8/14 Crypto market key points and analysis:

1. Market overview

The market as a whole showed an upward trend, and many copycats followed the market's footsteps, especially those at the bottom, showing significant rebound momentum. U.S. stocks recorded sharp gains, mainly due to the significant decline in industrial inflation shown by PPI, which effectively eased inflationary pressure in the market.

2. Sector hot spots

In the BTC ecosystem, tokens such as sats, rif, stx, ckb, runecoin, and pizza performed well. Among them, sats, as the leader, achieved a bottom-up change, and its market value successfully surpassed ordi, becoming the focus of market attention.

In the DeFi sector: rune and banana stand out. rune further consolidated its position by acquiring kujira, a DeFi public chain in the Cosmos ecosystem; while banana burned 2% of the supply to stimulate market activity.

Meme on the chain: The pump fun imitating disk project launched by Brother Sun has led the new trend of Meme on the chain. At present, the PVP phase of the project has been successfully concluded.

3. Potential opportunities

The newly launched pledge fund on the CoinList platform provides the market with pledge options for mainstream and emerging tokens such as ETH, SOL, NEAR, SUI and MINA, broadening the channels for asset appreciation.

Tether Treasury minted an additional 1 billion USDT on the ETH network, a move that is expected to further enhance market liquidity.

Grayscale announced the launch of the MKR Trust Fund, providing the market with a new way to participate in the MakerDAO ecosystem.

4. Today’s market focus

At 20:30 p.m., the U.S. July CPI data was higher than expected and negative, and lower than expected was positive. U.S. Treasury bonds rose, and PPI rose less than expected to support the Federal Reserve's active interest rate cut. The U.S. July PPI monthly rate was announced at 0.1%, expected to be 0.20%

5. Disk: The market has been consolidating around the 58000-61700 range for the past week. The upper BOLL middle track of the daily K and the MA (20) position of 61700 form the current resistance, while the lower daily K 58000-57000 chip accumulation range forms a support, with shock breakthroughs up and down. The key is that the current long increase in MACD shows that the bulls are strong, and the RSI reading is 49, which is trending toward the neutral state of the long-short game. If it effectively breaks through 61700, it is expected to climb to 62500, the next level of resistance at 63600. If the 58000 support fails, pay attention It will test 55600 again and support at 54100 level. #美国CPI数据即将公布 #美国7月PPI低于预期