Wintermute says negative catalysts have been digested; market focus may return to major coins
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AT A GLANCE
Wintermute believes that the negative catalysts have been digested, and the focus this week may return to Bitcoin, Ethereum,SOL and HYPE。
Article
⚡️Wintermute: The crypto market’s key focus this week is digesting profit-taking pressure; attention will return to major cryptocurrencies
BlockBeats reported that,September 22, Wintermute stated in its latest market view that, following the Fed’s interest-rate hike and CLARITY the failure of the procedural vote on the bill, all negative catalysts for the crypto market have been digested.
Wintermute believes this rebound confirms that June’s low remains valid. Over the coming 1 weeks, macroeconomic news will continue to emerge. The focus now is on establishing new support levels and digesting some profit-taking. “Market sentiment is clearly confident about this year, and the foundation of this rally also appears very solid. This week, attention is expected to return to Bitcoin, Ethereum,SOL and HYPE(target price 100 USD). At present, market sentiment is high and exciting.”
Original link https://m.theblockbeats.info/flash/368477
Key points
01
BlockBeats reported that Wintermute September 22 published its latest market view.
02
Wintermute believes that after the Fed’s rate hike and the CLARITY bill’s procedural vote failed to pass, all negative catalysts in the crypto market have been digested.
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Wintermute believes that this rebound confirms June the low remains valid.
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Wintermute stated that the focus over the coming 1 week will be on establishing new support levels and digesting some profit-taking.
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Wintermute expects this week's focus to return to Bitcoin, Ethereum,SOL and HYPE, and provide HYPE with a 100 USD target price.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market view: Wintermute believes the impact of the previously unfavorable news has already been absorbed by the market. The market now needs to absorb selling by profit-takers and attempt to establish new price support. It also expects capital attention to return to the several coins listed in the article.
Why it matters to readers
This view reflects Wintermute's assessment of short-term market sentiment, support levels, and the coins in focus, but it contains forecasts and a target price rather than results that have already occurred.
Beginners can use this to understand common expressions such as “profit-taking,” “support level,” and changes in market focus, but should not treat the market view or target price of a single institution as a certain outcome.
Risks and unknowns
The views and forecasts in the article cannot yet be verified solely on the basis of the provided material.
HYPE Target price 100 USD The basis and time frame for calculating the target price are not specified.
The materials only state September 22, and do not explicitly specify the year in the main text.
Future 1 week's specific macroeconomic news items are not listed.
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Related concepts
Negative catalyst
This term is not in the glossary yet. Browse related concepts in the glossary.
