#日报 @GreeksLive Daily Briefing of the Chinese Community

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Release Date: 2025-10-09

Overall market sentiment
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The overall sentiment in the group is pessimistic, believing that the performance of the crypto market is far inferior to that of US stocks, A-shares, and gold. Most traders are disappointed with ETH's weak performance. In terms of key support levels, BTC has a large number of buy orders supporting it at 120,000, while ETH has repeatedly fallen below 4,400 during trading. There is a divergence within the group on whether we are still in a bull market, with some traders expressing their intention to shift to US stocks after the next bear market.

Hot Topics
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• BNB has become the market focus: after building a position around 1070 and rising to a high point of 1362, it has pulled back to 1254, with its market value rising to the third in the crypto space. Some traders took profits and exited around 1300, believing that small-scale speculation is intense, and the significant net outflow in spot trading indicates that sentiment has peaked.
• The Chande theory technical analysis shows that ETH has triggered a "two-sell" signal, which may form a rising flag pattern. ETH has dropped from 4754 to below 4400, a decline of 10%, performing significantly weaker than BTC. Some traders believe there is potential for a breakout, targeting the 4000-5000 range.
• The surge in the A-share Sci-Tech Innovation Board has led to a scarcity of out-of-the-money calls, with the CSI 300 index achieving a 2% increase in just one hour, setting a new 15-year high. Ray Dalio warns that the world economy has reached a historical juncture, comparable to the 1930s and 1970s, and suggests allocating assets like gold and Bitcoin for value preservation.