The price comparison experienced a wave of deep pullback in the morning, directly breaking below the 100,000 mark, with a lowest drop to around 96,000. This aligns closely with our thinking. We shorted at 100,300 in the morning, securing a 3,000-point gain, and entered Ether short at 3,250, taking more than 100 points of space. We have discussed such trends before and have acted accordingly. There's no hindsight wisdom involved, as our approach has consistently been to maintain a bearish outlook and engage in shorting.

On the daily chart, the price has continued to oscillate and decline, forming a downward trend. The price has consistently followed the downward line. Although there have been rebounds in between, this does not prevent the continuation of the price decline, and the current trend is the best proof of that. On the 4-hour chart, the price has broken below the 100,000 mark after three consecutive bearish candles, and then has shown a rebound correction. Currently, it is again showing consecutive bearish candles, breaking below recent lows. From a technical perspective, the price is likely to decline further, with ample space below. Therefore, we will continue to focus on shorting in the future. In the short term, the price tends to rebound and correct after each pullback, so when planning our positions, we should wait for rebound opportunities to appear before planning short orders.

Shorting Bitcoin at 97500 to 98000, looking at 95000. Shorting Ether at 3220 to 3250, looking at 3100.
#Gate10月透明度报告出炉