This evening's waterfall movement came as expected, but actually experiencing it brought some valuable lessons. As early as noon on the 17th, when BTC surged to the 76,000 level, I had indicated: 76,000 has reached the expected high point of this round's uptrend structure, with time structure and volume harboring hidden risks. When the price pullback exceeded normal correction范围, I further pointed out that the market likely entered a consolidation node, recommending subsequent operations focus on short-term trading with strict risk management, waiting for trend clarity before following the direction. Including in subsequent strategy sharing, I reminded multiple times: consolidation window approaching, avoid blindly chasing highs and selling lows, set strict stops, and follow the trend only after it becomes clear. But even with thorough preparation, when the evening move initiated, we were still swept by one position. Subsequently, I led the team to follow up with the plan accordingly, smoothly reversing the loss. However, since the strategy wasn't simultaneously disclosed publicly, it only served as internal operational sharing and is not counted toward the public track record.

From the current chart perspective, this evening's minor waterfall has confirmed the previous consolidation outlook judgment, with the earlier gains partially retraced. The four-hour candles have continuously closed lower, breaking through the midline support level, with price currently attempting to probe the bottom and stabilize, but overall volume follow-through is insufficient to form effective recovery. More likely is oscillation consolidation, accumulating momentum for a second probe downward. From the hourly perspective, weakness signals are even more prominent, with BTC recording five consecutive large-volume red candles downward, slight yang recovery before turning weak again, altcoins clinging to the lower band continuing to test downward, market sentiment gradually turning to short dominance. On the daily level, moving average turning down, previous support has converted to reverse resistance, with further downside room below. Short-term focus on the effectiveness of the 70,000 support level, follow trend and go short accordingly.

BTC: Short around 71,600～72,000, target 70,000 below.
ETH: Short around 2,200, target 2,120 below. #Gate13周年全球庆典 $BTC