#Gate10月透明度报告出炉

Bitcoin was overall in a small structural consolidation pattern during the day yesterday. After hitting a low of $94,700 in the morning, it began to rebound, with bulls showing a decent willingness to push higher. The price oscillated upwards, reaching a high of around $96,500 by the evening. However, the selling pressure from above was unexpectedly strong, causing the price to quickly come under pressure after hitting the high and subsequently entering a sustained downtrend. In the early hours, Bitcoin's decline further widened, dropping to a low of $93,700. Although there was a slight rebound after that, it faced another bout of selling pressure around the $95,500 mark, causing the rebound momentum to halt abruptly. In the morning session today, influenced by market sentiment after the opening of the US market, the price came under pressure again, successfully breaking below the recent low point of $92,900, marking a new phase low. However, buying interest at lower levels then stepped in, pushing the price back up, and the rebound trend is still ongoing. For today's intraday trend, the recovery pattern at higher levels becomes the core observation point. If the morning session can strongly reclaim the lost ground in the $95,200-$95,500 range, returning to the previous consolidation range and stabilizing, or even breaking through the previous consolidation resistance level, the market is likely to reverse the short-term weak pattern and form an effective bullish rebound. Conversely, if the rebound lacks strength and fails to break through key resistance levels, the price is likely to continue to probe lower to explore even lower support levels. $BTC $GT