Is September really a black swan? From September 1 to September 10, 2023, the decline was less than 4%, and then it ushered in a 93% increase, and the price rose from around 25,000 to 48,800. September 6, 2024 coincides with the key data node of the first interest rate cut month. The current market has begun to panic, indicating that the market's negatives have been priced in in advance.

At present, the overall market is in a downward trend, and the unemployment rate data next week will become a key turning point in the market. #降息放水 #Telegram创始人获保释 #英伟达财报 #OpenSea收到韦尔斯通知 #美联储何时降息？

The whole week at the end of August was full of chatter. Affected by the three major news that the founder of TON was arrested, Nvidia's financial report far exceeded expectations, and Vitalik publicly promoted his opposition to DEFI, Ethereum ushered in a deep adjustment. The overall performance of the copycats was poor, and they continued to fall before the market. Many people went from making huge profits to profit-taking, causing the market sentiment to turn from greed to fear. There was a lack of hot narratives. Only the public chain sei, AI sector fet, pendle, zro, and MEME sector shifted the focus of meme construction to the Ethereum chain due to Vitalik's public opposition, which promoted the development of the meme ecosystem in the short term.

The current trend of Bitcoin still depends on the changes in macro data. The biggest influence is the August unemployment rate and non-farm data of the United States on September 6. This data determines the extent of the interest rate cut in September. If the unemployment rate is higher than expected, Bitcoin will start to rise. Judging from the downward revision of the number of employed people by the US Department of Labor last week, the unemployment rate is likely to be higher than expected.

As various projects in the ecosystem have re-supported meme coins, the price of Ethereum has gradually strengthened when Bitcoin continues to hit new lows, and it is expected to perform better than Bitcoin.

The focus of the cottage is on the AI ​​sector, the Apple conference on September 10, and then Sol. From a technical point of view, there is strong support near 123, which is also the only variety in this bull market that can compete with Bitcoin Ethereum BNB, and both have reached the high point of the previous bull market.