What Is DeFi? Without Traditional Banks, How Do Lending and Trading Work?
In the Web3 world, DeFi (decentralized finance) is changing how people participate in financial activities. It uses blockchain, smart contracts, and digital assets to let users access some financial services directly. But the absence of traditional banks does not mean there are no rules, nor does it mean there are no risks.
First, what is DeFi?
DeFi is short for Decentralized Finance and generally refers to financial applications built on blockchain and smart contracts. Users can connect through a wallet to trade, lend,

📅November 6 (Friday) Macro & Finance | Beijing Time

Key event: US nonfarm payrolls at 21:30 are the day's highest-impact data release, directly affecting market volatility

1. 15:00｜Germany's September seasonally adjusted industrial production month-over-month; UK's October Halifax house price index month-over-month
2. 15:45｜France's September trade balance
3. 16:00｜Switzerland's October consumer confidence index
4. 18:00｜Eurozone's September retail sales month-over-month
5. 21:30【Major】US October nonfarm payrolls, US October unemployment rate
6. 23:00｜US preliminary University of Michigan c

1: Congratulations to the subscribers! Last night’s JCT spot trade gained up to 18%, from the tweet price to the first take-profit level.
Recap:
Yesterday’s JCTUSDT pickup code: tweet price 0.00379, short.
Best entry: 0.004-0.0044. While I was writing the tweet, the coin wicked upward, reaching a high of 0.00459. To be safe, I moved both the original best entry and stop loss up a little. In hindsight, the price action after the wick was still stable. Of course, if the best entry wasn’t reached, only the initial position entered at the current price remained.
Stop loss: 0.0045
First take-profit

I don't know how to play this anymore; every change of leadership seems to bring a bombshell

$BTC Up 5,000 one day, down 5,000 the next. That’s the whole narrative: Democrats want to regulate AI, Microsoft is cutting projects, and tonight’s nonfarm payrolls expectations are sky-high (the odds of a December rate hike are already at 80%).

Back to the charts: Bitcoin plunged in one huge bearish candle, breaking straight through the EMA200 (78,360) lifeline and smashing through the lower Bollinger Band.

KDJ plunged to 16.0, deep in oversold territory. This isn’t a normal pullback at all—the big players are using nonfarm payrolls expectations to leave longs who chased the rally hanging!

Grok just laughed at me in a chat and I feel very offended

Traders come and go, but Aoying Capital is rock solid!
Doubled again!
Wake up and count your money, friends~

11.6 Market Trend Analysis

ETH Strategy Reference Setup
Rebound zone: short around 2250--2270
Stop loss: 2310
First target: 2200, second target: 2150

Dream of a surge shattered! A wave of heavy-volume selling directly reversed the short-term trend.

On the one-hour chart, after reaching a high of 2449.95, the market came under pressure and plunged. Heavy-volume long bearish candles successively broke through layers of key support, with the low reaching 2205.11 and the current price at 2238.32.
The previous bullish structure has been completely broken, with bearish selling pressure released i

Tonight’s nonfarm payrolls data:

If the numbers come in way above expectations, unemployment doesn’t rise, and wages increase, rate-hike expectations will climb again—and that would be a double whammy for the market!

But last night’s drop had already priced in the expectations, and the analyst above has already explained that if the nonfarm payrolls data is fairly strong and rate-hike expectations ease, the market could potentially V-rebound. After all, the bill that was just introduced is only a proposal. It simply reflects the Democrats’ push to tighten AI policy and the uncertainty that c

#黄金突破4100美元 #WCTCS9 $4,100 reclaimed, then lost again; bulls and bears await one result before nonfarm payrolls

In early Asian trading, gold was range-bound near $4,097, with last night's pullback after a sharp rally leaving the suspense for tonight.
Spot gold briefly hit a two-week high of $4,147 during Thursday's US session, then retreated as the sell-off in US stocks intensified, eventually closing at $4,088.33, with gains narrowing to 0.69%. Early today, gold repeatedly swung between $4,085 and $4,100,
reclaiming $4,100 only to lose it again, as neither bulls nor bears dare to make a move

11.6 ETH Trading Plan for Today
$ETH
After plunging sharply overnight, price rebounded after hitting a low of 2205.11 and entered a low-level consolidation and recovery phase. The overall trend remains bearish, so focus on shorting rallies. #美股史诗级抛售
Support: 2205
Resistance: 2280-2300
Short: Enter on a rebound into the 2280-2300 range, stop loss at 2320, first target 2240, second target 2205
Short-term long: If price stabilizes near 2205 on a retest, consider a small position for a quick trade. First target 2250, second target 2280

☀️ GM! Markets hit the brakes. What's the next signal? 🚦
Nasdaq fell 5.52%, BTC traded near $76K, and the US jobs report drops at 8:30 AM ET.

📌 Today's topic: What's your game plan before NFP?
🔴 Red: More downside ahead?
🟡 Yellow: Wait for the jobs data?
🟢 Green: Looking for opportunities?

🎁 Share your outlook on Gate Square. Post to claim a red packet, with bigger rewards dropping at random.
👇 Share your take: https://www.gate.com/post

Yesterday’s recap
24 posts, paying tribute to that man!! 😭
929 replies, just shy of 1,000,
leaving today a chance to break the mark 💪

Don't be afraid, U.S. stocks will be great again. Trump is about to step in to rescue the market...$SNDK $SPCX

Event -900u
Futures -1500u
Gate is still 2400u away from breaking even

The host has activated your trading system
Empty, empty, empty, live in the palace😂😂😂

$AIN Down 45% in a day, plunging straight from 0.32 to 0.12, with $290 million in trading volume—it was a full-on stampede. BTC is grinding sideways around a key level, and as expectations for Fed rate cuts shrink, altcoins are the first to get drained—this 45% drop in $AIN isn’t an isolated project failure; it reflects a broad retreat in risk appetite, with capital moving out of high-volatility assets and into Bitcoin and stablecoins. The order book shows support around 0.12, but 0.15–0.16 was a continuation level in the recent downtrend; if a rebound reaches that range without volume pickin

$LLY
I could be wrong, but this is starting to feel like it’s topping out in the short term.
Like I mentioned earlier, if the market wants to continue selling off toward 7150 and potentially retest 7000, they’re going to come after every sector, one at a time.
No sector is necessarily safe if the selling pressure continues.