Is the market warming up? ETH becomes the core driving force of the market. Who can take over DOGE, UNI, SOL? Did you catch the big wave of XDOG?
The market atmosphere over the weekend has clearly improved. First, #OK币 saw a big rally, boosting confidence, while BNB is steadily pushing towards the 1000 mark.
According to past experience, once Bitcoin and ETH start moving, altcoins and platform tokens will follow, so holding steady now is crucial.
The low point of this wave of the market did not break on Friday night, which is a positive signal.
I personally feel that the probability of a bottom has increased from 30% to 50%. In the short term, even if there is another drop, as long as it does not fall below 114000 or 4250, it remains reasonable.
On a macro level, there aren't many suppressive factors; the impact of PPI is more short-term noise, and the probability of a 50 basis point rate cut in September remains as high as 90%. So my judgment is: even if there is a pullback at the end of August or early September, the September market will still welcome a new round of increases.