Continuous Positive Developments

CoinWorld reported:
Let us review the events of last week and those upcoming this week, providing a brief analysis.
1. The Federal Reserve has lowered interest rates by 50 basis points, initiating a rate-cutting cycle for the first time since March 2020.
Originally, the market anticipated a 25 basis point cut, making this exceed expectations and aligning with my previous judgment. The rate cut has finally arrived, marking the first positive signal and officially entering a loose monetary state. The more funds overflow, the more beneficial it is for the market, and further cuts are likely to follow.
2. CZ is set to be released on September 29, currently serving a four-month sentence and has just been transferred. As a key figure in a certain project, his potential release could provide short-term benefits to the related series, such as MEME, Four, and other projects invested in by him. His personal developments will directly influence market confidence moving forward, and there is anticipation for his return.
3. Last week, the U.S. spot Bitcoin ETF purchased 6,573 Bitcoins.
In multiple journals throughout September, I mentioned that as long as you dare to sell, there will be buyers. This significant increase indicates that the market is continuously absorbing assets. Currently, there have been seven consecutive days of gains, with Bitcoin rising from $57,000 to $64,000. After a brief pause, it is expected to continue upward, and breaking through $70,000 is only a matter of time.
4. UniSat CEO: The team is actively researching the CAT20 trading market.
Briefly, CAT20 is launched by the CAT Protocol project on Fractal, with a total supply of 21 million. It was completed in 3-4 days, currently held by over 40,000 people, and is supported by multiple platforms. Importantly, it helps Fractal attract traffic back to the Bitcoin ecosystem. Currently, the inscriptions lack a topic or a trigger, and once this is achieved, it could ignite significant interest. After such a long period of consolidation, BRC20 is also a form of MEME; we will see a resurgence during this stage, which warrants attention.
5. The unlocking of tokens such as VENOM, YGG, AGIX, and ENA is scheduled for next week.
I observed that, except for YGG which has a slightly larger unlock ratio, the remaining tokens have relatively small proportions, thus having minimal impact on the market. At the current price, VCs are unlikely to sell casually, which indicates that these tokens will still rise. Holders of these tokens need not be overly concerned.
6. The negative premium rate of USDT has reached 1.81%, with the price dipping to 6.93.
Since USDT is pegged to the U.S. dollar, the impact of the rate cut on USDT is the most pronounced. A significant amount of USD is held globally, and smart capital will likely seek to purchase more crypto assets, such as Bitcoin and Ethereum, as a hedge, which will indirectly lift their prices. Retail investors are best advised to follow this trend, waiting for a bull market to convert back to USD, and selling after waiting for a value increase. For any surplus funds in the future, exchanging around 6.6 is considered reasonable.
7. The MEME series related to Mars City has exploded.
Elon Musk tweeted about plans to build a city on Mars called TERINUS, which led to a surge in related MEME tokens. Someone purchased over $100 on September 8, which is now valued at $124,000. Many people, both domestically and internationally, are closely watching Musk and creating MEME concepts. Especially after the addition of three MEMEs on a certain platform, full support for MEME is expected, and the next phase will likely see a major explosion in MEME, suggesting a small investment for speculative gains.
8. The ETH/BTC exchange rate has risen above 0.04.
This exchange rate is expected to continue rising; currently, the price of ETH has bounced back to around $2600, with a significant resistance level at $3000. Some trapped positions exist, but breaking through should not be a major issue and will require time. Subsequently, ETH is expected to rise and pull Bitcoin along. Recently, a batch of Asian capital has been attracted during a visit to Singapore, with planning underway.
9. The circulating supply of LTC has reached 75 million, with approximately 9 million left to mine.
10. The Fear and Greed Index is at 50, indicating a neutral market.
…….
In fact, I have been signaling for two months that I have been buying the dip from August to September, while many remain hesitant and indecisive.
The primary reason is that retail investors observe certain KOLs not updating, and some projects lacking liquidity, leading to a superficial perception of the market. As the old fades away, the new cannot emerge. During such phases, we often doubt whether the market still has the capacity to generate profits, which is what the market makers wish to see. In contrast, a portion of astute investors is already positioning themselves.
From the market perspective, many altcoins have already seen gains over several weeks, with candlesticks confirming this trend. Do not wait until everyone declares a bull market to jump in at a high point again, leading to a repeat cycle.
Continue to maintain patience and optimism, extend your timeline, and opportunities will multiply, enabling us to achieve our goals