October 4, 2026 | Today’s Market Analysis: Altcoins start to rise, but the main rally still lacks confirmation
Brothers and sisters, good weekend! Yesterday, the U.S. September nonfarm payrolls added only 29,000 jobs; the probability of a rate hike for October fell to around 20%, and the U.S. stock market rebounded. However, the 10-year U.S. Treasury yield ultimately returned to 5.28%, indicating that the market has only ruled out short-term hikes—high-interest-rate pressure has not been lifted.
$BTC is currently at $84,786, and $ETH is at $2,692; both are up less than 1%. Meanwhile, capital is clearly spreading into higher-beta assets: $PUMP is up 14.07%, WLD is up 4.13%, and NEAR is up 2.97%. PUMP also has buy-side support from buybacks and burns, but on the weekend there’s a lack of incremental ETF inflows. This round is closer to rotation within existing liquidity—it’s not a broad risk-on return.
Today, we first watch whether BTC can hold above $85,000 and then retest $87,000. If it breaks below $84,000, altcoins are likely to give back gains first. ETH needs to break above $2,750 to prove that funds aren’t just doing short-term trading of small coins.
During the holiday period, gold fell about 3.4%. XAU is still pressured by high bond yields and a strong dollar. Around the $4,100 level, if it can hold, the safe-haven logic remains. But if Treasury yields keep rising, both gold and crypto will face valuation pressure.
Today’s strategy: chase high-volatility setups like PUMP—or wait for BTC to break $87,000 before entering? #美联储10月加息概率降至17% #比特币涨至8.65万美元后回落
Brothers and sisters, good weekend! Yesterday, the U.S. September nonfarm payrolls added only 29,000 jobs; the probability of a rate hike for October fell to around 20%, and the U.S. stock market rebounded. However, the 10-year U.S. Treasury yield ultimately returned to 5.28%, indicating that the market has only ruled out short-term hikes—high-interest-rate pressure has not been lifted.
$BTC is currently at $84,786, and $ETH is at $2,692; both are up less than 1%. Meanwhile, capital is clearly spreading into higher-beta assets: $PUMP is up 14.07%, WLD is up 4.13%, and NEAR is up 2.97%. PUMP also has buy-side support from buybacks and burns, but on the weekend there’s a lack of incremental ETF inflows. This round is closer to rotation within existing liquidity—it’s not a broad risk-on return.
Today, we first watch whether BTC can hold above $85,000 and then retest $87,000. If it breaks below $84,000, altcoins are likely to give back gains first. ETH needs to break above $2,750 to prove that funds aren’t just doing short-term trading of small coins.
During the holiday period, gold fell about 3.4%. XAU is still pressured by high bond yields and a strong dollar. Around the $4,100 level, if it can hold, the safe-haven logic remains. But if Treasury yields keep rising, both gold and crypto will face valuation pressure.
Today’s strategy: chase high-volatility setups like PUMP—or wait for BTC to break $87,000 before entering? #美联储10月加息概率降至17% #比特币涨至8.65万美元后回落
