#Gate10月透明度报告出炉

After multiple attempts to break through the resistance level of 96500, the price of Bitcoin has begun to weaken in its upward momentum. The evening trend is once again under pressure and retracing, with the overall market trend entering a weak oscillating rhythm. Both bulls and bears are in a state of stalemate, and future focus should be on the breakout situation. If the short-term resistance above cannot be broken, the short-term weak rhythm will not change. On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is under pressure, continuously declining, with the coin price recovering after a significant drop. Although the market hasn't declined again, there is clearly insufficient supply from the bulls. If the price cannot break through the 98000 level, it will reclaim part of the previous decline, and there is a risk of further downside support in the future market, so all coin friends should prepare in advance. The overall trend of Bitcoin remains in a stalemate, as the market has not broken upward as expected, which would have extended the gains further. In the evening, the bullish momentum has begun to weaken, and a retracement signal has been given in the short term, but the support at the previous low has not been broken, so our strategy remains to maintain light positions with high shorts and low longs.