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The seven-year myth comes to an end, is Bitcoin's "October surge" no longer valid?

Bitcoin's monthly line for October closed with a decline, breaking the myth of seven consecutive increases. Fans sigh, and the bears raise their cups—but seasoned players know that this is not a "collapse," but rather a "ritual of returning to normal fluctuations."

BTC has dropped from a high of $114,000 to the $107,000 range this month. It seems to be a decline, but in reality, it's a washout of weak hands. On the macro front, the Federal Reserve's 25 basis point rate cut has not ignited risk appetite; instead, it has raised concerns about "economic slowdown". Funds have temporarily shifted to gold and bonds, leaving BTC to avoid the spotlight for now.

From a technical perspective, the BTC monthly chart shows a "high position doji star," indicating a weakening short-term trend, but it remains in a strong zone. Key support at $105,500 and resistance at $112,000, with the oscillation range unbroken.

The real focus is that history is not magic. The "miracle" of seven consecutive rises is more of a cyclical coincidence rather than an inevitable law. A mature market means that volatility should return to rationality.
The charm of BTC has never been in "rising every month," but in "no one dares to get off."

So don't be pessimistic, this drop is just the "prelude to a handover and washout." The real market trend always starts after the faith wavers.