In the early morning, Bitcoin hit 59400, and Ethereum hit 2376. Currently, it has returned to 60,000 dollars. In the short term, if these two points are not broken, the bulls will remain strong. The 4-hour K-line shows a long lower shadow. The decline was recovered in the morning. Go with the trend, embrace the trend, and buy on dips. The market is currently looking forward to the interest rate cut notice on September 19. The Federal Reserve will announce the interest rate decision at 2 o'clock next Thursday to prevent the rise before the interest rate cut, and the interest rate cut is bearish.

Because the weekend volatility will not be large, intraday short-term trading strategy:

$btc: 59411, 58916 long position 5.5

Stop loss: 58456, target 60682

$eth: 2381.6, 2342.4 long position 5.5

Stop loss: 2315.1, target 2448.68

$sol: 136.1, 133.9 long position 5.5

Stop loss 132.48, target 139.1

The current Ethereum price feels oversold, and it is not much higher than the third and fourth quarters of last year. From a medium-term perspective, oversold has cost-effectiveness, which is why many people are optimistic

The future height still depends on the development of ecological applications. Without ecological prosperity, no matter how well the infrastructure is done, it is easy to become a ghost town. Moreover, at the moment when the entire industry is in a bottleneck period, the ecological highlights can stimulate consensus and imagination. The more prosperous the ecology, the higher the future ceiling. If the ecosystem has been weak, the ceiling can be imagined.

As the size of the crypto market grows, more and more traditional financial funds enter the market, and more and more mainstream projects in the future crypto market will be questioned and compared. Because you are no longer just focusing on competing for attention and funds from the crypto market, you are essentially competing for attention and funds from global liquidity.

Traditional funds care more about certainty: Will it still exist in the next five or ten years?

Care about growth: Is the audience growing rapidly? Is the user base growing rapidly? Is the income or transaction volume growing rapidly?

Focus on value creation: Can you create profits and have a continuous free cash flow.

These possible problems may be encountered by mainstream projects in the future crypto market. $BTC #FTX赎回Solana #灰度将推出首个美国XRP信托 #新币挖矿HMSTR #新币挖矿CATI #美国8月核心CPI超预期