Crypto major event notice:
September 27: The U.S. core PCE data is released. This data is one of the important bases for the Federal Reserve’s decision-making and may affect the market’s expectations for the Fed’s subsequent policies.
September 29: CZ was released from prison on September 29, which attracted the attention of the "CZ Release from Prison Concept" section.
I feel that the bull market is really here. The meme track has been really comfortable these days. As long as you hold the leader, you can make money. In addition, the ai track has also performed very well. Tao has soared, rising 3 times from the bottom.
When will Bitcoin’s bull run begin?
Bitcoin needs to stay above $64,000 for multiple daily candlesticks to confirm a trend reversal. Several recent attempts to break through $64,000 have failed to hold, reflecting that Bitcoin is still in the rebound phase of a downtrend.
Key support and resistance : Bitcoin is currently trading near the bull market support line. Although it has not broken through the 200-day moving average, it is still a good signal to stand firm on the support line. Next, whether it can close above 64,000 will be the key.
The impact of Bitcoin's market share : Bitcoin's market share has recently fallen from 58.61% to 57.6%, but it is still at a higher low. If the market share falls below 56.92%, Altcoin may have a rebound opportunity; but the current market share is still in a two-year upward trend, and Bitcoin is still the dominant force.
Ethereum and Altcoin performance : Ethereum has been strong recently, rising by about 15% in the past few days, and its valuation against Bitcoin has also shown signs of turning upward. In contrast, other Altcoin such as ADA, MATIC, and DOT are still hovering at low levels. Ethereum's good performance has positive significance for the rebound of Altcoin.
Future focus : Focus on whether Bitcoin can break through and stabilize above 64,000, as well as changes in market share. If Bitcoin successfully breaks through the key point, the entire market sentiment may quickly turn optimistic. At the same time, whether Altcoin can usher in a wave of increases will depend on the trend of Bitcoin and changes in market share.
The market is brewing or speculating on the expectation of a 50 basis point cut in November. Since the Fed cut interest rates last week, the market expects for the first time that the probability of the Fed cutting interest rates by another 50 basis points at the next FOMC meeting on November 7 is more than 50%.
Harris made her first statement: If elected president, she will encourage the development of the cryptocurrency industry. So no matter who is elected president now, they will support the development of the cryptocurrency industry and boost the price of Bitcoin. Once the presidential election date moves forward, in order to win votes, Harris and Trump will definitely propose policies and guidelines for the development of cryptocurrency. From an overall macro perspective, it is good news.
The altcoin season is coming soon. Every bull market in the crypto is a big market in the fourth quarter. Last year, Bitcoin also started a bull market in October. Here are some high-quality varieties in some popular sectors:
ETH Ecosystem
ETHFI and SSV, pay attention to these Ethereum innovation projects, the potential is unlimited!
RWA Sector
Ondo: As a tokenization leader supported by BlackRock, ONDO is in its early stages. The market's attention to RWA is increasing, and any good news will help drive its price up. Polyx: An institutional-level licensed blockchain RWA sector built specifically for institutional assets, with a market value of 395 million and 80% circulation. Tru: Invested by a16z, served as a founding Google engineer, with a market value of 148 million and 80% circulation
BTC Layer 2 Network
STX: A BTC scalability solution that helps Bitcoin’s future development.
AI Section
AI-related projects such as ARKM, AR, NEAR, LPT, and FET are on the rise and have broad prospects.
FET: Fetch.ai's original token FET is gradually gaining momentum with the help of Bitcoin's rebound. As the market recovers, the hype potential of FET still exists, especially before the launch of the second phase of the three-coin integration plan, investors should keep an eye on it.
SOL Ecosystem
Active programs such as SOL, JUP, RAY, and JTO have performed well in SOL students.
Blockchain Games
YGG, GALA and IMX, the three leading projects in the blockchain gaming field, have huge potential in the future.
Public chain sector
Public chains such as FTM, SUI, SEI, and APT have good potential for future development.
SUI: By vigorously strengthening the training of DeFi and game projects, introducing the compliant stablecoin USDC, and carrying it out globally, we will form a strong marketing capability.
To put it bluntly, you can stock up and wait for SUI to explode. If Ton relies on the strong user base of Telegram, then SUI relies on pure technical skills.
DeFi
CAKE: As the token of PancakeSwap, PancakeSwap has an unshakable position on the BNB Chain, and is also expanding to other chains such as Aptos and Arbitrum.
XVS: As the lending leader on BNB Chain, Venus has experienced some turmoil, but with the support of Binance, it is currently developing steadily and ranks first in TVL.
Meme board
BONK, WIF, PEPE, FLOKI, BOME, these popular meme coins are not to be missed, and the rise is expected
FOUR: Inspired by CZ’s iconic hand gesture, FOUR currently has a market cap of $24.3M.
Binancedog: After SUNDOG, Binancedog’s market value has reached 6.8M USD. We look forward to its subsequent performance.
BNB itself, as an important asset of Binance, is still some distance away from its ATH and should also be paid close attention to.
I wish you all get rich soon!
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