This round of decline: profit-taking by bottom-fishing, and continued selling pressure in Mentougou
This round of decline is mainly due to profit-taking by bottom-fishing, while the selling pressure in Mentougou is also continuing. If less funds enter one day, the selling pressure will appear. Spot contract Junyang👉@点这里 加密乘风 If there is no other negative news, BTC should be sideways at 58000-58000-59000, and this area has strong support. The logic is clear: Dog Zhuang wants to make money, and the 50000-50000-55000 range has been re-arranged, and it will definitely be pulled up to cash out. Hold the currency and wait for it to rise, don't cut the bottom. It will take time to eliminate the selling pressure in Mentougou, at least half a month, or it may last until mid-September. PCE data will be released on Friday. If it is positive, it will rebound slightly, and if it is negative, it will touch $56000. Recommended holdings: AR, FTM, STX, CHR, ZK, ETH, BNB, CKB, TIA
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8.29 The essence of the currency market research report: Stability is the best, and clarity is the key to action
At a time when the current market is full of fog, the core strategy is to "avoid uncertainty and win with less loss". The trend of BTC has verified our short-term prediction. The Bollinger band range operation on the 15-minute chart is effective. At the same time, the loss of the key support level of 6.2 this week indicates that the upward momentum may have been exhausted. Spot contract Junyang👉@点这里 加密乘风
In-depth analysis of BTC:
Macro perspective: BTC is still moving steadily in the large-cycle daily channel.
Key support: Currently firmly holding the B point support of the 4.9 rebound, 5.75 and 5.46 are important match points, and traders need to wait patiently for opportunities on the right.
Short-term considerations: At the 4-hour level, although it is close to the previous high of 5.66, it is not a wise move to chase the short position, and it is strictly in accordance with the principle of profit and loss ratio.
ETH dynamic tracking:
Rebound trend: ETH has touched the range support last week and is now in the support and resistance conversion stage. It needs to effectively break through 2580 to see the possibility of a new high.
Key price: current support 2366, upper pressure 2750, investors need to pay close attention to changes in this range.
Altcoin selection:
SOL & BNB: The key positions mentioned this month are still of reference value, and strategy execution needs to be flexible to respond to market changes.
Market snapshot:
ETHUSD perpetual contract: 2,526.62, up +2.21%
BTCUSD perpetual contract: 59,137, down -0.63%
In summary, in the current market environment, it is particularly important to keep calm and observe and accurately grasp the entry time. #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS

Powell may affect the election, and the direction of the Fed's policy is yet to be determined
The 6th interest rate meeting of the Federal Reserve in 2024 will be held from September 17 to 18. In the context of the election, both Trump and Harris will criticize the current economic problems in the United States. The policy turning point of the Federal Reserve will be regarded as a political achievement in support of a certain candidate. Powell has released a signal of a US dollar interest rate cut, saying that it is time to adjust the policy, and the timing and pace of the interest rate cut will depend on data, prospects and risk balance. Spot contract Junyang 👉@点这里 加密乘风
However, from the perspective of Sino-US competition, if the US dollar interest rate hike cycle is hastily withdrawn without achieving the strategic goal, does it mean that the US dollar cycle strategy has failed? Will the United States surrender? The Biden administration team is conducting the final consultations between China and the United States, and time is running out.
The chairman of the Federal Reserve has almost nothing to do with the US presidential election cycle, so we should not speculate whether the Fed will raise interest rates against the wind, maintain high interest rates, or choose to cut interest rates. We should respond according to the actual choices of the Federal Reserve. Powell emphasized that now is the time to adjust policies, the direction forward is clear, and every effort will be made to support a strong labor market and strive for progress in price stability. The appropriate convergence of policy constraints gives us reason to believe that the economy will return to a 2% inflation rate while maintaining a strong labor market. The current level of the policy interest rate provides us with ample room to deal with any risks we may face. #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS

Bull market outpost: analysis of three 100-fold potential coins
SOL: The leader against the market
Yesterday, the market fell, but SOL showed resilience, with stable trading volume and an amplitude of more than 9%, surpassing BTC and ETH. Its independent market suggests potential momentum and is worth paying attention to. Spot contract Junyang👉@点这里 加密乘风
TAO: The rising star of machine learning network
TAO, a copycat gem of the Bittensor network, has a weekly increase of more than 15% and continues to move forward steadily in the upward channel. If it can effectively break through the current resistance, purchasing power will be further released, pushing the price to a four-month high of $578.30.
EGLD: A potential stock supported by technical aspects
EGLD has risen sharply in recent weeks, with an increase of 11%. Positive technical signals have appeared frequently, such as the SAR indicator showing a continued upward trend. Multiple positive factors are superimposed, indicating that EGLD has broad upside space.
Conclusion: The market is changing rapidly. SOL, TAO, and EGLD stand out with their unique advantages and may become the pioneers of the bull market. Invest with caution, conduct in-depth research, and seize opportunities.
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Nvidia's earnings night, the US stock AI weathervane! Spot contract Junyang 👉@点这里 加密乘风
Tonight, Nvidia's earnings became the focus. As the leader of US stock AI, its performance may become a turning point in the market. The future of interest rate cuts is uncertain. If the earnings report is worse than expected, it may trigger a chain panic, and US stocks may be hit hard. The currency circle, as the opposite of a financial safe haven, often rises and falls with the general trend. Therefore, it is recommended to wait for the earnings report to be announced, operate cautiously, and avoid blindly entering the market. #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS

Short for a week at most. It is advisable to go long on the evening of September 7. The rising cycle is expected to exceed 90 days until the end of November. BTC needs to withdraw longs when it reaches around 110,000 US dollars. A bear market may come in December. Spot contract Junyang👉@点这里 加密乘风
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[US judge rules: Crypto tokens are not natural securities]
A US judge recently made a clear ruling on the legal status of cryptocurrency tokens, emphasizing that the tokens themselves are not naturally securities. This view has been reflected in cases involving Ripple, Kraken, and Binance, despite the SEC's attempts to classify these tokens as securities. Spot Contract Junyang👉@点这里 加密乘风
In the SEC's case against Ripple, Judge Torres pointed out that Ripple's digital token XRP does not meet the investment contract standards defined in the "Howey Test" and is therefore not naturally a security. This highlights the difference between the token itself and the token sale.
In the case involving Payward Inc. (Kraken), Judge Orrick also emphasized this distinction, explicitly stating that cryptocurrency tokens are not securities in nature and the SEC's claim is legally invalid. This shows that the way in which the token is sold or promoted is crucial to determining its legal status.
In the Binance case, Judge Jackson rejected the SEC's "embodiment theory", stating that while the token may involve an investment contract, the token itself is not a security.
Together, these rulings emphasize that context must be considered when applying securities laws to cryptocurrency tokens. While transactions may be regulated, the tokens themselves do not automatically fall into the category of securities. This distinction has important implications for the debate over how to regulate cryptocurrencies in the United States. #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS

Binance Flash Exchange Event Announcement
Binance launches a new flash exchange event! During the event, you can get a 0.5 USDC token reward by exchanging at least 88 USDC equivalent digital assets through Binance Payment! Spot Contract Junyang👉@点这里 加密乘风
Event time: 08:00 on August 30, 2024 to 07:59 on September 14, 2024 (Eastern Time Zone 8)
Participation method:
Select [Binance Payment] - Click [Flash Exchange] in the Binance App;
The first 1,600 qualified users who successfully exchange at least 88 USDC equivalent digital assets will receive rewards.
Note:
You need to enter the Binance payment page and use the flash exchange function to be eligible to participate;
Start flash exchange now.
Terms and Conditions:
Only users with Binance payment accounts who have successfully registered and completed identity verification can participate;
Please use the latest version of the Binance App (iOS v2.80.4 or Android v2.80.4);
Each eligible user can only receive one reward during the event period;
The reward will be distributed to the spot wallet of eligible users within 30 days after the end of the event;
Binance reserves the right to disqualify participants who commit fraud or violations;
Binance reserves the right to modify or change the event rules at any time, and all participants shall be subject to these revised terms;
Exchanges made during non-event periods will not be counted in event statistics;
This event is not applicable to users in specific countries or regions, including but not limited to Belgium, Canada, the United States, etc. (For a complete list of non-applicable countries/regions, please see the Binance announcement);
The Binance Prize Campaign Terms and Conditions apply to this event;
In the event of a discrepancy between the original English announcement and the translated version, the original English version shall prevail.
Thank you for your support to Binance!
Binance Team August 30, 2024
Note: This announcement has been updated to add "Egypt" as a non-applicable country.
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Harris's road to the White House is blocked? At the critical moment of the election, family scandals were exposed, and Trump took the opportunity to fight back.
As the US election is in full swing, a scandal about Harris' husband Emhoff has surfaced recently. British media revealed that he had an extramarital affair with a teacher during his marriage to his ex-wife, which caused the other party to become pregnant. Emhoff admitted the incident but remained silent on the details. This incident not only affects the family, but may also affect Harris's public image. However, most people believe that this incident has little impact on Harris' campaign. Spot contract Junyang👉@点这里 加密乘风
In an interview, Biden expressed his concerns about Trump's refusal to accept the election results, fearing that it might lead to a peaceful transition of power and even riots. The actions of Trump supporters after the last election have exacerbated this concern.
Harris and her partner held a large campaign rally in Arizona to support the abolition of the tip tax. Trump accused Harris of "plagiarizing" his policy ideas and spared no effort to attack her during the campaign. Although Trump has a certain degree of dominance on economic issues, Harris's supporters are gradually increasing, and she is not swayed by negative comments. The final result of this campaign is still full of suspense.
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Great news!!! Trump is bringing goods again!!! He announced a big move on social media X. On Thursday, Trump released a video preview: "I am about to unveil a grand blueprint, the goal is to ensure the United States' dominance in the global cryptocurrency field." Spot contract Junyang 👉@点这里 加密乘风 The video also comes with a link to World Liberty Financial, a project actively promoted by Trump's son, focusing on the field of decentralized finance.
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Solana's outlook is worrying, top analysts lower their target price to $55!
Solana's price adjustment is more than expected and may fall further. Santana pointed out that the lack of support near $55 has exacerbated downward pressure. He reminded that Solana, as a smaller asset, is highly volatile and prone to sharp declines. The value of crypto assets may evaporate quickly, so we need to remain vigilant. Spot contract Junyang👉@点这里 加密乘风
Santana emphasized that the key Fibonacci retracement levels, 0.382, 0.5, and 0.618 levels are located at $137.03, $114.18, and $91.34 respectively, which may provide short-term support. However, the 0.786 retracement level is at $58.82, showing a strong support area. The downward trend line and dome pattern also suggest a bearish reversal.
Santana speculated that Solana's decline may start on August 29 and last for three weeks until it reaches a low on September 19. He said that after the rebound, it may fall again, completing the bearish wave. Although the timing is highly speculative, Santana emphasized that Solana is still on a downward trajectory, similar to the trends of Bitcoin, Ethereum and XRP.
Santana is more pessimistic than other market observers, predicting that Solana may fall to $33, while some believe it will fall to $85. Market commentator Benjamin Cowen believes that Solana may follow the Ethereum and Bitcoin model and experience a similar decline and rebound process. Currently, Solana is trading at $145, down 1% in the past day. A drop to $55 would mean a 62% drop.
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Today's highlights:
Fake token scam: A trader lost more than one million dollars for buying fake Kylian Mbappé tokens, highlighting the risks of celebrity-related cryptocurrencies. Spot Contract Junyang 👉@点这里 加密乘风
Telegram CEO turmoil: Pavel Durov was charged with suspected illegal activities and released after paying 5.5 million euros in bail, but was not allowed to leave France.
OpenSea faces challenges: Received a notice from SEC Wells and may face enforcement action for unregistered securities trading.
Market impact: The Durov incident has attracted widespread attention, and the losses of traders show that celebrity scams are serious. SEC actions may affect NFT market innovation and the survival of small creators.
Legal dynamics: The Supreme Court's opinion may limit the SEC's enforcement of crypto companies, but many cases are still ongoing.
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Mbappé token turmoil: skyrocketing and plummeting, investors need to be cautious
Key points:
Hacker attack: Kylian Mbappé's Twitter account was suspected to be hacked on Wednesday night, posting offensive remarks and promoting a meme coin. Spot contract Junyang 👉@点这里 加密乘风
Market value surge: The market value of the MBAPPE token on Solana quickly climbed to $464 million, but only lasted for about five seconds.
Plunge event: The token market value plummeted 99% in one minute, and now only $57,000 remains.
Investor fate: A trader seized the opportunity and turned $29 into $125,790 in three minutes; but some investors suffered heavy losses, with a $1 million investment now worth only $14,600.
Fraudulent tweets: The incident was accompanied by a series of tweets insulting former teammate Lionel Messi, claiming that Mbappé would transfer to Manchester United for free, which attracted widespread attention.
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BTC and ETH bulls are in a state of worry and are unlikely to make waves
In the current market environment, I personally believe that it is difficult for BTC and ETH bulls to form an effective counterattack and it is difficult to see earth-shaking changes in the short term. Spot contract Junyang👉@点这里 加密乘风 #英伟达财报 #美联储何时降息？ #以太坊基金会 #美国CPI数据连续第4个月回落 #新币挖矿DOGS

The Ethereum Foundation has sold 260,000 ETH in two years, and the market is under pressure and has raised doubts about the spot contract Junyang👉@点这里 加密乘风
Since 2021, the Ethereum Foundation has sold up to 260,000 ETH. The market is worried that its selling behavior will increase the downward pressure on the market and question its actual contribution to the development of the project. #以太坊基金会 #Telegram创始人获保释 #英伟达财报 #美联储何时降息？ #MtGox钱包动态

Li Lin, founder of Huobi.com, graduated from the Automation Department of Tsinghua University and a former Oracle elite. Huobi was founded in 2013 and quickly became a leader in blockchain asset trading, with a single-day trading volume exceeding 1.5 billion. In 2022, Li Lin plans to sell about 60% of Huobi's equity at a valuation of US$2-3 billion, attracting the attention of giants such as Tron Sun Yuchen and FTX, with the intention of introducing stronger capital to help Huobi take a new leap. Spot Contract Junyang 👉@点这里 加密乘风 A spokesperson for Huobi confirmed that they were in contact, but no specific details were disclosed. The market is waiting for a new chapter, while paying attention to hot spots such as the Fed's interest rate cuts, the decline in US CPI and MtGox. #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #新币挖矿DOGS

Strategy for currency circle unwinding: reverse thinking, cautious position increase
Once trapped, the first priority is not to blindly increase positions in order to flatten, but to reverse operations, review and adjust strategies. Being trapped means that the initial direction may be biased, and continuing to add in the wrong direction is tantamount to adding fuel to the fire. Spot contract Junyang 👉@点这里 加密乘风 position management, this is the key. Livermore's wisdom: first set a safe position, and gradually increase positions after profit confirmation, let the market test your judgment first, BTCUSDT perpetual 59105, slightly down 0.59%#Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #以太坊基金会 #美联储何时降息？