Evening Market Overview on October 12

The morning's downward spike surprised some friends. For those who have experienced 1-2 bull and bear markets, this is a common phenomenon in bull markets to clear high leverage; the number of liquidations and data is indeed the largest this year, making us more in awe of the market! Yesterday, the net inflow of the $BTC ETF was 4780 contracts purchased by BlackRock and Fidelity, while MicroStrategy continued to buy BTC, along with #微软比特币投资投票案

Microsoft's large investment in Bitcoin will take place tomorrow at 00:30. If approved, it would be a clear positive for Bitcoin.

From the daily chart's larger cycle, Bitcoin is fluctuating upwards in the 85K-104K range, consistently rising in volume since Trump's victory, reaching historical highs, with both the upper and lower bands continually increasing.

On the 4H chart, Bitcoin is fluctuating in a wide channel between 90K-104K, which is also the range for our trading operations; currently, the recent 4H is testing this resistance line back and forth, resembling the 123 rule, but there has not yet been a breakthrough of the resistance level to form a true or false breakout; if we ignore the spike's shadow from early this morning and extend it, it suggests a potential shark pattern (regardless of whether it is a mutated shark) that just hasn't completed yet. Therefore, I will remain bullish until the shark or mutated shark pattern completes, but this path is very winding and requires time, moving back and forth to ultimately reach 103K. A turning point should begin a few days before Christmas; we still need to be patient and wait for the washout.

On the altcoin side, at the fans' request, I have listed some of the holdings and favored spot positions, along with some point analyses for your reference, not for trading decisions; $SOL : main position 210-3; additional position 187-3, 168-4

$BNB main position 643-3 additional position 596-3, 550-4

WIF: main position market price -3 additional position 2.5006-3

pepe: main position 0.2238-3, 2047-3, 1688-4

Neiro: main position 0.157428-3 additional position 121008-3

FLOKI: main position 0.22302-3 additional position 20233-3

DOGE: 0.35

Manage your funds and positions well, build your positions gradually, and leave the rest to time to patiently wait for the harvest season! Follow me to stay updated for the latest news and point analyses every day, along with the wealth codes you desire; remember to like and follow!