Today's price action has been quite intense for many traders. Basically, the price remained relatively stable throughout the day, but surged sharply in the evening, followed by a thousand-point rapid pullback, creating volatility. This has left many traders confused about what to do. But honestly, it's not that difficult—when you realize you're wrong, just adjust accordingly. Today I've been shorting the entire day and captured considerable profits. The evening rally wiped out one of our shorts, but as I mentioned earlier, this is just a minor pullback. After all, over the course of the day we captured nearly 4,000 points on Bitcoin (Ethereum around 150 points), so this loss is completely acceptable.

From a technical structure perspective, the overall price action is currently in a large-scale consolidation phase. The bulls failed to form a sustained move. After the price rallied, it's been sawing back and forth at high levels, pulling back to correct the chart, creating repeated oscillations. Although the price has given back some gains in the short term, the drawdown won't be very large. The only thing to pay attention to is the entry timing. Although bulls currently appear to dominate the market, we still need to see a pullback and chart correction. So our strategy needs to adjust—we'll wait for the price to pull back to lower levels and stabilize before entering long positions.

Midnight: Long on Bitcoin from 70,500 to 70,200, watch 72,500. Ethereum at 2,130 to 2,100, go long, watch 2,220. #Gate13周年全球庆典 #Gate储备金报告