Today's market movement truly demonstrated the market's unpredictability in all its glory. On Monday, the overall market consolidated with oscillations. In the evening, influenced by Trump-related news, the market experienced violent minute-level rallies, with Bitcoin's daily volatility exceeding 4,500 points. From midnight to early morning, after we publicly disclosed two short positions and successfully closed them for profits; in the afternoon, we continued to follow up with short positions based on the 68,500 area, but were stopped out due to sudden news impact. Subsequently, after the market rallied and consolidated at higher levels, we adjusted our pace in time and provided two consecutive short-term spot positions, precisely capturing the pullback expectations and easily recovered losses. Today, we laid out four positions with three wins and one stop loss, ending the day with solid performance overall: Bitcoin accumulated 2,807 points in gains, Ethereum accumulated 98 points in wins. Throughout the process, we strictly executed risk management, without overholding or resisting reversals, using rhythm adjustments to hedge against uncertainties.

From the current market perspective, influenced by sudden news in the evening, Bitcoin showed a strong reversal and rally. Although this type of news-driven trending movement has relatively strong short-term explosive power, the market becomes emotionally driven with panic and FOMO intertwined, and continuity of the trend is usually weak. Subsequently, after the price rallied to higher levels, the second test of the 71,000-72,000 key resistance zone failed to achieve an effective breakthrough, which also confirmed that upside momentum lacks sustained strength. From the 4-hour level, the Bollinger Bands show a parallel divergence pattern, with price touching the upper band twice and pulling back under pressure. The chart has entered a narrow-range consolidation. Volume continues to decline, insufficient to support a trending uptrend. After news-driven disruptions fade and market sentiment returns to rationality, a technical correction is likely to follow. On the hourly level, the characteristics of insufficient momentum are even more pronounced: the fast and slow stochastic lines oscillate and hover around inflection points, price repeatedly tests the 70,000 level, and shorts gradually accumulate strength; the moving average system forms resistance, and the KDJ indicator has already formed a death cross with clear short-term downside signals. Subsequently, we can continue to place long positions based on key resistance zones above.

Bitcoin: Short 71,000-71,500, target lower 69,000.
Ethereum: Short 2,160-2,190, target lower 2,050. #Gate13周年全球庆典 $BTC