#1210超57万人爆仓

Morning Market Overview on October 12:

Did the two heavenly needles in the early morning wake you up? The morning closing price of Bitcoin was a bearish candle at $BTC .

Yesterday, it kept declining during the day, and after 8 PM, it started to recover, especially after the U.S. stock market opened, pulling Bitcoin back to 100,000. Many retail investors thought a big rise was coming, but a sudden drop with high volume brought it back to reality, continuing to consolidate. This is a tactic used by bull market manipulators to lure in buyers, yet many people fail to understand the market movements. In my post last night, I mentioned waiting for Bitcoin to further correct; as expected, the two needles at 4-5 AM caused how many people to get liquidated? In the last 24 hours, 570,882 people were liquidated, with a total amount reaching 1.72 billion, including 1.55 billion in long positions and 169.23 million in short positions, setting a historical record for liquidations this year! Did you contribute to this?

Currently, Bitcoin during the day is not expected to have significant swings and needs to repair and consolidate upwards. Resistance is at 98,897.38 and 101,180; support is at 96,149 and 94,816.

$ETH 's needle reached the support zone of 3503-3538, which I always emphasize is a strong support area for Ethereum. If it breaks below this, it would be 3260; yesterday I mentioned the mutated shark's D point is about 70 points away from the needle, and its power is quite strong! Ethereum's support is at 3625 and 3567; resistance at 3798 and 3866.

Altcoins were even more tragic in the early morning, with bodies strewn across the market. I had a premonition during the day that altcoins would have a big correction, but I didn't expect it to be so intense along with Bitcoin's needle. However, the spot I received while sleeping at $BNB SOL/WIF/Neiro was a relatively appropriate position; if you missed the targets overnight, if there is an opportunity to retrace during the day, it might just be your last chance to get in.

Follow me and you won't get lost; I provide you with the latest news and point analysis every day, as well as the wealth codes you want. Remember to hit follow and like!