The rebound market from interest rate cut expectations is simply shocking! BTC stabilized back at 116,000! Ethereum surged by 4,730; the market is clearly improving. In the last 24 hours, a total of 152,050 people have been liquidated globally, with a total liquidation amount of $393 million. Currently, it is not suitable to short! Long positions established at low levels should be held tightly.
BTC
BTC opened with a doji star in the morning, with three consecutive bullish daily candles; the weekend continues to fluctuate upward, with a rising wedge channel on the chart, and MACD shows signs of a death cross; resistance at 11.56 has now turned into support, with two pullbacks not breaking it.
Long position: continue to wait for a pullback to 11.56; if it breaks or pulls back, go long in the upward trend, defend at 11.48, with targets around 11.66 and 11.72.
Short position: high shorting at daily support and upper trend line resonance at 11.72, defend at 11.83, targets at 11.63 and 11.57.
ETH
Reasons for Ethereum's recent surge.
1. All three major US stock indices hit historical highs, driving the entire cryptocurrency market up.
2. Ethereum spot ETF has seen a net inflow for three consecutive days, with over $400 million net inflow.
3. Ethereum's strategic reserves continue to increase, having surpassed $23 billion.
4. Institutions are buying aggressively, betting on the Fed's interest rate cut on September 17.
ETH took off after confirming support at 4,500; the door to 4,800 is now open. The price has fluctuated between 4,488-4,200 for over a week. The longer it stays horizontal, the higher it will go. If it breaks and stabilizes above the 4,440-4,380 range, it will move up to 4,666-4,720. That's why I often say to break and stabilize at 4,500; there’s no strong resistance for a 300-point space above—it's a smooth ride.
How to capture altcoin season opportunities?
Mainstream coins → popular narratives → small-cap coins rotation logic.
First wave: ETH, Solana, L2, and established public chains lead the rise.
Second wave: new narrative sectors (AI, RWA, DePIN, SocialFi, etc.) begin to take over.
Third wave: small-cap meme coins and community-driven coins will surge in the short term.
At stage 78, the first wave is often already in motion, with the second/third wave starting or brewing. This bull market is a 'carrot squat' bull market! Remember not to buy coins that have already surged! After SOL rises, switch to XRP; after XRP rises, switch to BTC; after BTC rises, switch to ETH; after ETH rises, switch to DOGE; after DOGE rises, switch to altcoins; once altcoins rise—the main force will send retail investors to seek enlightenment in the West!
If each step is in the right rhythm, this bull market will be the most profitable in history, as the profit multiple will be in the thousands! The coins listed recently on Binance have excellent cost-performance; several have market values of two to three tens of millions, and if the operator doesn't pump the price, they will lose money on the coins!
$XPIN: Circulating market value of 25 million! Listed on some second and third-tier exchanges! Opened on August 22! The current price is 0.0016. There is some relation with AI and Cryptogram Venture (CGV)! I placed an order at 0.0015.
$Q: Raised 3.6 million USD before the token issuance! The current market value is 24 million, a relatively low position! Bought a small amount for the initial position.
$pop: High-level consolidation; estimated that there are significant benefits waiting! Not just a one-time flow; if they took investors' money, they need to deliver! I see the shadow of DWF! The low level looks good!
$xlab: The drop has been significant; gathered a lot of investors to build a bottom position! Secured quite a bit of investment!
On-chain
Yesterday, Xu Mingxing retweeted XDOG's post, causing a small wave of excitement, but this is just the beginning. If OK really wants to engage on-chain and wrestle with Sol and BSC, there are definitely big opportunities on the X chain. If the direction is right, time will give us the best answer.
XDOG
According to Xu Mingxing's statement, patience is key for the long term. The likelihood of XDOG being a long-term battle is high. There should be a possibility of going up to OK in the future, but it probably won't be that quick, and it will go through many ups and downs.
Last year, when it was on Hippo, it pulled up from 350m to a double, but at that time, the bull market sentiment premium was high. If it can go to OK, that announcement would be an opportunity to increase positions. However, all this is currently just a fantasy. Now, pay attention to the opportunities around XDOG at 30m; if it doesn't break down, it will be a good buying opportunity.
Xu Mingxing's recognition/retweet is the turning point for XDOG's fate. How XDOG will proceed next and how OKX will support it can be referenced from BN. Isn't it obvious?
