The non-farm data will be released at 8:30 p.m. The probability of a further rate hike in November is currently 18.5%. The non-farm data will affect the probability of the next rate hike.

Under this market situation, it is more appropriate to look for favorable copycats. Recently, loom is a popular game among Koreans, as well as ark, xrp, and storj.

In addition, Bitcoin sucks blood, and whales like to hoard coins when the market is sluggish. Now the Bitcoin hoarded by whales has reached a historical high. There are always people doing things quietly.

Next Bitcoin market:

1. In the short term, the price will probably fluctuate between 27200 and 28000. It will not go up in a short time. There is not enough time and energy.

2. Currently, Bitcoin has no top and no divergence. All indicators are relatively normal. The only thing is that time is not enough and it needs time to polish. However, the mid-term bullish view remains unchanged. There is an 80% probability of rising in the future market. Don't be scared by the door drawn by the dog dealer.

Here are some of the mainstream tokens I have observed recently:

Using the $ETH portfolio as a benchmark, these tokens are all likely to outperform in a good market environment.

$ARB - Arbitrum Short-Term Incentive Program (STIP).

50 million ARB will be distributed to protocols in the ecosystem, which can drive the development of the ecosystem by attracting a large amount of liquidity.

The first Optimism grant was $42M OP, and during the distribution period of this grant, TVL grew from $300M to $1B+.

$DYDX - V4 will be released this month.

Despite the lack of new features in the current version, dYdX’s daily trading volume accounts for 50%+ of all on-chain futures trading volume. V4 introduces many things such as $DYDX revenue sharing, and the only current resistance is the large-scale unlocking that will begin in December.

$PENDLE - The only DeFi protocol whose TVL consistently reaches ATHs regardless of market movements.

Great product with sustainable economics and a team that works 24/7. The recent RWA integration has further been a huge success.

$GMX - 14M ARB grant. 6M for trading incentives, 6M for liquidity incentives, 2M for protocol integration.

Arbitrum wouldn't be where they are today without GMX, so I think they're likely to get a big grant. Pretty significant positive catalyst that could attract a lot of liquidity and users, which would definitely have a big impact on $GMX.

$FXS - FXS has underperformed the market recently, in part due to the reduction in $FRAX supply.

FRAX V3 will introduce RWA collateral and yield distributions which is a major catalyst and will go live soon. $FXS will also be repurchased at $5 and $4 so unless the market goes nuclear the downside is pretty limited in my opinion.

$SNX - Synthetix V3 is coming.

The expansion of Base seems to be coming soon, using ETH as a collateral asset for synthetic debt, which may be a positive catalyst for SNX.

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