It's likely due to the approaching weekend that Friday's overall market conditions were quite dull, with Bitcoin oscillating within a range of less than 2,000 points up and down, while Ethereum's volatility was even less than 60 points. We provided a 70500 short strategy from midnight through morning, captured entry opportunities at noon, called out the current price at the same level in the afternoon, and followed through with strategy execution throughout, with liquidation points, position reductions, and targets publicly announced in real-time. As expected, Bitcoin declined to the target level of 69500 in the evening, with short positions successfully closing at profit, capturing 1367 points/43 points short profit.

From the current chart perspective, Bitcoin remains in an overall correction and consolidation phase, with weak market sentiment, making it difficult to achieve an effective breakout in the short term. On the daily level, intraday gains were completely retraced, forming an inverted hanging man candlestick, indicating strong selling pressure above; the EMA7 moving average is showing significant resistance, with consecutive two-day attempts to break above being pressured back down. The hourly level is mainly characterized by narrow-range consolidation with fragmented candles, and although there was a wave of volume-driven decline in the evening, the follow-through sustainability still needs further observation and confirmation. On the 4-hour level, the Bollinger Bands three lines are moving downward in parallel divergence, and volume during this round of pullback has continued to shrivel, coupled with weekend funds becoming more cautious, making it even more difficult to form a reversal. Therefore, our subsequent outlook remains unchanged with a short strategy.

Bitcoin consolidates around 70200 short, with a breakdown of 69000 continuing to look down to 68000 level; Ethereum consolidates around 2160 short, with a downside target of 2080 level. #Gate13周年全球庆典 $BTC