Bitcoin's market has temporarily entered a period of oscillation and adjustment. The interest rate cut in September is approaching, and the real surge FOMO market will continue in September. Currently, the key focus on the 4-hour level is the 117000 position; if it effectively breaks down, it will re-verify the position around 112000 below. If it effectively breaks down, the short-term market will be quite troublesome, so it requires close attention. The on-chain market has been good, but be cautious with position control when P-ing.
When will the altcoin season come? It depends on when the regulatory easing policies are implemented (such as the Clarity Act), as well as when monetary policy begins to ease. Most importantly, the regulatory benefits must be practically implemented. If it's fast, it could be the fourth quarter of this year; if slow, it may be next year.
LINK
The on-chain big player is swapping LINK. On one hand, Ethereum's cost-performance ratio is no longer high, but they still want to compound returns, and LINK, which can carry large funds and is a narrative all-purpose tool, is the first choice. LINK currently has income to buy back and do Treasury first, which is much more reasonable than other altcoins and more understandable for the traditional market. 1M weekly volume may not seem much, but it injects high expectations into the market, allowing for some positioning on dips.
tst
The wild players have been washed out, with a strong independent market recently. Tst has no obstacles for pumping, being the smallest spot meme in Binance, also the first meme called by CZ, and the concept CZ likes the most. Saying there won't be a big spike later is slapping CZ's face, as there are expectations for doubling.
ENA
ENA is following Ethereum's pullback, and institutions are offloading, with nearly 30 million USD sold. However, USDe surged 3.7 billion USD in 20 days, and ENA's treasury company is expected to go public in the US stock market in the fourth quarter this year. With new buyers coming in, offloading is not an issue; continue to hold.
ENA may be in the fourth wave pullback phase of a five-wave rise, with the target price for the fifth wave at 1.70-1.86 USD, expected to create a historical high.
XDOG
Currently in a state of slight decline. This coin is completely driven by consensus, and its market capitalization is hovering in the 8-10 million range. XDOG has officially come down to support on-chain Meme development.
.X Layer itself has just upgraded, OKX is strongly promoting the ecosystem, XDOG is somewhat like the early meme when BSC took off, capturing on-chain traffic and attention.
