Good evening, brothers!

At any time, the result is the same. Investors, like ducks, follow the call of the "easy money" wave. If euphoric emotions envelop the market, it spreads rapidly everywhere; if fear looms over the market, everyone falls into panic. Now, perhaps we have some understanding of the mechanism behind such herd behavior, but we know very little about its psychological factors. What turns us into herd animals? Why do we follow the crowd? Why do we willingly let ourselves fall into misfortune just because others are doing the same?

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Despite Circle's strong Q3 financial report, investors are more concerned about its future profitability prospects—multiple pressures such as rising costs, interest rates entering a downward cycle, and potential insider stock sales.

On November 12, stablecoin issuer Circle announced a strong third-quarter financial report, with revenue and earnings per share exceeding Wall Street analysts' expectations.

However, this good news did not boost market sentiment, and the company's stock price plummeted more than 12% on the same day. This round of decline has caused the stock to pull back more than 70% from its all-time high set on June 23 of this year.

BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.

On the daily level, the price continues to oscillate near the moving averages, showing an average price trend.

In summary, the support level is 102900, and the resistance level is 103300.

ETH: On the 4-hour level, the price continues to oscillate near the middle band of the Bollinger Bands, with a support level of 3490 and a resistance level of 3520.

LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level of 98 and a resistance level of 102.

BCH: The price continues to stay near the upper band of the Bollinger Bands, showing a strong price trend, with a support level of 510 and a resistance level of 540.

That's all for now, good night!

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