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After Bitcoin fell below 110,000 USD, it reached a low of around 107,000. Currently, on the 4-hour chart, it has received effective support three times around the 107,000 level, and it has now returned to around 110,000. If there are no major negative news, I estimate that the short-term adjustment has basically ended, with this month primarily focused on rebounds and increases. September is a month for interest rate cuts, and the market generally expects a rate cut. When the rate is cut, there will be short-term positive stimulation, leading to a FOMO situation, which we can look forward to.
So far this year, popular projects like WLFI have already been hyped, and will soon undergo revaluation and pricing in the market. Some worthless altcoins, it's best to let go of any fantasies as soon as possible.
The stablecoin ENA has surpassed 12 billion USD. Once the market rebounds, these high-quality leading DeFi projects will definitely rebound the most, so it is important to follow them. Until there are significant narratives, everyone should focus on major coins; the higher the market cap, the safer it is, and the more it can rise, such as ENA, AAVE, UNI, etc.#Gate Lists Ondo Spot Trading Zone #Will Crypto Market Break Out in September?