[bull and bear cycle, speculation finally disperses]

Short-term players get excited about interest rate cuts, while the coin holders see cost dilution: your 10,000 coins are still 10,000, but the purchasing power has been eaten away by inflation.

What's truly interesting is that the more people trade coins, the easier it is for project parties to be tempted to make quick money.

I have seen too many tech bulls who originally wanted to create the next Ethereum, but then discovered that they could cash out tens of millions by launching a meme coin in just three days. Who would still be willing to spend three years writing code?

Those idealistic big shots from back then are now basically teaching people "how to scientifically harvest leeks." It's not that they have become bad; it's that the market has taught them what reality is.

In the face of liquidity, ideals are indeed very light. So it's actually quite good that the bear market has come: it has washed out all the speculators, and what remains are those who truly want to get things done.

When the next bull market comes, there should at least be a few decent projects that can emerge.

🔥 Current Market Guide (2025 Passive Income Version )

BTC: There was a slight adjustment during the day yesterday, and after the opening of the US stock market at night, it continued to decline. There were more rebounds, and pullbacks are normal. After consolidation, it will take off again, and I still have a positive outlook for the market in November.

Coin NB: It’s incredibly strong, not only rebounding back to its original position in 2 days but also reaching a new high, large TGE new offerings have driven it up, and what comes quickly also goes quickly. There’s another TGE today, which will be a good opportunity to reduce positions.

ETH: The rebound is good, the daily performance is stronger than Bitcoin. Currently, there are 2.33 million Ethereum waiting to be staked. Above 4000 is an opportunity to reduce positions. Make sure to clear positions in November!!!

Important news from yesterday:

1. A company under the Dogecoin Foundation will go public on NASDAQ through a merger.

2. CME launches SOL and XRP options trading

3. The market value of Coin NB has突破1850亿美元, reaching a new high and surpassing Pinduoduo to rise to the 107th position in global asset market value.

Speaking of today's daily BTC technical analysis, from the K-line perspective, the 1-hour level is slightly bearish, the 4-hour level is set to rise, the 12-hour level is showing an upward trend, and the daily level is declining, with an intraday resistance at 118500 and a support level at 112000.
Disclaimer: Personal operation diary, not investment advice! This article comes with a 50% reverse Buff, don't blame me if the market hits back.
‍#Gate保险箱上线 #加密市场反弹 $BTC $ETH $GT