US CPI in August basically met expectations and rose as expected after the inducement of short selling

Last night, the United States released the CPI data for August, and the results were the same as expected, with no major discrepancies and basically in line with expectations. Because the 25-point rate cut on the 18th is a done deal, its August CPI data will definitely provide data support for the rate cut. Even if it is false data, it must provide a basis for the rate cut. Do you understand? Therefore, the CPI data will definitely meet expectations.

As for the next rate cut, it will be after the presidential election. The Fed will definitely cut interest rates by 50 basis points to save face for the new president, similar to the amnesty of the emperors in ancient times after they ascended the throne, understand? No matter who the new president is, the first 50 basis point rate cut must be after the new president takes office, and then he will release a lot of money to stimulate the economy and win the support and goodwill of the people. This is a card that the Fed must play, almost like an open card.

Back to the market: Yesterday's market review, the result of the debate between Trump and Harris came out in the morning. Trump almost lost. The president who knows the most about cryptocurrencies lost the debate. Naturally, the cryptocurrency circle paid the bill, so it is natural that Bitcoin fell by $1,000. In the evening, the CPI data was released, and the US stock market opened sharply lower. As a younger brother of the US stock market, Bitcoin followed the decline. At this time, it had fallen to around 55,700. Many people have already chased the short. Since there are so many people chasing the short, it is reasonable for the dog dealer to take the opportunity to pull the market and explode the short. The market V-reversal was achieved in 2 hours. The leeks are losing money and constantly cutting their losses.

From the K-line, the 1-hour and 4-hour levels are in an upward trend, but the strength is not very strong, and it feels like it is rushing to the last wave. The 12-hour and daily levels are in an upward trend. There will definitely be intraday corrections. The general direction before the interest rate cut is bullish. The intraday pressure level is 59700, and the support level is 56600.

All the important economic data before the Fed's first rate cut have been released. The conclusion is that inflation continues to cool, the economy may be in recession, and interest rate cuts are necessary. Next Thursday, September 19th at 2:00 am, the Fed will decide whether to cut interest rates by 25 basis points or 50 basis points. In addition, there may be two more rate cuts this year.

BNB will soon break through 550

CZ is about to be released from prison and is ready to make a big splash, so it won’t be difficult for him to return to $600.
I have analyzed with you before that although CZ cannot directly manage Binance after being released from prison, he is still its largest shareholder, holds real power, and still controls key decisions.
It is worth noting that CZ attached great importance to education before going to prison, and is expected to promote the development of this field even more after being released from prison.
Binance's education sector deserves our attention and may have great potential in the future.

LUNA soars every Mid-Autumn Festival?

When it comes to LUNA, many people first think of the LUNA crash in 2022 and the bankruptcy of Three Arrows Capital. However, LUNA means "moon" in Latin. Interestingly, in the past two years, the price of LUNA seems to have shown an upward trend around the Mid-Autumn Festival. Is this related to the custom of barbecue and moon watching during the Mid-Autumn Festival? Let's take a look at the specific data.

On September 10th (Saturday), the best time to buy LUNA was at 6pm on the previous day (9th), with a buying price of $1.98. The best time to sell was at 7pm on the Mid-Autumn Festival (10th), with a selling price of $6.72. This means that within 25 hours, by buying at low points and selling at high points, the profit was as high as +339.39%.

Mid-Autumn Festival 2023 September 29, Friday

The best time to buy LUNA is at 7pm on the 21st of the previous eight days, with a purchase price of $0.377574

The best selling time is 9:00 am on the day before Mid-Autumn Festival (28th), and the selling price is $0.571966

Buy at low point, sell at high point, earn +151.48%, it takes 6 days and 14 hours

The 2024 Mid-Autumn Festival will fall on Tuesday, September 17.

According to the latest data, the best time to buy LUNA was at 10:30 am yesterday (10th), with a purchase price of $0.345735. As of now, the price of LUNA has risen to $0.3765, an increase of 8.89%. Based on the trend of the past two years, the best selling window may appear between 9 am on September 16 and 7 pm on September 17.

September 2024 LUNA

Wealth Code

FTM, it is back to $0.5. The project team is strong and the target is $0.9.

CHR, long-term goal is $1, various ecosystems are under development, focusing on the game public chain, benchmarking IMX.

Matic exchanged its token to POL and rebounded along with BTC.

STX, the upgrade will be completed at the end of the month, the big one is yet to come, continue to hold.

Poeple, the concept of the US election, there may be another wave.

Klay and Astr, Korean and Japanese national chains.