Trump and Harris' first presidential debate: Trump lost the entire debate and did not mention cryptocurrency
Trump was anxious at the debate and was beaten by Harris. Regardless of their policy content, Harris won in terms of debate skills and logic.
Bitcoin ETF ends eight consecutive declines, the market rebounds! CPI may be the highlight tonight!
The CPI data will be released tonight, and it is good news if it is lower than expected
Higher than expected is also a positive, because this data only determines: whether the interest rate will be cut by 50 basis points or 25 basis points
The data released by the United States last week were not very good, reflecting the sluggish manufacturing industry in the United States. The U.S. stock market also fell, and many large technology stocks fell by more than 10%. This made many people look forward to the early arrival of interest rate cuts.
The CPI data at 8:30 p.m. and last week's employment data were essentially a form of Tai Chi. This CPI data will most likely determine the extent of the interest rate cut in the Federal Reserve's interest rate decision on the 18th, which is very critical. Judging from the correlation between the current crude oil futures prices and the 5-year inflation expectations data, the results of this CPI data should be optimistic. The downward trend in oil prices will reduce inflation expectations and bring positive factors to the interest rate cut!
After 6 months of high-level fluctuations, BTC has been squeezed dry and is ready to go, but the US macro-economy has temporarily become the core force that determines the market. At present, it still maintains a volatile trend. Next, we will focus on the two positions of 59,000 and 62,800. Standing firm and breaking through 59,000 means that the short-term downward trend has ended. Standing firm and breaking through 62,800 means that the long-term trend is basically certain, and it will be a long rise of several months.
In terms of on-chain data, compared with August 26, a large amount of BTC has flowed out of all exchanges in the past two weeks of decline, with a total outflow of 80,000. The stablecoin stocks in all exchanges have exceeded the peak on August 30. There is little selling pressure left in Mentougou, with only 40,000 BTC left, and there is no movement at present.
If there is a rebound, you must be in the car!
Regarding the Fed's interest rate cut - interest rate cuts are an inevitable trend. Moreover, interest rate cuts will not trigger a market crash, but will be a super positive for funds. The correction in the past six months is coming to an end, and a new upward trend is about to begin.
The four hot coins in late September are:
mkr upgraded to sky; split 1:24000 starting on September 18th, the leader of the RWA sector, let’s see if there is any opportunity
Trump was elected on November 5th, and Musk entered Trump’s cabinet, which was good for DOGE and FLOKE. In October 2022, Musk announced the acquisition of Twitter, which tripled in a week. Musk’s move into the White House will also be hyped.
The SOL conference on September 20 is good for SOL, and the related series of currencies WIFBONK can be purchased at low prices.
Zhao Changpeng's return on September 29 is good for BNB, and Binance series CAKEEDU can be deployed in advance
Personal Watchlist
» $BNB
From an overall perspective, $BNB will usher in an important BSC mainnet hard fork upgrade, which is planned to be implemented on September 26. This upgrade will allow validators to continuously generate blocks, significantly improving the performance of the BSC chain. This good news is expected to have a positive impact on $BNB.
From a macro perspective, the Fed’s interest rate cut has injected confidence into the market; from a technical perspective, BNB has shown signs of stopping its decline; and from a news perspective, the next hot topic is undoubtedly CZ’s upcoming release from prison.
Overall, BNB is supported by favorable factors in the short term, the market also releases positive signals, and the policy level is also developing in a positive direction. Multiple favorable factors may cause $BNB to rise in late September.
» $PEOPLE
Currently, there are multiple bottom patterns, indicating that the current price has strong buying support.
There is another dark horse in this bull market, but the recent trend is not satisfactory. Due to its large price fluctuations and unpredictable trends, investors in contracts and spot products have suffered heavy losses. The risks are high and the returns are great. Friends in the car should pay more attention.
However, MEME concept coins are like this. Although the fluctuations are huge, they are still loved by many investors. Judging from past performance, People is definitely a strong coin.
» $GHOST
AAVE is the only recommended DeFi platform right now, and its price action shows why.
The price increase indicates that the platform is actively maintained and focused on the coin price, which makes AAVE suitable for long-term holding and its fundamentals are strong.
As the native token of the Aave lending platform, AAVE has many advantages such as staking rewards, fee reductions, and voting governance.
In the future bull market, AAVE is expected to achieve a 5-fold growth. Investors who are interested in the DeFi sector can consider starting to invest.
