Yesterday, BTC soared to a high of 102724, but by evening it staged a spectacular dive. It was truly thrilling! This rise was strongly supported by trading volume, successfully igniting everyone's eager anticipation for a bull market. However, the cold water poured down in the evening made one feel instantly chilled, yet also stirred with excitement.

The main reason is still the lackluster performance of the US stock market, with Nvidia and the blockchain leader MicroStrategy leading the decline, and gold also falling. Indeed, when the retail investors get caught up in FOMO (Fear of Missing Out), it becomes the best time for harvesting, and a classic pullback pattern is thus completed.

Now, everyone is eagerly watching the news from the US, hoping for some good news to come in mid to late October. However, this time it can be considered a pre-adjustment, which is a good thing, right? I hope this sharp drop is the last washout before the big bull arrives. This content is for reference only and does not constitute any investment advice.

From the overall market trend, it dropped to around 96000 last night, but since there was no lower shadow, it may not yet be the bottom. If it really adjusts to below 95000, you can confidently buy in stages, and the more it falls, the more you should buy! Those without positions should not rush to short, and definitely do not chase the highs and lows with large positions; you must stay steady!