A list of important events for the night of September 12

1. BlackRock ETF currently holds about 2% of the total Bitcoin supply (beneficial to the market)

2. Swift launches global infrastructure to simplify tokenized asset transfers (to benefit RWA)

3. Grayscale: SUI Trust is open to qualified investors seeking to invest in SUI (beneficial to SUI)

4. Ford and Toyota have doubled their investment in the blockchain field, and the number of patent submissions has surged (positive)

5. After the US CPI was announced: the probability that the Fed would cut interest rates by 25 basis points in September rose to 85% (favorable)

6. US NCUA Vice Chairman Kyle Hauptman supports the development of cryptocurrencies and stablecoins (positive)

Market analysis

The CPI was indeed favorable, but the market did not rise as planned. It is estimated that 30,000 coins were sold yesterday. Coupled with grayscale's sell-off and the impact of the pre-market decline in the US index, it is true that the opening of the US stock market also fell, causing the general market to fall below 5.6 at one point, but then it retracted. Currently, it is in a stable 5.8 position. The drop yesterday is suspected to be to launder multiple orders and keep the target unchanged. The next step in stabilizing at 5.8 is 60,000.

As for Ethereum, I don't want to mention it; it's a bit weak. V God sells coins every day to tempt girls, and he doesn't want to admit it. Currently, most of the market has lost confidence in Ethereum. Recently, it is difficult to break out of the independent market, and it is still necessary to keep up with the market.

All important economic data before the Federal Reserve cut interest rates for the first time has been released. The conclusion is that inflation continues to cool down, the economy may decline, and interest rates must be cut.

Next Thursday, September 19, at 2:00 a.m., the Federal Reserve's interest rate resolution will decide whether to cut interest rates by 25 basis points or 50 basis points. However, the current data is basically a 25 point cut in interest rates.

To secure high-quality assets in hand, the current position is controlled at 60%. Below this position, you can consider increasing your position.

Currently, I still maintain yesterday's view. If the flatbread reaches 60,000 pins, a position with good short-term profit can be put out first, then taken down. As for the long term, don't fall before dawn. Risk signals confirm lower lows. BTC is not in a bear market, but is waiting in a pattern of re-accumulation.

Ethereum's current funding rate performance may indicate that a sharp rise is imminent. Analyzing Ethereum's funding rate data for the past year, in September 2023, the funding rate hovered between 0.002 and 0.005, and then after breaking through 0.015, the price of Ethereum soared from the $1500 range to over $4000.

In September 2024, the Ethereum funding rate remained at a similar level for almost a month in a row. Although it is uncertain whether history will repeat itself, the market does have some kind of pattern. The crypto market usually starts to be active in the fourth quarter after an intensive holiday summer. You can keep a close eye on whether the funding rate breaks through the 0.015 critical threshold, which is expected to be the core indicator for tracking healthy growth during the bull market cycle.

The September shock is still the main line. Take good stock and reserve your capital.