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ETH merge is imminent, and the crypto market is welcoming new opportunities.
Crypto Market Outlook: Merger Approaches, New Narratives Emerge
Recently, positive signals have emerged in the traditional financial markets, and the crypto market is also experiencing a phase of recovery. In July, the US CPI data came in below expectations, and the employment data performed impressively, leading the market to maintain an optimistic outlook on the economic prospects.
Ethereum leads the current rebound, with the upcoming merger as the main driving force. ETH below $1800 has investment value, and it is expected to break through $2000 during the merger in mid-September. Layer 2 related tokens such as OP are worth paying attention to.
Meme coins like DOGE and SHIB are gaining strength, which may indicate that a new wave of market trends is about to arrive. DOGE/BTC is an important indicator for retail investors.
The recent upgrade of Solana is expected to improve network performance, with $48.5 being an important resistance level. Chilliz has achieved significant results in the sports fan economy and is about to launch its public blockchain. Sudoswap offers new ideas for NFT trading.
In the short term, new lows are not likely to appear, but it is still necessary to做好风险对冲. Bitcoin can be used as a hedging tool. Liquidity is expected to gradually return, and attention can be paid to Dogecoin, on-chain options, etc.
! Exploring the core narrative and track combing of the next stage of the crypto market
Future narratives worth paying attention to include: upgrades of various public chains, Layer 2 development, privacy DeFi, NFT infrastructure, and blockchain games. It is necessary to closely track emerging hotspots and timely seize investment opportunities.