One trillion incremental funds! The big bull in the cryptocurrency circle is coming, and these coins are about to soar!

WIF surged 20% in one day. Can it continue to rise?

Another important data from the United States is about to be released. Last time it caused the cryptocurrency market to surge by 10%. Will it be good news this time? Let’s follow Shuqin to take a look.

The first thing I want to emphasize is that there are only 5 days left until the fourth quarter. The average increase in the cryptocurrency market in the past has been as high as 88%, and even the median has increased by 56%. Therefore, it is a consensus that Bitcoin will rise to 100,000 US dollars by the end of the year, and the bull market will start in October.

So don’t ask, the bull is about to start! Any callback now is your precious opportunity to get on board!

Okay, let’s get down to business.

The first big event this week is that after the Federal Reserve cut interest rates by 50 basis points, China, the world's second largest economy, also entered quantitative easing.

According to Xinhua News Agency, the People's Bank of China will lower the reserve requirement ratio by 0.5%, which will inject 1 trillion yuan into the market, equivalent to 140 billion US dollars. It also marks a turning point in global liquidity. Please see the picture.

The figure shows the changes in the money supply M2 of major economies around the world. You can clearly see that the seemingly irregular trend of Bitcoin is actually highly positively correlated with the global money supply. When M2 decreases, the price of the currency decreases, and when M2 increases, the price of the currency increases. It is that simple and crude.

But have you seen in the past two months that global liquidity has risen again, but the price of the currency is still hovering around 60,000. This is an important bullish divergence.

It is also foreseeable that countries around the world, especially the Federal Reserve, have entered an easing cycle, and M2 will continue to rise in the future. Therefore, the bull market in the currency circle can be said to be imminent. As long as you hold on to the currency, you can make money. By next year, our assets will at least quadruple or 5 times. So don’t just focus on short-term fluctuations of one or two days, but look at the big trends. When Ethereum reaches 10,000 next year, you can come back and see, my God, the current 2,000 is a bargain!

Okay, after talking about M2, which is positively correlated with the cryptocurrency market, let’s take a look at the negatively correlated US dollar index DXY. Please see the picture.

I think everyone has discovered that when the dollar appreciates, Bitcoin will fall, and when the dollar depreciates, Bitcoin will rise. In the past month, DXY has depreciated significantly, but the price of Bitcoin has not changed much, so this is another bullish divergence.

In particular, the US dollar has formed an M-head double top, with very strong expectations of decline. There is a lot of room for it to go down, and now it is barely maintaining the 100 mark, but it will not last too long, because with the subsequent interest rate cuts by the Federal Reserve, the continued depreciation of the US dollar is a foregone conclusion.

Therefore, whoever holds US dollars will see their assets depreciate, so smart money is converting US dollars into US stocks or cryptocurrencies, which creates another favorable environment for the subsequent bull market in the cryptocurrency circle.

I see that all major Wall Street institutions are now actively preparing for a bull market.

For example, the billion-dollar giant MicroStrategy recently completed a round of financing of US$1 billion to purchase more Bitcoin. This is also due to the Federal Reserve’s interest rate cut, which has reduced borrowing costs, and institutions have begun to leverage.

In addition to Bitcoin, I have now taken profit on more than half of my BNB positions and started to move back to Solana, because the reason is very simple. BNB still has 15% room for growth from its previous high of 700. It has recently risen from 400 to more than 600, and we have gained all the gains we deserve. Sol is only 140, and there is still more than 40% room for growth from its previous high of 210. The cost-effectiveness is very high.

We will re-enter the BNB market after Sol has completed its rebound. However, in the short term, Zhao Changpeng will return on the 29th, which may bring an extra wave of popularity.

After the rise of mainstream coins, the rebound of altcoins should also be put on the agenda. Like Pepe, please pay attention to the daily suppression line of 0.088.

Once it breaks through, the trend will be reversed. The rise to the neckline of 0.098 will only be the starting point. It has a 130% room for recovery from the previous high of 0.17, which is far more than the mainstream coins. I will hold on to his long orders and wait for the outbreak of the altcoin season.

The trend of Floki is more optimistic.

Now it has broken through the downward trend line, and the bottom is very firm, and it is starting to gradually rise. If the top can break through 0.165 and create a higher high point, that is, the bottom is raised and the top is also raised, it will be a complete reversal of the market.

Although as a Meme coin it has much greater risks than mainstream coins, Floki has more room for growth. By 0.035, it will double. I am willing to take a chance with a small position.

Speaking of WIF, we were calling on everyone to enter the market a few days ago. At that time, it was only 1.8 or so, but now it has jumped to 2.22, which is really exaggerated.

We are updating the short-term positions of these coins in real time, and those who are interested can take a look.

Okay, back to the topic, the news in the market is not all good.

The support rate of Trump, one of the biggest names in the cryptocurrency world, has dropped slightly in recent days, from 51% last month to 48% now, so it is still unclear whether he can be elected this time.

Fortunately, there is good news from Harris. After two months, she finally made a statement on cryptocurrency. In a speech in Pittsburgh, she said that if she is elected, the United States will "remain dominant in AI and quantum computing, blockchain and other emerging technologies."

That is, encourage innovation in artificial intelligence, quantum computing and blockchain to enhance the competitiveness of the United States.

So don’t be anxious. Even if Trump really doesn’t get elected, Harris will not target the cryptocurrency world. Coupled with the Federal Reserve’s continued money printing and the launch of the Bitcoin ETF on Wall Street, the arrival of a bull market in the cryptocurrency world is a certain event. We just need to be patient.

This Thursday, very critical unemployment data will be released. Last time, this positive data caused a surge in the cryptocurrency market. What about this time?

The previous value of the number of first-time unemployment benefit applications was 219,000, while the market expectation was 225,000. The actual result being lower than expected is a positive, while being higher than expected is a negative. It looks a bit bad at the moment.

At the same time, the final value of real GDP for the second quarter will be released at 8:30 tomorrow night, which is related to people's assessment of the recession. The previous value of this data was 3%, and the market expectation was also 3%.

These two data will determine the future trend of the cryptocurrency market, and Shuqin will update the results on time tonight. I hope everything goes well!