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Here it comes

#Cryptocurrency market correction The market signals from last month have come true this month. Let's let the data speak—this $100,000 support line may not hold up well now. Market trends can be like this sometimes; the technical aspects are there.
The interconnectivity has been quite apparent recently, and one must remain cautious when necessary. It's not that it will definitely break down, but one must have a sense of risk. $BTC $ETH

According to observations, the top three (project parties) have seen their holding percentage drop from 99% to around 50% (although most of the coins are on exchanges, they have already flowed from the project parties to retail investors). Observations indicate that the project parties have completed their sell-off. The volume has plummeted with no one supporting the price; this coin is on a dead end.
The lack of support is not only because the project parties have completed their sell-off, but also because retail investors hold too many coins. The current market value is 286 million USD, and to double it would require over 500 million USD. The project parties are already well-fed and are unlikely to spend more money to support the price; as the saying goes, "a well-fed duck won't go into the water."
Therefore, I advise all brothers not to blindly bottom-fish; your bottom-fishing behavior is essentially supporting the project parties. This coin will eventually reach 0.1 USD, or even 0.001 USD. #Coal

Today there are four orders, earning a total of 44WU.
Continuing to lift, 100wu will continue to be traded.
ZEC was mentioned in the chat group, wanting to go long, it was strong in consolidation, added another position, but the overall market was bad and lost 9wu, there was no way to avoid it, just thought for a few minutes and immediately reversed to short the weakest mainstream, shorted Ethereum and made a profit, not sure if it can continue to plummet, made 39wu.
FLM increased positions all the way to 18wu, luckily it really surged in the later stage, I exited midway and it took more than ten minutes to close completely.
I shorted SOL last night, originally planned to only close half today, preparing to take back the cost, but it hit 196.8 and manually closed the other half as well, only making 8wu.
This morning I set off for a trip, should not be around this weekend, just like that #ETH #sol

#比特币价格震荡 has just experienced a thrilling moment at the end of September when it fell below $110,000, with 290,000 people liquidated. Bitcoin has quickly returned to oscillate near $120,000 in the tug-of-war between bulls and bears. This "barometer" of the cryptocurrency market again illustrates its magical attributes with dramatic fluctuations. On one side are institutions calling for a target of $250,000, while on the other side, the technical indicators show a risk of correction. The current price point hides too many signals worth dissecting.

From the perspective of core driving forces, the continuous entry of institutional capital remains the strongest engine. The U.S. spot Bitcoin ETF has cumulatively purchased over $54.6 billion worth of Bitcoin, with BlackRock accounting for 60% of the ETF holdings. A weekly inflow of $1 billion can push prices up by 4%. More critically, this trend of institutionalization has spread from financial giants to sovereign levels—El Salvador's holdings have increased to 6,250 coins, and the Trump administration even established the "U.S. Strategic Bitcoin Reserve," transforming Bitcoin from a speculative asset to a macro hedging tool.

However, the short-term market is in a sensitive balance state. Technically, the 4-hour MACD histogram is shrinking, indicating weakening upward momentum. $120,000 is both a psychological barrier and a previous high resistance level, and a breakout requires strong volume support, while the lower $117,000 serves as a dividing line between bulls and bears, with a drop below that potentially triggering technical sell-offs. The flow of funds further exposes the divergence: whales are net accumulating, mid-sized whales are slightly withdrawing, while retail investors are taking profits, making it difficult for the oscillating market to end quickly.

The divergence in institutional predictions further reflects the market's uncertainty. Citigroup offers a baseline expectation of $135,000, optimistic scenarios could reach $199,000, but pessimistic scenarios may fall to $64,000; Standard Chartered is even more aggressive, insisting on a target of $200,000 by the end of the year. Supporting these predictions is the liquidity easing brought by the Federal Reserve's interest rate cuts, while risk points are concentrated on regulatory policy changes and global economic fluctuations.

For investors, the clearest signal in the current market may be "risk control first." If it can stabilize above $120,000 and break through the previous high, it may initiate a new round of market action; if it fails to hold the Fibonacci support level of $115,000, caution should be exercised for a deep correction. After all, in an extremely greedy market sentiment, the frenzy and retreat are often just a key price point away from breakthrough or failure.