Last night, the CPI data was positive, and there was a deep V rebound. Then, the interest rate meeting and Powell's speech at 2:00 a.m. poured cold water on the market. Powell's speech was quite restrained, trying to dispel the market's premature optimism. Everyone thought that there would be two interest rate cuts. The dot plot cut the interest rate cut expectations from 3 times this year to 1 time, and raised it to 4 times next year. The dream of interest rate cuts can only be put on hold. Old Powell does not want to open champagne in advance to avoid being slapped in the face by excessive inflation later.
Judging from the on-chain data, stablecoins have rebounded in the past few days, and BTC in exchanges has flowed out. The release of various economic data in the future is crucial. Subsequent employment, PMI and other data will become an important source of volatility in the currency circle. If various data show that inflation has cooled down, the possibility of a rate cut in September will be strengthened.
Bitcoin said yesterday that the next 4-hour level of 66,000 is very critical. If it can hold this position and not effectively fall below it, then it will soon start to rise. If it effectively falls below it, it will enter a period of shock adjustment in the short term. However, no matter how it moves in the short term, it will not affect the explosive market at the end of the year. (Strategy page introduction)
As the market falls, the copycats suffer. You can take this opportunity to invest in some high-quality copycats.
The following five potential alternative coins are expected to increase tenfold between 2024 and 2025!
1.Floki Inu（FLOKI）
Inspired by Elon Musk’s Shiba Inu, Floki Inu is not only a popular meme coin but also has a solid development team and community support. Its focus on real-world applications of NFT games and DeFi projects makes FLOKI stand out in the market. Although current prices are low, significant growth is expected in the future.
2.Injective Protocol（INJ）
Injective Protocol is working to revolutionize decentralized finance (DeFi) through its efficient and scalable blockchain technology. It enables fully decentralized trading of assets and derivatives, providing users with a smooth trading experience. The recent steady rise in prices indicates its potential in the bull market.
3.Fetch.ai（FET）
Fetch.ai combines artificial intelligence and blockchain technology to build a decentralized digital economy. Its autonomous agents are capable of real-time data processing and automated operations, which are of great value to multiple industries. Although the price has fallen recently, its upside in the bull market is worth looking forward to.
4.SingularityNET（AGIX）
As a decentralized AI service platform, SingularityNET allows users to create, share, and monetize AI technology. AGIX tokens support this ecosystem, enabling smooth interaction between AI developers and users. Its current price is low, but it is expected to perform well in the future bull market.
