The market is expected to be very lively today, as it is rare to see such a big lineup from the Federal Reserve: there are seven people in total, including the Federal Reserve Chairman, five board members, and Treasury Secretary Janet Yellen, which is more than a basketball team. There are just enough offensive and defensive camps, and there are two substitutes. It can also be seen that the Federal Reserve and the Treasury Department attach great importance to communicating with the market after the first interest rate cut.
Especially now, the market is in the process of re-anchoring after the interest rate cut, and then begins to look forward to the rhythm of subsequent interest rate cuts. The main statement may be to appease the market's worried mentality and give certain expectations but not too high expectations. It depends on whether anyone comes out to pour cold water here.
After a brief pullback at the 4-hour level, Bitcoin is regaining strength to sprint forward. Once it stands near 64,500 again, the next opportunity will be a surge.
Compared with many altcoins, Ethereum’s performance in this wave is average, and it has not yet stabilized at 2700. Therefore, if you still want to continue buying, you can observe the opportunities after the pullback, or wait for the big cake to break 65,000 before buying. You can observe the current position!
The narrative of Meme has just begun, and copycats are recovering. Once adjustments are made, copycats will explode, and the copycat season will explode with the Q4 explosion.
Many MEME coins have basically bottomed out, but they are still divided into strong and weak ones. PEPE, WIF, FLOKI, BOME, and MEME coins are recommended. These coins have also experienced several deep washes in the past six months, and the bottom is relatively clear at this stage. As long as the big cake continues to rise, these coins can be bought in batches at low prices, and I believe they will set new highs.
This means that crypto confidence will continue until the end of the year, and at this time we should pay attention to high-quality copycats at the community or other levels.
Main line: Invest in BTC and the interest rate cut-favorable sectors in October, increase positions during corrections, plan for the end-of-year market, and wait for the main upward trend!
The next two meme event hot spots are predictable, timely, and have money-making effects.
First, Cz's cousin will be out at the end of the month! Memes about Cz.
Second, whether Trump can become the president of the United States will be announced in early November this year. If he is elected, related concepts such as Maga, Trump, and Fight, which have absolute community support, will definitely be hyped. At present, they have fallen a lot. After all, the early stage was very crazy. Such tokens are very likely to be hyped before the election results are announced. These tokens are also opportunities.
Now, it is not meaningful to speculate too much about the height of the market within the year. As mentioned before, the future definition of the macro trend, how high can the big cake or the cottage season reach? It has little relevance to what kind of results we can get in the end. For example, now, as long as the big cake maintains above 62,000 points, it is a short-term bullish trend of upward impact of 67,000 points. Any shocks in the middle are garbage time for us. Too much attention is called a waste of life.
Following SUI, other public chains such as SEI have also started to build momentum in the past two days. In terms of sector trends, there is a subtle competition between meme and public chain traffic in the short term. In addition, sui has also started to fight local dogs on the chain. The entire network is using the CX casting method. If nothing unexpected happens, one or two non-core public chains will also stand out. It should be noted that after the market starts fomo, there is a high probability that there will be a mess in the end, so if you don’t know how to play, don’t join in the fun.
The SEC will start a new round of intensive speeches, including the final report on second quarter GDP and other data. The market is expected to start to expand its volatility after the sluggishness in the past two days. When the crypto market should be calm, you must maintain sufficient strategic determination. The biggest problem in the market this year is the lack of liquidity. If you frequently operate when liquidity is insufficient, you will become the liquidity of the market.
Can CZ turn the tide and detonate the market?
Judging from the current market situation alone, there are many difficulties. After all, this is a market problem, and it cannot be solved by a single individual. In other words, CZ is the one who climbed all the way to the top from the old era, and the old narrative is no longer able to continue.
But fortunately, new traffic is still pouring in, and younger and more creative groups are entering the cryptocurrency circle. At this moment of change, how to take over and value new groups and new logic may be the problem that the legendary CZ needs to solve next.
On the other hand, no matter what, CZ's return is still a huge boon to Binance, and it will also have a positive effect on boosting user sentiment. It is highly likely that the Binance series of currencies will see a rise, and some people in the market have begun to target the so-called concept of CZ being released from prison. This shows that even if the market is no longer that market, CZ is still that CZ.
