Current judgment on the current market situation:
1. This is a carnival of partial copycats driven by Binance: from the contract play of rare, sys, syn, voxel, sun, and alpaca (making money through contracts to cover the cost of spot trading) to the general rise of Binance tokens that started yesterday (the reason was the launch of the four.meme platform, and today the prices of cream, bsw, chess, burger, cake, etc. have soared). 2. The purpose of Binance drive:
1. It is to enhance the liquidity of the market, and the effect has indeed been achieved. We can see that the trading volume of copycats has shown a steady upward trend in recent days.
2. It is to make money by being a banker. Needless to say, it is definitely profitable. 3. Is the copycat season coming? Has the market ushered in a change? From the changes in trading volume and market value, we can see that the impact on the market is relatively weak. I think the copycat season should start from September to October after the interest rate cut.
Powell's speech tonight will have as much impact on the market as the last FOM meeting. The market has too high expectations for this speech, and is betting on whether the interest rate will be cut in September. If there are ambiguous or hawkish remarks again tonight, it will further undermine the confidence of buyers.
There are only two possible outcomes:
1. If the interest rate is cut in September, whether it is 25% or 50%, buying confidence can be restored, the market will start to speculate on expectations, and the bullish trend will continue until the day the interest rate cut is implemented.
2. If there is no interest rate cut in September, we will face a three-month hellish market situation. Referring to the trend of the next monthly line, I think we can prepare to wait for the BTC near the middle line of the monthly line.
There will definitely be a large fluctuation around 10 o'clock tonight, or a heaven and earth needle. Now, for the orders in hand, whether long or short, the stop loss should be set. The rest is to wait patiently for tonight's meeting.
The probability of living a dull life is not high.
The big market is about to start! Buy the dips these 3 Altcoin market!
SATS
SATS was chosen by UniSat as the star reward token of the Fractal Bitcoin project! SATS was so popular that its price went up, even ORDI had to stand aside and it went straight to the throne of the top 100 crypto market capitalization. It is the first "massive version" Meme token in the Bitcoin ecosystem, with an astonishing number of 210 trillion! Moreover, this was done quietly when Bitcoin was at its lowest point, and behind it stood a group of die-hard Bitcoin fans. UniSat was even more discerning and wanted to give SATS a divine power. Although the BRC-20 swap fee plan was scrapped, it did not prevent SATS from continuing to shine!
SOL
Speaking of Solana (SOL), it is a hot newcomer in the crypto community, with a price that stands firmly above $142, showing its dominance! With the hot activities on the chain, the price of SOL is like a rocket, soaring. The most amazing thing is that Solana has actually started a cross-border cooperation with Visa on stablecoin payments. Now, the spotlight of the global financial community is on it, and its importance has skyrocketed, which is simply a cheating rhythm!
AAVE
Let's take a look at Aave (AAVE), which is the leader in the field of decentralized finance (DeFi). It is now trading at $136, which is quite stable! Aave has always been thriving in the DeFi world by relying on innovation and cutting-edge technology. Recently, it has made a big move - upgrading to Aave V3, which has added fuel to the excitement of the market exchange. The future of AAVE is simply full of possibilities!
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