The “golden September, silver October” benefits continue! A new week, a brand-new start! Welcome new swing-trading friends to join us with 26,000! Choose the right path and achieve twice the results with half the effort! Really, choosing the right direction is far more important than blindly working hard; follow the right strategy and avoid countless detours! $BTC $ETH $SOL #ETH站上2700美元 #BTC短线回调

Which mainland media outlet is bold enough to write this! All I can say is that China is far ahead, the situation is excellent, and ordinary people are celebrating! China’s industrial profit growth continues to slow, but the market is not truly worried about declining profits Profits at Chinese industrial enterprises are still growing, but the “slowdown” has already begun to emerge as a new signal. The latest data shows that from January to August, profits at industrial enterprises above designated size increased 15.7% year over year, but growth in August alone was only 4.2%. Compared with growth rates of 15.1% in June and 11.2% in July, this marks a clear and continuous cooling. More notably, at the end of August, finished-goods inventories at industrial enterprises above designated size increased 11% year over year, while accounts receivable rose 9%—both significantly higher than the 6.6% growth in operating revenue. In other words, corporate profits have not yet deteriorated significantly, but inventory and capital tied up in receivables are rising. Whether demand can keep up is becoming the market’s main focus. Industry divergence is also very apparent: profits in computer, communications, and electronic equipment manufacturing increased 1.1-fold year over year, while nonferrous metals, coal, chemicals, and other industries continued to provide incremental profits. However, traditional industries such as automobile manufacturing, agricultural and sideline food processing, and ferrous metal smelting remain under considerable pressure. Therefore, the true market implication of this set of data is not simply whether the economy is “good” or “bad,” but whether policymakers will further step up support for domestic demand and corporate profitability after profit growth slows. If policy expectations strengthen going forward, A-shares, Hong Kong stocks, and renminbi-denominated risk assets may receive support. If demand remains weak, expectations for policy stimulus may instead intensify further. For BTC, the transmission mechanism is relatively indirect. The key factor remains global risk appetite. If expectations for China’s economy improve, this would help restore sentiment toward Asian risk assets. However, if global dollar liquidity tightens at the same time, BTC will still face more direct macroeconomic pressure. Therefore, three signals should be watched closely next: whether industrial profit growth can stabilize and rebound, whether inventories can decline, and whether policy support will continue to intensify. Profit growth itself is not alarming. What is truly worth watching is this: Will slowing corporate profit growth become the starting point for a new round of strengthening policy expectations?

☀️ GM! BTC has had its run — now the market is watching who takes the next leg. 👀 📌 Today’s topic: BTC, ETH, or altcoins — who leads next? A few angles to post about: Does BTC stay in front, does ETH take over, or do altcoins start rotating higher? Are you holding, rotating, or waiting for a better setup? ✨ Strong takes may get featured on Gate Square and receive extra exposure. 👇 Share your view: https://www.gate.com/post