During this morning's update on trading strategy, I've been thinking about whether we should reduce profit-taking margins over the weekend. I did consider this point, especially since there was significant volatility in price comparisons from last night through early this morning. This definitely requires a consolidation period, which is why I wanted to reduce the position holding space. We indeed executed this plan: Bitcoin entered long at 70550 and exited at 71200, locking in 650 points. As I've mentioned frequently in livestreams and previous posts, we treat weekends as short-term trades. When there are wave-trading opportunities, we seize them. This way we won't hold positions for too long and avoid unfavorable situations.

This market pullback seems likely to continue—it has unstoppable momentum. This isn't just saying bearish because of a bearish outlook, but rather from the intraday action, I can clearly see that prices will likely fall further. This means we need to adjust our strategy in time instead of stubbornly insisting on catching the bottom. Just like when our longs got liquidated in the early morning, there's nothing to say about it—we got stopped out, and we can trade back in later. In the afternoon, we'll look for opportunities to short the pullback, then wait for stabilization before considering whether to catch the bottom.

This afternoon, Bitcoin from 70600 to 71000 short, first watching 69500, if it breaks below, then watching 69000. Ethereum from 2077 to 2110 short, targeting around 2000. #Gate广场AI测评官