September 14th Morning Review: Bitcoin remains stagnant, Ethereum leads strongly, and the cryptocurrencies that whales are quietly accumulating are actually these!

CN
11 hours ago

Good morning, crypto friends! ☀️ I am Wang Yibo! It's a new Sunday, and the smoke of the crypto market is still lingering. Iron fans, come and check in! 👍 Friends who like this will definitely make a fortune this year! 🍗🍗🌹🌹

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The crypto market is unfolding new dramas every day, filled with surprises and challenges. The most pressing issue for the market right now is the Federal Reserve's interest rate decision in four days. Currently, the market almost unanimously believes that a rate cut is a done deal, but in this market, there is never an absolute "certainty." It's important to remember that all data and decision-making power are firmly in the hands of the Federal Reserve, and until the announcement is made, any variables could arise.

Looking back at history, every decision made by the Federal Reserve is like weighing various complex factors on a scale. Recently, the performance of the U.S. job market has been described as "bleak," with only 22,000 non-farm jobs added in August, far below market expectations, and the unemployment rate unexpectedly climbed to 4.3%, reaching a new high since 2021. More notably, after the U.S. Department of Labor made benchmark revisions to the employment data from the past year, it lowered the job count by over 900,000 in one go, undoubtedly casting a shadow over the job market.

However, inflation data presents a different picture. The U.S. CPI remains around 2.9%, and the core PCE fluctuates between 2.9% and 3.1%, significantly above the Federal Reserve's long-term target of 2%. This situation of "slowing growth + sticky inflation" puts the Federal Reserve's decision-making in a dilemma and adds more uncertainty to the crypto market.

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Yesterday in the crypto market, there was a lively scene of "chaos and excitement," but starting from the night, the market direction changed dramatically, and the differentiation became more pronounced.

The once-glorious meme sector was the first to enter a correction phase. Many of the meme coins that were previously hyped saw significant declines, and trading volumes shrank accordingly. The logic behind this is not hard to understand; after a substantial rise, a large number of profit-taking positions were accumulated, and once market sentiment shifts slightly, these funds will quickly withdraw to secure profits.

Whether the AI artificial intelligence sector has corrected adequately has become a hot topic of discussion. From a technical perspective, some AI-related cryptocurrencies have seen astonishing declines recently, with a well-known AI concept coin's price halving in the past week. However, from a fundamental analysis standpoint, the wave of development in the AI industry is unstoppable, with global investments in AI technology continuing to increase and application scenarios constantly expanding. In my view, the current correction is more likely a short-term consolidation rather than the end of the trend. In the long run, as AI technology is applied more deeply, related cryptocurrencies still have considerable upside potential.

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Among mainstream cryptocurrencies, Bitcoin's performance is slightly weaker, trailing behind Ethereum. Currently, Bitcoin's price is fluctuating steadily within a certain range, and this "holding pattern" reflects the characteristics of the altcoin season. Historical data tells us that during altcoin seasons, Bitcoin's gains often lag behind those of other cryptocurrencies.

Ethereum, on the other hand, is performing strongly, closely related to the continuous improvement of its ecosystem. Ethereum's Layer 2 scaling solutions are maturing, attracting more developers and users, significantly enhancing network efficiency and value. JPMorgan analysts have also pointed out four core reasons why Ethereum has recently outperformed Bitcoin: ETF staking expectations, corporate asset allocation, a more relaxed regulatory attitude, and optimized redemption mechanisms. Currently, the proportion of ETH held by corporate treasuries and ETFs has surpassed 8.3% of the total supply, doubling from 3% at the beginning of the year, indicating the level of institutional favor towards Ethereum.

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SOL's performance has been impressive, successfully stabilizing above the 240 mark. The continuous innovation within the Solana ecosystem is the core driving force behind its price increase, especially the news that its Digital Asset Treasury (DAT) concept has gained entry to Nasdaq, injecting a strong independent catalyst for SOL. Additionally, Solana's advantages in transaction speed and cost have attracted numerous projects to build on its platform, further enhancing its value.

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Currently, the cryptocurrencies with stable performance are mainly concentrated in AAVE, BUH, BNB, UNI, SUI, LINK, etc. Among them, UNI and LINK have seen continuous large-scale accumulation by whale institutions. Taking LINK as an example, as a decentralized oracle network, it plays a key role in the cryptocurrency ecosystem by providing reliable external data for smart contracts. The continuous accumulation by whale institutions clearly reflects their optimism about its future development prospects. For these stable-performing cryptocurrencies, it is advisable for investors to consider long-term holding to share in the benefits of their value growth.

For those cryptocurrencies with frequent sector rotations, due to significant price fluctuations, they are more suitable for swing trading. This requires investors to closely monitor market dynamics and accurately grasp buying and selling opportunities. For instance, when a sector experiences positive news, the prices of related cryptocurrencies often surge quickly, at which point one can sell at a high; when the sector corrects to a certain extent, one can look for suitable opportunities to buy in. However, this type of operation requires high technical analysis skills and market sensitivity, necessitating rich experience and a good mindset. Everyone can pay more attention to my real-time updates to timely grasp market changes and make more reasonable investment decisions.

A new day brings both opportunities and risks in the market. Let's keep a close eye on market dynamics and find our own opportunities amid the fluctuations!

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If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increase positions, get stuck at the bottom, can’t hold onto profits, miss out on trends… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profitable trade is worth more than a thousand words; finding the right direction is better than repeatedly facing defeat. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to steadily moving forward with you in the market.

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