9.18 Market Analysis

#BTC surged to pressure around 117400 yesterday morning, then began to decline. In the evening, it rebounded, continuing the overall oscillating trend. In terms of news, the Federal Reserve cut interest rates by 25 basis points, as expected, and the large cryptocurrency market fluctuated by only 1.4%, having almost no impact on the trend.

On the altcoin side, to put it simply: the ALPHA bull market continues!!! The overall leader #MYX surged to the previous high of 18, reaching our target; #M continues to rise sharply to new highs, keep an eye on it and look for pullback opportunities to enter.

The popular coin of the day #STBL fell sharply after going live, much weaker than expected. The reason may be that although the founder is a co-founder of Tether, the project has no connection to Tether, which greatly diminishes the endorsement value. Coupled with the significant rise after going live with ALPHA, the profit-taking pressure is severe, thus it needs to adjust for a period to consume these profit-taking positions.

In terms of strategy, continue to go long on ALPHA concepts, you can buy on pullbacks or ambush some coins that haven't risen, like AGT. $AGT $MYX $M