# Daily Report @GreeksLive Daily Briefing for the Chinese Community ===== Release Date: 2025-10-09 Overall Market Sentiment ===== The overall sentiment in the group is leaning towards pessimism, believing that the cryptocurrency market is performing far worse than the US stock market, A-shares, and gold. Most traders are disappointed with ETH's weak performance. In terms of key support levels, BTC has significant buy orders supporting it at 120,000, while ETH has repeatedly fallen below 4,400 during trading. There is a divergence in the group regarding whether we are still in a bull market, with some traders expressing intentions to shift to US stocks after the next bear market. Hot Topics ===== • BNB has become the market focus: after building positions around 1,070 and rising to a high of 1,362, it has pulled back to 1,254, with its market cap now ranking third in the crypto space. Some traders took profits around 1,300, believing that small-scale speculation is severe, and large net outflows in spot trading indicate that sentiment has peaked. • Technical analysis using the Chande theory shows that ETH has triggered a "double sell" signal, potentially forming a rising flag pattern. ETH has dropped from 4,754 to below 4,400, a decline of 10%, performing much weaker than BTC. Some traders believe there is potential for a breakout, targeting the 4,000-5,000 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 rising by 2% in one hour, reaching a 15-year high. Dalio warns that the world economy has reached a historical juncture, comparable to the 1930s and 1970s, and suggests allocating to gold, Bitcoin, and other value-preserving assets.