Garrett Jin: BTC has held the support level of $76600, if it breaks through $79000 or hits a higher point

Bank of Canada Governor MacLehose stated that Canada's inflation level is too high, and the evolving situation in the Middle East poses inflation risks. The central bank will make policy decisions based on inflation data. If inflation poses a persistent problem and the central bank needs to raise interest rates, the central bank is ready to adjust monetary policy as needed. The new tariffs imposed by the United States will put pressure on economic growth in the fourth quarter, and global bond yields will have spillover effects on Canada, which the central bank will take into account.

FIL has entered the top 5 of AiCoin's hot search list for the first time in the past 7 days, and its ranking has risen from outside the list to 4th place within 24 hours, indicating a significant increase in market attention. At the same time, the trading volume has increased to 1.6 times the average level of the past 7 days, and the price has risen by 6.7%, now reporting $0.7755. The simultaneous increase in popularity, active transactions, and strong prices indicate that market capital participation is on the rise. At the current stage, the flow of funds, transaction structure, and the movement of large amounts of funds deserve special attention. By using AiCoin PRO's "Main Large Orders" and "Main Transactions", one can further observe the buying and selling situation of large funds, the price range of transactions, and the sustainability of funds. The above content is for reference only and should not be used as any investment advice

On September 2nd, Robinhood's on chain JINQIAN/FAMI forced short narrative was denied by the parties involved, and the on chain hype ended. During the period when JINQIAN's market value increased from $7 million to $60 million, the peak APR of JINQIAN/ETH trading pairs on Uniswap reached 83832%, currently at 79708%. The trading rate for JINQIAN/USDG is set at 6%, with an annualized APR of 126440%. Traders earn fees by forming a unilateral liquidity pool and sell JINQIAN, with a higher return to risk ratio than simply holding tokens. The number of scams on the chain is increasing, and forming popular meme currency LPs cannot avoid the risk of token price fluctuations.

Garrett Jin stated that BTC has held onto the support level of $76600. If BTC rises above $79000, the price may attempt to form a higher peak, but even if a higher peak is formed, it is not enough to confirm a real breakthrough in the market.

Binance KITE is currently priced at $0.1363, with a 24-hour increase of 12%. 24-hour transaction volume of 52.15 million US dollars, an increase of 120.84%, for reference only