitcoin is still in the rebound phase of a downtrend.

Key support and resistance: Bitcoin is currently trading near the bull market support line. Although it has not broken through the 200-day moving average, it is still a good signal to stand firm on the support line. Next, whether it can close above 64,000 will be the key.

The impact of Bitcoin's market share: Bitcoin's market share has recently fallen from 58.61% to 57.6%, but it is still at a higher low. If the market share falls below 56.92%, altcoins may have a rebound opportunity; but the current market share is still in a two-year upward trend, and Bitcoin is still the dominant force.

Ethereum and altcoin performance: Ethereum has been strong recently, rising by about 15% in the past few days, and its valuation against Bitcoin has also shown signs of turning upward. In contrast, other altcoins such as ADA, MATIC, and DOT are still hovering at low levels. Ethereum's good performance has positive significance for the rebound of altcoins.

Future focus: Focus on whether Bitcoin can break through and stabilize above 64,000, as well as changes in market share. If Bitcoin successfully breaks through the key point, the entire market sentiment may quickly turn optimistic. At the same time, whether altcoins can usher in a wave of increases will depend on the trend of Bitcoin and changes in market share.

The current overall market situation:

The overall trend of the current industry is to shift towards structuring and head-oriented, with the stock concentrated in the head, and this round of innovation is relatively lacking. Market expectations are temporarily pessimistic, and the belief in primary market investment has collapsed. Professional institutions have accelerated the entry of quantitative into the secondary market, and the speed at which retail investors make money has slowed down. The marketing costs of second-tier exchanges have been significantly increased.

Direction of future market opportunities:

Today’s projects are gradually moving away from concepts such as narrative and TVL that supported VC valuations in the past, and are more focused on user experience, financial data, and the health of protocol revenue.

In addition to the positive variables of the US election and continued interest rate cuts at the macro level, decentralized AI, which is becoming increasingly mainstream, is also showing signs of becoming a catalyst for the next bull market.

There is a clear increase in the two major infrastructure construction tracks, namely decentralized stablecoins and payment applications. The TON and SOL ecosystems are the two ecosystems closest to the general public and have structural trading opportunities.

The market will subsequently tend to concentrate liquidity on high-quality and undervalued liquid assets and new assets that can introduce new popularity and users.

The current situation is neither a bull market nor a bear market, but a chaotic period before the bull market begins. But what is worth being happy about is that after several cycles, the overall direction of the cryptocurrency circle is developing in a positive direction and becoming more mature!