On Saturday, the altcoin market surged wildly, with #doge leading the way as meme coins began to take off. #moodeng, #pnut, #pepe, and others saw significant increases, but by Sunday, most had returned to their starting positions. Currently, the weaker altcoins are not showing sustained momentum;

Bitcoin surged to 116000 on Saturday but couldn't hold on and was knocked down on Sunday. It is currently mainly experiencing fluctuations, with a 4-hour upward trend forming, so patience is required. After the interest rate cut this week, it is expected to officially start because after the September rate cut, the market will quickly focus on the next rate cut, including the extent and timing of the cut. This expectation of a rate cut will last for a while and will not end immediately.