The Bitcoin market has not shown any further movement, maintaining a stable range, and the profits from the contracts are fixed operations. Please remember this moment; the profits at this stage are all preparing for losses in the next phase. It is perfectly fine to maintain a short position with a thousand points profit; today, we are still injecting a boost for spot users. This year's new star in the crypto world is Strive, which increased its holdings from about 12,000 BTC at the beginning of the year to approximately 31,000 BTC, reaching a total of 43,000 coins. The slogan at the beginning of the year was to become the world's second-largest publicly listed Bitcoin holder by the end of 26. Currently, it is only 1,000 coins away from second place, and Lao Cui's estimate should be around 50,000 coins. Therefore, the room for purchase is already quite limited, and its support for the market is also visually evident. Under the strong support of such a company, Bitcoin's trend this year still leans towards a bearish trend, and it can be seen that the ecosystem in the crypto world this year is still very poor.

Why mention this company? Although its current scale is not large, its goals are very ambitious; it can be said that it is the only company with a chance to challenge MicroStrategy. The shareholders behind it include two major financial groups: one is Fidelity and the other is BlackRock. The capital behind MicroStrategy comes from American Capital Group. The initial goal of Strive was perhaps to anchor MicroStrategy, at least to apply enough pressure to prevent MicroStrategy from selling recklessly. Speaking of selling causes great fear; it has sold about $218.4 million in BTC this year to pay some preferred stock dividends. This incident directly pushed Bitcoin to a new low by the end of the year. Put away childish mindsets; almost every company established in the crypto world is essentially your opponent. The emergence of companies like Strive at least introduces a concern for MicroStrategy in executing sales. As for further developments, it is still necessary to comprehensively consider the specific revenue situations of the companies; Fidelity's involvement serves as a support role.

Lao Cui has many users waiting for a new low to enter spot operations; this round of decline is indeed an opportunity. As an old saying goes, do not be too obsessed with the new low. The subsequent bearish situation is also a very high probability trend, and current speculation still revolves around the bearish emotions. So far, only the interest rate hike has materialized as a bearish fact; subsequent interest rate hikes and mid-term elections are still in future planning, including issues of realization in the domestic market. These aspects will have a direct impact on the market value, and under such circumstances, it is unpredictable how low the market will go when this news materializes. Based on this situation, the purchase price you should adopt should be executed according to psychological expectations; Lao Cui's psychological acceptance is around an average purchase price of 60,000 to 70,000, along with comparative prices such as MicroStrategy's average price of $75,446 and Strive's average price of $87,785.

In comparison, MicroStrategy is still in a profitable stage, and its holding average price is more reference-worthy. Their holding costs and cycles are considered within the context of medium to long-term perspectives. To clarify Lao Cui's definitions regarding medium to long-term, the past two days have seen comparisons with the users at hand. If everyone is dividing by the medium to long-term in the crypto world, Lao Cui's standard considers cycles of one week to three months as medium-term, while one year is long-term; short-term is defined in days and ultra-short-term in hours. Remember, the divisions in U.S. stocks differ from those in the crypto market; the cycles of U.S. stocks are longer, with long-term being 2-3 years, medium-term being one year, and short-term being several months, where days are already considered ultra-short-term. It is essential to distinguish between the tokenization of U.S. stocks and cryptocurrencies in the crypto world; these two categories of currencies entail two different operational methods. Do not operate U.S. stock tokens in the same way as cryptocurrencies; if losses occur, everyone might not be able to bear it, and the Lao A cycle is even longer.

Lao Cui summarizes: There is no need to emphasize contracts too much; although short-term risks are rapidly increasing, short-selling ultimately doesn't pose much of a problem, and the tone of this year has already become conclusive. Only for spot users, the form of providing opportunities raises concerns that everyone may make improper operations due to lower prices. Especially for conservative users, comparisons can be made based on the average prices of these companies; they may be the only players that will not become teammates of platform parties and bears, nor do they wish to tank the market. MicroStrategy and Strive profit through the increase in coin prices and distribute dividends after obtaining profits. This is why when new lows appear, there are even signals suggesting that MicroStrategy may collapse, forcing MicroStrategy to sell to exchange for dividends just to catch a breath. There are also disadvantages involved; if you wish to bottom-fish, our strategy remains unchanged. Lao Cui mentioned at the beginning of the year that with investments defined annually, amounts below 100,000 can be purchased, but on a monthly basis, it needs to reference their average pricing. By operating in their environments, it can guarantee reasonable returns for everyone within six months, ensuring that no losses occur.

At the end of the article, let me clarify that having an average holding price between 60,000 and 70,000 does not mean everyone should hold all their positions at this level, but rather to purchase within this range and diversify. Of course, if considering a medium-term format, holding entirely is also not a major issue. Taking long-term as the standard, perhaps over the course of this year, everyone will spend effort seeking the right entry points. Buys are necessary around 70,000, and Lao Cui's standard at reaching MicroStrategy's average holding price will be to enter with a diversified approach, perhaps in a ratio of 10% to 20% on the positions, with intervals of 3,000 to 5,000 points and gradually proportioned purchases, ultimately maintaining an average price around 60,000 to 70,000. Currently, Lao Cui's average price has finally pulled up to around 78,000 due to the previous new low, while other cryptocurrencies are all in a state of loss. The largest loss is SOL, with an average price of 120; don’t assume that it is so high; achieving this average price took Lao Cui all efforts. Lao Cui's bottom-fishing started around 200, and strategically it turned out to be a miscalculated choice. A reminder for everyone: the Federal Reserve's interest rate meeting will start today, with the interest rate announcement scheduled for October 29 at 2:30 AM (Beijing time). Any information release during this period will cause market fluctuations, and contract users must control their risks.

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