7.16 Market Trend Analysis:
Last night, the CPI data reacted a bit slowly, first a crash and then a rebound in the middle of the night. Ethereum rebounded stronger than Bitcoin, and I took the opportunity to add to $PEPE , $SUI , and $PENGU . ETH hit a low of 2930 yesterday but quickly rebounded; it feels like this wave is really going to take off.
After all, it has always been 'When Ethereum flies, retail investors thrive; when Bitcoin flies, the masses cool off,' reaching ten thousand for ETH is not a dream.
Today's gainers list has been dominated by the DeFi sector, with CRV and REZ rallying for several days, and AEVO, 1INCH, and COW also rebounding strongly, bringing a long-lost feeling; the trend of sector rotation has returned!
🔥Market Highlights:
1️⃣ ETH continues to strengthen, the ETH/BTC exchange rate is rising, and both U.S. stocks and institutions are buying.
2️⃣ Meme platform $PUMP has repurchased $2.1 million for the first time, with an annual repurchase target of $200 million, clearly gearing up for a big move. The $BONK series such as $USELESS and $ANI are also surging; $ANI is a Musk concept AI Meme.
3️⃣ NFT Meme leader PENGU continues to surge, with high control and an application for a U.S. stock ETF, accelerating the development of a strong market.
The signals for the altcoin season are becoming increasingly clear.
