Continue to follow the Pavel Durov incident
According to a statement released by the Paris Judicial Court, Pavel Durov faces charges including providing unauthorized "cryptography" services and tools. Pavel Durov is currently being questioned and he may be detained until August 28. According to the Polymarket website, the release rate in August is 26%.
The interest rate cut is about to take effect, will the crypto really rise?
Let’s analyze the reasons for this round of rise: First of all, it must be Powell’s epic turnaround speech last Friday.
The Wall Street Journal described Powell's speech as "the strongest signal of a rate cut so far."
This wave of speeches removed all the previous obscure words like wait and see, gradually, and in an orderly manner. The market believes that his purpose is to stop everyone from guessing that the interest rate cut cycle has officially begun!
One key point is: the current trend
It does not look like a recession now. The recession has not really arrived yet. The unemployment rate, non-farm payrolls, etc. are still within controllable range. There is no substantial evidence to suggest a recession. Judging from Powell's speech, the Federal Reserve is also guiding the market to think so.
The second focus is the US election and Trump’s coming to power.
Summary: In the fourth quarter, expectations for monetary easing continue to strengthen, and recession has not yet come, so don't worry about a big drop. Finally, there is the Trump narrative. In the medium to long term, as expectations for a Fed rate cut rise and the possibility of a weakening dollar increases, Bitcoin's appeal as a safe haven and hedging tool remains.
Many institutions have even bluntly stated that this annual meeting is equivalent to an interest rate cut, and the market’s reaction has also confirmed this point, so the only suspense in September is whether it will be reduced by 25 basis points or 50 basis points!
Seize the opportunity to make money!
The Shanzhai market was also in a frenzy over the weekend. Various AI, public chains, MEME, DEFI, and public chain ecosystem projects such as solana, ETH, tron, and bnb all took off, and the growth rates were not small, generally with a 20-30% increase.
The market is getting better, just as I said before.
Several expected benefits:
For example, CZ is about to be released from prison, which can be seen from the return of Binance market activity last week. Various market makers and dealers have started to work, and Binance listings have become more frequent. Basically, several fake monster coins will come out every day.
Another is that the on-chain meme launch platform has begun to shift to multiple chains. Tron and bnb are now very popular, and will then move to other smaller public chains. This popularity should not last too long, and funds will return to CEX and mainstream currency markets. This is often the beginning of a new round of narrative bull markets.
After breaking through the previous resistance, Bitcoin’s two attempts to attack 65,000 at the 4-hour level ended in failure, and then entered a volatile mode. Currently, the support level is around 62,300-62,000 at the 4-hour level.
With the end of August, the market has actually begun, and we are getting closer and closer to the explosive market in Q4. Everyone just needs to hold on to the chips in their hands and wait patiently.
At the copycat level, memes will dominate, and more attention will be paid to the Bitcoin ecosystem, especially after Fractal goes online. I believe there will be many ways to play, which will drive the Bitcoin ecosystem.
The copycat season is about to begin, and the best money-making opportunity in this bull market is right in front of you. Whether you can achieve asset leap depends on whether you can seize it.
Follow me and go through the super bull market together!!!
