Powell single-handedly saves the "cryptocurrency circle", and the prelude to the US interest rate cut has been opened. At the Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chairman Powell said that it is time to adjust policies. He does not seek or welcome a further cooling of the job market, and his confidence in reducing inflation to 2% has increased.
This means that the US tightening policy has basically come to an end. Is a rate cut really coming?
Influenced by this news, the Nasdaq rose 1.47%, cryptocurrencies generally rose, and BTC re-stood above $64,000, an increase of more than 5%.
Bitcoin has broken through, and altcoins are even more powerful. This wave of coins starting with s, $SUI, $SATS, $SUN, are pulling hard. Why did we say before that the altcoin season is coming? The altcoins must have been accumulated for a long time, and many altcoins have nothing to sell and have no selling orders. They will take off as soon as there is funding!
Ni Da analyzed that it is just a hooligan to talk about the pros and cons of interest rate cuts without considering the US economy. At present, with the shift in macroeconomic policies, interest rate cuts have become inevitable, and the US economy has not entered a recession. Therefore, interest rate cuts are at least defensive at present, so it is normal for the market to respond positively.
Last night, Lao Bao's speech made the air force cry for help.
It was made clear that there would be a rate cut in September, and the market expressed strong confidence that inflation would be suppressed after the rate cut. A considerable part of the funds for this wave of rise came from retail investors. After waiting and watching for more than half a year, retail investors finally took the bait and got on board.
Each round of rising cycle is generally divided into three stages. The first stage is when a small amount of bargain-hunting funds enter the market, the second stage is the institutional-led pull-up, and the third stage is when retail investors take over and pull up.
Now retail investors have finally entered the market, but I have long held a negative view on whether retail investors have the ability to continue to buy. Even with the stimulus of the Fed's interest rate cut, global funds really can't find good investment targets. The released funds will only continue to idle in the financial system and cannot flow to enterprises and residents. It's not that retail investors don't want to take over, but they really don't have the money to take over. Once the market makers realize this problem, the market will see more serious panic selling.
Back to the market, I think this wave of pull-up is not sustainable. The pressure levels that need to be paid attention to above are US$65,000 and the high-pressure range of US$68,000-70,000. I will pay close attention to these two pressure levels in the next few days.
Wake up, the copycat season may really be coming!
I just checked out the Shanzhai and found an interesting phenomenon.
A small number of cottages have made a new beginning, and most cottages are in uncertainty or the last wave. This period is the best time to observe the market and formulate the main rising cottage screening indicators in the future.
In the past few days, it can be clearly felt that Binance's dog dealers and market makers have started to work. Just as CZ was released, this wave of copycat bulls is likely to start from the coins that Binance has recently been crazy about listing contracts. The subsequent rise process can refer to the two bull markets in 2017 and 2021. Don’t lie down anymore, start making money!
The market has finally entered a rhythm that everyone likes. When Bitcoin rises, the altcoins follow. When Bitcoin goes sideways, the altcoins continue to rise. In the past two days, I believe that the coins in everyone’s hands have risen more or less. The difference is that the projects that hit the hot spots have more sales.
For the coins that have not been listed or are being listed on Binance, this track is definitely the most outstanding in recent performance.
Now is the eve of CZ's release from prison. It is said that the Americans have transferred CZ to the lowest level prison in Los Angeles. This prison is specially prepared for people who have been released from prison. The media expects CZ to be released on September 29, so Binance will definitely hype CZ's return in the next month.
In the current market, everyone can clearly feel that market makers and market makers have started to work. For example, the price of $alpaca $sun, the last contract, has tripled. This is definitely not a normal market. Even though the meme on the $trx $bnb chain has been very popular recently, the rapid growth of these projects on Binance is also sending a signal of copycat bulls to everyone, so everyone can really get up next.
The altcoin season will most likely start with the small-cap or non-contract sectors on Binance. The prices of such projects have fallen by more than 99% compared to the peak of the last bull market. Then it will be upgraded to sector rotation, followed by a comprehensive outbreak, and finally some weak coins will make up for the rise. The market will repeat the altcoin bull market in 2017 and 2021.
Everyone should not lie down at this time. The next three months may be the best opportunity to make money in this bull market.
The purpose of switching a part of our main funds (the amount of funds determines the ratio) to the altcoin is not to reap all the gains, but to steadily outperform Bitcoin by a certain margin and earn more Bitcoin.
Recently, the following news are of particular interest:
1. Nvidia will release its financial report next week, which should be good news for the AI sector, such as LPT, ArkM, FET, etc.
2. People will probably have some reactions to the election debate on September 10th
3. cz9.29 is released from prison, which is good for Binance series tokens, such as bnb, cake, bake, etc.
Pay attention to the strongest tracks and targets in recent days:
Big Pie Ecology: ordi sats rast dog
Ai:fet arkm LPT……
Game:ygg sui
Sun Ge Ecology:sun
bsc ecology:BSW
RGB＋:CKB
meme track:Pepe floki people turbo
The market is very violent at present. Here is the password of Ethereum’s core narrative
Pectra upgrade is an upgrade that Ethereum will carry out in Q4 (if postponed to Q1 of next year), and few people in the market have mentioned it. The best target of this upgrade, $SSV, is currently at the bottom after a round of wash-out. Some funds have already begun to deploy in this area, so those who eat first will get the meat.
The Pectra upgrade mainly upgrades Ethereum's 32 nodes to 2048 nodes, which is beneficial to tracks like $SSV. The merger, Shanghai upgrade, and Cancun upgrade all increased Ethereum by dozens of points, and it is normal for small coins to increase by several times. The Pectra upgrade is much more important than the Cancun upgrade. Everyone knows about the last Cancun upgrade, but it didn't make any money. This time, no one paid attention, so it was a sneak attack. It is expected that the recent Ethereum developer conference will keep mentioning this, and many people will discuss it next.
$SSV is fully circulated, with a market value of 212 million. It is a paper from the Ethereum Foundation, and its technology is included in the Ethereum 2.0 roadmap. The SSV code can be found in the Ethereum code base. It is the leader in DVT, and it has been washed out for a long time, so few people have chips in their hands.
Expected benefits:
Staking on Ethereum ETF.
Coinbese invested in SSV, listed on Coinbase and UPbit.
The funds brought by the Pectra upgrade enter the Ethereum ecosystem.
The SSV token model is about to change. Staking with SSV can reduce the transaction fees for people staking Ethereum and share the network fees. (Empowering and reducing circulation) SSV TVL is growing rapidly. Currently, 1.3 million ETH (3.6 billion US dollars) is staked, and it is expected to exceed 5 million ETH.
It is currently at the bottom and is also a valuable project. There is little room for the copycat to fall and it can increase several times in one pull.
SSV is also considered a strong coin. It has risen twice in the past two years, once from 7-50 and once from 11-66.
Recommend these tokens with unlimited potential:
MATIC
Currently trading between 0.39 and 0.53 cents, Polygon (MATIC) is on the verge of a major breakout. Having recently recorded an 11% weekly gain, bulls seem ready to break through the 60 cents resistance level. If MATIC succeeds in breaking through this key barrier, its price could climb to 70 cents, which would imply a possible upside of 14%. As the fall season arrives, MATIC could surge as much as 180% as bullish momentum builds, making it a strong contender for substantial growth.
GHOST
Aave (AAVE), which is trading between $95.50 and $150, is also on the verge of a major move. Despite the RSI approaching 70, indicating strong bullish conditions, AAVE has already seen impressive gains, including a 40% gain in a week. If the coin breaks out of the nearest resistance at $132.54, it could reach $158.97, which would imply a possible upside of 30%. With solid support at $79.68, AAVE is poised for a fall rally with the potential for 140% to 220% growth.
ABOUT
Sui (SUI) is currently trading between $0.71 and $1.03. Despite the recent slide, SUI is expected to rebound sharply. The RSI is 36.65, which shows that the coin is currently undervalued. If SUI breaks out of the $1.23 resistance level, it could rise by 20%. As the market develops this fall, SUI has the potential to achieve growth of up to 200%, making it a strong candidate for a solid return.
HIM
Uniswap (UNI) is trading between $5.82 and $7 and could be on the verge of a breakout. Despite recent volatility, indicators such as the RSI of 54.25 suggest that UNI could be preparing for a bullish trend. If UNI breaks out of the $6.98 resistance, it could climb to $7.75, a gain of 18%. Under favorable conditions in the fall, UNI is expected to rise significantly, with a potential growth rate of between 130% and 210%.
ABOUT
OM is trading between $0.81 and $1 and is poised for a significant upside. The coin is currently testing the $1.05 resistance level and if it breaks, a 25-30% gain could be in the cards. Having achieved a staggering 299% growth over the past six months, MANTRA is poised for a strong boost in the fall as the recent dip provides an excellent buying opportunity. As the coin aligns with positive market dynamics, a growth potential of up to 250% is expected.
