#数字货币领域调整# From a logarithmic perspective, Bitcoin has currently reached a key support level. If it can dip again to the 107000 level and consume the long positions liquidity in that area, it may create conditions for a trend reversal. It is worth noting that the market makers may also choose not to execute this strategy, as the recent pullback has already cleared a large number of long positions.

If the current support level is broken, the bull market cycle for cryptocurrencies may be declared over. Although the interest rate cut policy has been implemented, which provides some positive effects to a certain extent, we are still in an overall macro environment of interest rate cuts. Another point worth noting is that historical data shows that October usually experiences strong upward trends, so investors need not be overly pessimistic; there is still the possibility for the market to develop positively.

$BTC has gradually risen from $15,000 to the current stage, nearing a tenfold increase. However, this round of the bull market has not yet shown a typical parabolic rise pattern. Based on this, I personally look forward to the arrival of the fifth wave in the final stage of this bull market, which may bring more explosive price performance.