Bitcoin Market Analysis (September 13, 2022)

[Latest News] At 20:30 tonight, the US CPI for August will be announced. The market expects it to be 8.1%, and the previous value was 8.6%. This is an important moment for global traders. Economists expect the U.S. CPI to fall to 8.15 in August from 8.5% in July, which is a good number in terms of numbers, but the core CPI, which excludes volatile food and energy prices, rose to 6.1% , the former value is 5.9%, one of the two key data is good and the other is bad, with mixed results.

CME "Fed Watch": The probability of the Fed raising interest rates by 50 basis points by September is 10.0%, and the probability of raising interest rates by 75 basis points is 90.0%. By November, the probability of accumulative rate hike by 75 basis points is 8.1%, the probability of accumulative rate hike by 100 basis points is 74.9%, and the probability of accumulative rate hike by 125 basis points is 17.0%.

U.S. stocks rose for four straight sessions, and the gains were not small. The Dow rose 0.7%, the S&P 500 gained 1.1% and the Nasdaq gained 1.3%. - Bitcoin rose 3.48% to $22,396.11, rising in five of the past six sessions. - Gold rose 1%, but was overshadowed by silver, which jumped 5%. - U.S. Treasury yields were higher, with the benchmark 10-year U.S. Treasury yield rising to 3.361%. - Oil prices ended higher, up more than 1%. - The dollar fell to a two-week low, falling for four straight sessions, returning to levels seen before Powell's Jackson Hole speech.

The New York Fed survey showed that consumer inflation expectations are falling. U.S. consumer 1-year inflation expectations fell from 6.2% in July to 5.75% in August, a 10-month low, and 3-year inflation expectations fell from 3.2% in July to 2.8% in August, the lowest level in nearly two years the lowest level. In addition, U.S. consumers felt the likelihood of losing their jobs in August was lower than in the month, and the likelihood of U.S. consumers quitting their jobs in August was the lowest since March 2021.

The Soul BAB launched by Binance has exceeded 200,000 times of Claim, so many project parties have seen this opportunity. So far, the project parties holding BAB for airdrops are: 1. iZUMi (50 iZi for eligible addresses, the current price is about 0.02 USD) 2. gem.stone (200 left addresses and 500 GEMs per person) 3. BNS (free minting a bsc domain name, non-tradable, can be a whole) 4. PearDAO (obtain the GameFi token of the project) Others are projects on the Binance Chain, exempt from kyc or give in-game rewards, points, and NFTs.

Everyone knows that a bear market has no profit-making effect. If you are still pursuing profits in a bear market, I think this is purely a waste of your time and energy. If you are in the wrong direction, your efforts will be in vain. The bear market should be more about yourself Invest all your time in learning and continue to explore value projects. This is what you should do in a bear market. In the past period of time, in addition to merger hotspots, people have been widely discussing WEB3 and games. This can also be seen from the primary market. According to DappRadar data, in August Web3 games and metaverse projects raised funds. raised $748 million in funding, up 135% from July but still down 16% from June. Of all the funds raised in August, 38% were invested in infrastructure, 33% in games and metaverse projects, 27% in investment companies, and 1.7% in media, so let's focus on these tracks together, bear market Research and layout is the right choice.

Fidelity Investments is weighing a plan to allow individual investors to trade bitcoin on its brokerage platform, which currently has 34.4 million brokerage accounts, the Wall Street Journal reported, citing sources. BlockBeats previously reported that on April 26, the Fidelity Investments program allowed investors to open bitcoin accounts in their 401(k), and later this year, the 23,000 companies that use Fidelity to manage their retirement plans will have the option to invest Bitcoin added to retirement savings list.

If Fidelity really allows individual investors to trade on the platform, this is really a good thing for the industry. 34.4 million users will run into the market, so incremental funds will enter the market, which will further boost the market Rising prices, especially for properties that are wildly hyped in the crypto market, will attract more outsiders to enter through the Fidelity window.

Starbucks announced the launch of its Web3 platform, Starbucks Odyssey. Starbucks Odyssey combines Starbucks' loyalty program, Starbucks Rewards, with an NFT platform, allowing its customers to earn and purchase digital assets, unlocking exclusive experiences and rewards. As previously reported, Starbucks should give investors a preview of its Web3 plans, saying it believes the new experience will build on the current Starbucks rewards model, where customers can earn "stars" in exchange for perks like free drinks, Polygon announced. On-chain infrastructure will be provided for Starbucks Web3 service Starbucks Odyssey.

Traditional companies such as Starbucks are leading the way, and the combination of traditional and digital assets will be the next key development direction, so have you noticed that the projects we invested in and the coins we bought in the past are actually doing the underlying infrastructure construction in earnest, After the infrastructure is built, these companies will flock to them, so we must continue to learn and persevere in the bear market, and the future will be bright.

Huobi Global announced that according to the latest opinions of global financial supervision and the provisions of Article 17, paragraph 16 of the "Huobi Token Management Rules", the following anonymous trading tokens have been stopped on September 6, 2022: DASH, DCR , FIRO, XMR, XVG, ZEC and ZEN related trading products, and will be processed at 16:00 on September 19, 2022. Deposit services for .DASH, DCR, FIRO, XMR, XVG, ZEC and ZEN will stop at 16:00 (GMT+8) on September 12, 2022, but withdrawals are still available.

The NEAR Foundation, the Swiss non-profit organization for governance and development of the NEAR protocol, announced that it will launch a $100 million venture capital fund in partnership with Caerus Ventures, as well as Venture Lab. The fund, which initially raised $50 million with a goal of raising $100 million, will focus on investing in seed- and A-stage startups to drive mass blockchain adoption. Tether officially announced that USDT has been listed on NEAR. As of now, USDT has been deployed on Algorand, Avalanche, SLP, Ethereum, OKX Chain, EOS, Kusama, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine.

According to data from bitinfocharts, the computing power of the entire Bitcoin network exceeded 260 E for the first time on September 4 last week, and hit a record high of 264.8047 E so far. The current computing power of the entire Bitcoin network is about 245.908 Ehash/s, up 10.31% in the past 24 hours. On September 12, according to official information, the current RVN network computing power is 6.561TH/s, with a 24-hour increase of 20.209%.

[Market Analysis] Bitcoin has been a little bit competitive in the past two days. The current weekly level has been effectively supported twice. The first time was formed around 19000 at the end of June, and the second time was formed around 19000 in the past two weeks. At present, it can be simply understood as a small double bottom at the weekly level. According to this trend, if the macro economy is ignored, there will be a big rebound at the weekly level. However, due to the containment of the macro level, it has been relatively weak. Weak can not resist the rebound trend, because this round of decline for nearly a year, the weekly level has not been a decent rebound. So remember, the big rally must come back, it's a matter of time, maybe after September?

The 4-hour level once again stood above the 233 trend line, and it is currently being adjusted, because the market was pulling too fast a few days ago, and the market needs to repair the indicators. In fact, it was the same several times before, all the good is good.

[Risk Reminder] Digital assets fluctuate greatly and the risks are extremely high. Please participate with caution, put an end to the full-cow stud, and refuse loan leverage.