ChainCatcher news, 10x Research stated in its latest report that the crypto market is undergoing some significant changes. While short-term concerns are evident, larger trends may soon overshadow these worries. Last night's market adjustment may have stemmed from weak economic data from China, indicating a need for additional stimulus measures.As a result, speculative traders may have shifted from Bitcoin to Chinese stocks for higher beta exposure. There are also concerns about the weakness at the beginning of the month. Additionally, Bitcoin's short-term technical indicators appear to be overbought.

ChainCatcher news, 10x Research pointed out in its market analysis that while most people's attention is focused on U.S. employment data, the ISM Manufacturing Index has triggered a 10% market adjustment in the first week of each of the past three months. However, employment data plays a key role in shaping market sentiment. Weak employment data has heightened concerns about an economic recession and increased expectations for a Federal Reserve rate cut, while stronger employment data has reassured investors that the U.S. economy is more resilient than the ISM Manufacturing Index suggests.The ISM index may accurately reflect economic conditions. However, the market has been interpreting employment data through the lens of lower inflation, which is expected to give the Federal Reserve more room for aggressive action. In July of this year, we emphasized that the ISM could signal the end of the Bitcoin cycle, and the ISM data released at 10 AM Eastern Time on October 1st will be crucial for assessing the U.S. economic outlook.

ChainCatcher news, 10x Research released a report stating that since the Federal Reserve cut interest rates in September, Bitcoin has risen by 5%, while Ethereum has surged by 11%, and altcoins are experiencing explosive growth. With the acceleration of stablecoin minting, Chinese over-the-counter brokers report billions of dollars in inflows, suggesting further upside potential. As Bitcoin breaks through $65,000, we expect it to quickly rise to $70,000, followed by setting a new all-time high in the short term.Driven by increased global liquidity, China's $278 billion stimulus plan could ignite a parabolic rebound in cryptocurrency prices. If Trump is re-elected, he may seek to excessively stimulate the U.S. economy, potentially forcing the Federal Reserve to reverse the rate-cutting cycle as early as the first half of 2025.It indicates that the target for the next two weeks is $70,000, with hopes of setting a new all-time high before the end of October.

ChainCatcher news, 10x Research stated in its market analysis that there has been a significant shift in market trends following the Federal Reserve's interest rate cuts, with investors' preference for DeFi and high beta assets beginning to rise. Several key themes emerged at the Token2049 conference, hinting at the impact of interest rate cuts on the revival of DeFi, such as the tokenization of real assets showing a decreased market demand for on-chain tokens similar to government bonds, as lower interest rates have made them less attractive.As Bitcoin breaks through $60,000 and aims for $65,000, savvy traders have begun accumulating undervalued altcoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT, betting on a strong rebound in the fourth quarter.

ChainCatcher news, 10x Research released a market analysis indicating that BTC is expected to reach an all-time high in the fourth quarter of 2024. It recently discussed the potential catalysts for BTC's year-end rebound and noted that the current market structure has improved, with stablecoins continuing to be issued and futures leverage also on the rise. As we approach the critical window from October to March, the likelihood of a significant breakthrough will increase.

ChainCatcher news, 10x Research released a report stating that its trading signals have increased long positions to a net long position of 70% for the first time. According to historical pattern analysis, this shift indicates that Bitcoin and Ethereum may provide attractive buying opportunities within a 2-3 month timeframe.

ChainCatcher news, according to Coindesk, 10x Research believes that if the Federal Reserve cuts interest rates by 50 basis points (bps) on September 18, the originally bullish liquidity easing cycle may have adverse effects on risk assets, including cryptocurrencies.It is reported that a 50 basis point adjustment typically indicates an urgency to control inflation and triggers a risk-averse sentiment in financial markets. A 50 basis point rate cut next week may signal heightened concerns about the economy or a feeling of lagging in addressing the impending economic slowdown, leading investors to reduce their exposure to risk assets like Bitcoin (BTC) and stocks.Markus Thielen, founder of 10x Research, stated: "While a 50 basis point rate cut by the Federal Reserve may indicate greater market concerns, the Fed's primary focus will be on mitigating economic risks rather than managing market reactions."

ChainCatcher news, 10x Research founder Markus Thielen stated in an interview with CNBC that he expects more short-term volatility in the cryptocurrency market, but the possibility of Trump being re-elected as president and the upcoming FTX creditor payouts will provide support for year-end prices.

ChainCatcher news, cryptocurrency research institution 10x Research has released its latest market analysis report, indicating that Bitcoin prices have rebounded as expected in its Monday market update, following a sharp decline last week. Currently, Bitcoin prices are up 6%, reaching $57,600, close to the previously predicted target of $58,000. 10x Research emphasizes that trading Bitcoin has become more challenging in the current environment lacking a clear bull market. On-chain analysis shows that the bull market cycle has shortened, but there are still opportunities for disciplined traders who can accurately predict macro events and adapt to the ever-changing Bitcoin market structure.The institution states that this rebound prediction is based on three key factors: extreme bearish sentiment, the recovery of reversal indicators, and upcoming tactical catalysts. Among these, two of the three reversal indicators have recovered from severely oversold levels, suggesting the possibility of a short-term rebound and counter-trend rally. Meanwhile, 10x Research believes that these upcoming catalytic events may force bearish traders to close their positions, while other traders may establish new bullish positions before and after these events.

ChainCatcher message, 10x Research posted on social media that while it remains optimistic about the medium to long-term prospects of digital assets, caution is needed in the short term. Although the market experienced a V-shaped recovery after declines in early May, early July, and early August, the underlying market structure and fundamentals have gradually weakened. As a result, each decline has become deeper, and the subsequent recoveries have been more moderate. The latest month-end data suggests that we may be approaching a critical turning point in September, characterized by a decline in demand.

ChainCatcher message, 10x Research released a report stating that the rebound in Bitcoin prices is tactical, and $65,000 is crucial for realizing profits. As expected, the FOMC meeting minutes and Powell's dovish stance drove the rise in Bitcoin, and a short squeeze may push Bitcoin higher.However, despite predicting that Bitcoin would rise by 10%, these gains have now completely reversed, and significant risks are emerging as September approaches.

ChainCatcher news, according to CoinDesk, 10x Research founder Markus Thielen pointed out that the rebound in cryptocurrency prices is supported by the strong expansion of stablecoins, with the minting volume of stablecoins reaching $1 billion on a 7-day average.In addition, LMAX Group market strategist Joel Kruger stated in an analysis report released this Monday: "Technically, the market is increasingly resembling a bullish consolidation before the next significant surge. This would mean that Bitcoin will set a new high, and ETH may also break its annual high and challenge the historical high set in 2021."

ChainCatcher message, 10x Research released the latest report stating that Bitcoin broke through the symmetrical triangle pattern as expected last week, moving towards the target price of $65,000, currently achieving a 9% return. The Fed meeting minutes released last Wednesday were dovish, which propelled the rise of Bitcoin.10x Research believes that the current market is in a dynamic "hit and run" environment, where rapid tactical trading can yield significant returns. As Bitcoin continues to trade sideways within a wide range, accurately predicting macroeconomic events is crucial for seizing opportunities.In addition, market attention is shifting towards the upcoming Nvidia earnings report, with the options market expecting its stock price to experience about an 8% volatility.

ChainCatcher news, 10x Research stated in its latest analysis that Bitcoin has risen by 4% since yesterday, consistent with its bullish outlook. Bitcoin made a decisive upward move, breaking through the symmetrical triangle pattern, indicating potential for further upside.With the support of an increase of $1 billion in open interest, Bitcoin's funding rate has returned to a premium. Considering these dynamics, a straightforward strategy is to go long on Bitcoin while shorting Ethereum, as Bitcoin's dominance continues to rise, with its share of open positions increasingly deviating in favor of Bitcoin. The Federal Reserve's meeting minutes were as expected, with a strong focus on the employment aspect of its dual mandate.According to current economic data forecasts, the inflation target seems within reach. "The vast majority" of FOMC members support a rate cut in September, with several members even considering a rate cut in July as a viable option. This makes a rate cut in September almost inevitable. Powell's upcoming speech on Friday is expected to reinforce this dovish outlook, potentially boosting risk assets like stocks and Bitcoin, as monetary policy provides a favorable backdrop. The Federal Reserve's focus in decision-making is shifting towards employment, making inflation data less significant, especially with CPI trending towards 2.5% in the coming months. Multiple rate cuts may be needed to sustain the current economic expansion.

ChainCatcher news, 10xResearch stated in its latest analysis that Bitcoin attempted to rebound yesterday but failed to break through the triangle pattern.However, with changes in election odds and a slightly favorable risk appetite environment, Bitcoin may attempt to break upwards again. Nevertheless, significant risks remain, which could lead to a pullback in late September, followed by a potential rebound before the end of the year. All three reversal indicators show strong rebounds, with momentum exceeding its moving averages, which is an encouraging sign of improved market technical conditions. The possibility of rising to $65,000 is within range. However, we will closely monitor the direction of the triangle breakout. Risk management remains crucial.As expected, following the sharp decline after the crash on August 5, long positions in perpetual contracts are limited. Ethereum's open interest remains relatively unchanged, while Bitcoin's small short positions may be closed, driving prices up. From a positive perspective, derivative positions are no longer overly extended, unlike in late July when excessive leverage led to an inevitable pullback.

ChainCatcher message, 10x Research released a report stating that Bitcoin is expected to fall back to a trading range of $50,000 to $60,000. The rebound after the crash on August 5 will likely stall near the resistance zone between $60,000 and $61,000. This slowdown may allow oversold technical indicators to reset, increasing the likelihood that Bitcoin could retest the low around $50,000 from August 5, a move that would catch many off guard. There are still profit opportunities in the cryptocurrency market, but the timing is not ideal.

ChainCatcher news, 10x Research stated in its market analysis that interpreting trends is particularly challenging during critical moments in the economy and financial markets, as old narratives are questioned and new ones gradually form. During this time, traders and investors must closely monitor market signals. It is crucial to recognize that before shifting attention to the next topic, the market often focuses on a mainstream narrative. Understanding this dynamic is essential for effectively following market transformations.After the sale of BTC from German addresses at the end of June, market concerns shifted to the upcoming payouts from Mt. Gox in early July. With the incident involving Trump and his subsequent choice of Bitcoin holder JD Vance as his vice-presidential pick, the narrative took a dramatic turn. As the odds of Trump’s election soared to 70%, the price of Bitcoin became closely tied to these political developments. However, President Biden's announcement on July 21 to withdraw from the 2025 presidential race abruptly halted this momentum.Following discussions about Bitcoin as a strategic reserve, Bitcoin once again broke through the $70,000 mark, raising high expectations for Trump’s speech at the Nashville Bitcoin conference. Unfortunately, the speech did not live up to the hype. When the U.S. government transferred $2 billion worth of Bitcoin, the upward momentum for Bitcoin came to an end. The trading range between $60,000 and $70,000 has remained stable, but a significant shift in this range is imminent.

ChainCatcher news, 10x Research founder Markus Thielen stated that although the unwinding of yen arbitrage trades may have paused, stabilizing risk assets including Bitcoin, the slowdown in U.S. consumer lending remains a concern.In June, the total credit balance in the U.S. increased by $8.9 billion, below the expected $10 billion, while credit card debt decreased by $1.7 billion, marking the largest decline since early 2021. The credit card delinquency rate reached 10.93%, the highest since 2012, and the auto loan delinquency rate also hit 4.43%, the highest since 2021.Thielen pointed out that these factors indicate that U.S. consumers' borrowing capacity has reached its limit, which could pose challenges for the cryptocurrency market. Additionally, the uncertainty surrounding the U.S. elections, economic slowdown, and the cooling of the artificial intelligence boom are also potential risks.

ChainCatcher news, 10x Research released a report stating that the Bitcoin spot ETF has recently failed to capitalize on the downturn, instead experiencing continued outflows, with no significant inflows from stablecoins. The lack of buyers during this decline is concerning and has made the market direction unclear.Yesterday, it noted that Bitcoin attempted to rebound but emphasized the strong resistance in the $56,000 to $57,000 range, which hindered the rebound triggered by the Bank of Japan's statement. However, the Bank of Japan did not hit the rewind button; they simply pressed the "pause" button, as they may raise interest rates again.10x Research key insights highlight that even if the market surpasses the hype surrounding the Japanese arbitrage trading news, downside risks still exist in the Nasdaq index, and Bitcoin may decline further.