Important CPI data will determine whether the Fed will cut interest rates
The US stock market and the A-share market are both rising, while the cryptocurrency market is still in a downward trend. Bitcoin fell again, and Ethereum fell to 2,400. This secondary market is really a head-scratching situation. Everyone seems to have turned to the MEME project. Just like the sudden outbreak of PROS today, it first fell sideways, then briefly rose and quickly fell back, first falling 20%, then rising a little and then falling more than 40%. This repeated dishwashing technique is simply rubbing users on the ground. Entering October, BTC has been oscillating. It feels like everyone is waiting for the interest rate cut and the general election next month, as if making final preparations. Now, the support level of 60,000 is the key point in the near future. Tonight's CPI data may become a turning point for this month's market and determine the next trend.
The market price is supported in the 60200 area, so now we need to see whether the price will rebound to the 61800 area and then fall back, so that the 61800 area will complete the support/resistance conversion. If the 60200 area continues to fall, the next range will be in the 57700 area, which is also the support of the daily K. It should not fall directly if it has not been touched. From the daily line, after a wave of sharp rise, BTC has been sideways in the 52000~70000 range for more than half a year, showing a very strong flag-shaped consolidation pattern. The chip exchange is close to completion, and coupled with the possibility of continued interest rate cuts, I am very optimistic about the next wave of greater gains in BTC.
Everyone thinks that the altcoins have not risen, but some altcoins in local hot spots have risen a lot, such as L1 and Binance’s new MEME and fan sections. Now we should follow the hot spots and make full use of the funds in our hands to gain profits.
In general, the big bull market is coming, but there will be crashes and fluctuations during this period.
We must hold on to our chips, patiently wait for international recovery, overcome short-term fluctuations, watch for a rebound, and wait for the wind to come.
The data on CPI and unemployment benefits will be released at 8:30 tonight, which will bring fluctuations to the market. Those who have opened contracts should pay attention. CPI lower than expected is a positive, while unemployment benefits lower than expected is a negative.
The mainstream narrative of this bull market
Inscription on BTC - ORDI SATS RATS PIZZA DOG
ETH/SOL上meme--MEW TURBO SLERF MYRO BOME WIF PEPE NEIRO FLOKI BRETT POPCAT
AI Narrative--TAO FET
Public chain narrative--Sui Apt TON Saga Kas STX CKB CFX SEI, etc.
L2 Narrative--MANTA METIS STRK AEVO
Staking-ETHFI PENDLE
If it is not a mainstream narrative, try to avoid participating in it as much as possible. Once the framework is established, you can slowly find the one that suits you.
Three promising potential sites
$BABY
PEPE is a popular meme coin with high price volatility and high risk and high return. Recently, PEPE has regained popularity, partly due to community support and some new capital inflows.
At present, I focus on the PEPE band. Compared with various VC coins, retail investors' trust in VC coins is declining, and I am more optimistic about MEME coins, especially in the bull market, MEME coins have stronger explosive power.
In terms of liquidity, PEPE is still the best performing MEME coin at present, and seizing the opportunity of the band can bring considerable profits.
I think trading in waves and main uptrends is the only way to really make money in this market.
$DONE
FET recently launched a new innovation lab in San Francisco. The lab aims to promote the advancement of AI agent solutions, and as a member of the Artificial Intelligence Superintelligence Alliance, Fetch.ai hopes to use this center to increase its influence in the field of AI. With a budget of $10 million per year, the lab can fund projects that develop AI agents using Fetch.ai technology, provide financial support and expert guidance to startups, and accelerate their development.
Now is the best time to lay out the FETs:
1- Technical analysis shows that now is the best time to buy at the lower edge of the upward trend.
2- Long-term buying point: Buying now is cheaper than most people’s chips.
3- In the extremely short term, the CPI will cut interest rates in November in the short term. In the medium term, interest rates will be cut throughout next year. The focus is on cutting interest rates, cutting interest rates, and cutting interest rates.
Buy it and wait for 1-2 years, 10-20 times is no problem at all! You need to do two things, buy and wait, AI narrative will definitely be hyped up, don't worry, don't be afraid of it rising.
$FIGHT
The FIGHT token was created on the day Trump was attacked. It originated from Trump greeting the crowd at the scene after the assassination and shouting "FIGHT". Subsequently, contracts such as FIGHT, EAR, and FEARNOT appeared on ETH and Solana. Among them, FIGHT and EAR performed outstandingly, with an increase of more than 100 times. As the heat of the incident faded, the related tokens almost returned to zero, and FIGHT performed relatively well.
The sol chain was born one day earlier than the eth chain, and sol is the orthodox one!
It has fallen 99% from the highest point, which is a complete wash-out.
The election is coming soon, there will definitely be action!
If no one is building the Chinese community, then I will do it!
5. The current market value is over $300,000, with huge room for growth!
