Good morning, brothers. The holiday is over and we are back to work and life. I hope October will be better. The weather is getting cooler. Remember to keep warm❤️

✅️Brief description of the market

During the one-week holiday, it can be said that the entire market is in an adjustment period of correction and shock. BTC rose last night and then fell back to 62,500. It can be seen that the pressure above is still very large, but the range support is very strong. It is expected that the rebound rhythm will start around the 10th.

A pullback in the morning, the intraday market is bullish!

According to the current market data, the price of BTC is around 62500, the price of ETH is around 2430, and the intraday pressure and support levels

Bitcoin pressure 63000/63800/64500

Support 62000/61200/60000

Second cake ETH pressure 2480/2550/2600

Support 2400/2340/2300

A-shares resumed trading after the holiday. Let’s see whether the overall sentiment of the A-share market will have any impact on the cryptocurrency circle.

✅️Spot section

If you get up early, you can see that fan tokens are rising wildly, especially led by OG. In three days, the spot price has risen 5 times, and the current highest price of 2.7u has risen to around 14.3u. Other currencies with the same concept have also risen. Brother Yu checked and found that there is no substantial positive news released for fan tokens. It is purely a wash-out. They are starting to make trouble in the garbage market. As for how long this round of fan sector market can last, it is unknown. It mainly depends on the willingness of the dealer and the intervention of retail funds in the market!

It is unrealistic to chase OG at this position. You can consider the Binance series of fan tokens. The current market value ranking of each coin is around 800-1000, Santos Porto Lazio, etc. You can control the secondary operation yourself!

As for other sectors, as the saying goes, VC value investment is a waste of money, while all-in Meme lives in the palace. Memecoin has risen the most in the spot market. The spot price of Neiro, which has been the most controversial recently, has also risen by more than 5 times since it was launched on Binance, leading the general rise of currencies in the same sector.

Meme coins: Neiro Pepe People Bome Floki Turbo, etc.

In the current market, spot operations must change their mindset. The old coins and VC coins really need to be put aside and follow the market's capital dynamics. Times are changing, and our operational thinking must also change. Faith is sometimes worthless in the currency circle.

As of now, the currencies held by Brother Yu are:

Eth Ordi Wld Op Bome Stx Saga Wif Pepe Ftt

There are endless local dogs in the primary market. Don’t rush in recklessly. You must have a source of information and explore it yourself. Sometimes the pattern should not be too big. Too many things will return to zero overnight. Stop profit in time after making a profit. Don’t Fomo, and make money in a low-key manner!