BTC starts to fluctuate, and ETH has no hope of rising? Looking for opportunities from shanzhai?

Firstly, yesterday the SEC decided not to prosecute XRP, which brought a chain reaction. The grayscale also submitted another application for GBTC to be converted into an ETF, and this time there is likely no reason for the SEC to continue delaying

Firstly, yesterday the SEC decided not to prosecute XRP, which brought a chain reaction. The grayscale also submitted another application for GBTC to be converted into an ETF, and this time there is likely no reason for the SEC to continue delaying. And BlackRock is the most likely institution to be approved first, so who will take the lead? There is an institution that will definitely be at the forefront, which is COINBASE, as it has been confirmed as the shared supervision of all crypto fund spot ETFs. Coinbase has full confidence in ETFs and even believes that they should be moved forward to January 2024. And this is also consistent with Sister Mu's previous prediction that by the end of 2023, multiple ETFs will be approved at the same time, which is more timely.

So the key question comes, when will there be a definite message? The original plan was for this Saturday, and Gary, who is grayscale, will have a statement that it should be postponed until next Tuesday when the US House of Representatives will question Gary. At present, there is no indication on the SEC official website. Therefore, is the decision on BTC's future trend to step out of the Mavericks market early under favorable expectations, or to continue to delay, leading to the end of this wave of upward trend?

quotations analysis

The BTC has started to oscillate, and the time is still very short. We will enter the observation stage and wait for the K-line to come out before continuing to make judgments. It oscillates around 0.618 in Fibonacci, which is 29200 up and down.

ETH continues to be weak, and the view remains the same. It depends on whether the monthly closing line is around 1600 or 1700 this month, which will have a game effect. The pullback will continue to enter, and it is expected to be around 1575, based on the actual K-line.

Hotspot counterfeit coins

On November 2nd, the official Web3 night of Financial Technology Week will be held in HK. Worth paying attention to Web3 sections: ZEC, GLM, RSS3
2. API3 has been accumulating power horizontally near 1 for a long time, oscillating within the large wedge structure, waiting for a breakthrough, and entering near 1.
3. TRB reaches 73, allowing for short selling at low multiples.
4. NTRN has halved its disk size and aims to enter the main network in mid November. It is currently in the testing network stage.
5. ARB is now oscillating along the wedge, grab some cabin, and wait for breakthrough.
6. TOMO is still optimistic about brand reshaping in November.
7. FRAXV3 version is about to be launched, and FXS also has a repurchase plan, which will be repurchased at prices of 5 and 4.
8. GMX-14 million ARB allocation, 6 million for transaction incentives,
6 million for liquidity incentives and 2 million for protocol integration.
Chainlink is about to launch a v0.2 version of its pledge service.

5 key points to pay attention to in a bear market

Let's talk about masturbation. masturbation is an unavoidable circle in the Web3 field, especially when many new friends ask me what I am suitable for. I think there are two best ways: one is to create a Twitter account, and the other is to try masturbation!

As a Twitter account, researching and outputting one's own thoughts and methodology while doing research is a way to obtain continuous positive feedback. Secondly, effective value collisions can bring excellent links and interpersonal networks, as well as further in-depth cooperation.

Try starting with grooming, because grooming is not a foolproof operation. You need to be able to read projects, calculate costs, and understand project rules. This will make you never understand the rules and gameplay of this industry, and gradually start to become the king of understanding.

I don't know when it started, but the threshold for grooming has increased, making no money, and being unfriendly to retail investors. This type of speech is everywhere, and some encryption industry personnel also believe that the grooming industry has come to an end. But in reality, I don't think that's the case. The industry is not static but dynamic. We don't listen to others blindly, we need to establish our own logic as the correct solution.

I think there are 5 points to pay attention to in a bear market?

1. Adhere to the principle of prostitution whenever possible, and try to spend less money on major matters

Every penny of capital in a bear market is precious, and in the future, it is possible to create profits that are hundreds or thousands of times higher. The most important thing is to guard the principal and not be pushed back.

2. Do not do it with large hair, and do not do it with small hair

Da Mao has a high popularity and a large number of participants. If they cannot participate in the early stage, they will inevitably form an involution form. Even Da Mao is not very cost-effective for successful participation. Although Xiao Mao is small, the success rate is relatively high, which is prone to quantitative changes and qualitative changes.

3. Improve hands-on skills

In a bear market, whether it is a large or small project, it is better to operate it firsthand than to see more. You will not be informed of any project's airdrop in advance, and of course, high costs do not necessarily mean high income. It has become the norm in the industry, and it is only by doing more when encountering projects with high cost-effectiveness that there is a possibility of surprise.

4. Project screening should be rigorous

In fact, airdrop promotion is about the value of early participation. For mature projects that have already developed, airdrop promotion is more inclined towards community followers. At this time, the accumulation of community points is very important, such as some small community tasks and activities, which should be done or not. Projects that have not been airdrop promotion should be based on the phased participation of the project, and more importantly, they should go deep into the community. Simple test network participation and one-time interaction are no longer meaningful for the project team.

5. Regularly browse the top task website

For example, GLAXE, LAYER3, QUEST, etc., observe project activities and task updates in real-time. Sometimes, small tasks in large projects are also key to increasing user and project stickiness. Don't ignore them just because they are OAT or points.

In the end, there are many things that are not actually included, such as specific opportunities and decisions, which are often not something that can be summarized in a single article.