November 3, 2025

The overall market trend is still quite risky. Due to the weak rebound in the past two days, the market has chosen to decline, and the current price has almost reached the low points from previous dips, including BTC's price, which has once again fallen below 110,000. Although the current price of Bitcoin is still some distance from 100,000, the performance of other coins has been relatively poor, with ETH returning to the 3,700 position.
Of course, if we are operating based on the oscillation range, this is a suitable position to enter again in waves. My own grid orders are also still running. If it breaks below the lower limit of this range, I will pause buying for now. The main point is that this support is quite critical, especially for Bitcoin. The technical support is between 90,000 and 100,000. If Bitcoin truly falls below 90,000, it will be necessary to view the upcoming market trend from a bearish perspective.
The current market is so weak, and one major reason is: more and more people are realizing that the vast majority of altcoins are truly worthless. These so-called dream scenarios are only for retail investors, while the whales will just sell off frantically. Because of this, most new altcoins follow a path of sharp decline; even if there is a pump, it is only to offload, and there is no wealth effect at all. Investors inside the circle no longer trust altcoins, so how can they attract retail investors from outside the circle to enter?
But to be honest, I still have quite a bit of faith in this circle, and I really believe that some projects will discover value in the future. However, for now, I advise everyone not to play with these dazzling various altcoins. Currently, I am working on grid trading, which involves btc, eth, b.