David’s Trading Notes#Gate发布9月透明度报告
October 20, 2026
I. Ethereum $ETH
Intraday today: favor shorting at highs, with buying lows as a secondary strategy
Macro fundamentals carry little weight this week; technicals take priority. The market is moving sideways, with opportunities to trade both long and short intraday
1. In the purple zone of 2420-2432, stay bearish unless there is a high-volume breakout on the 1-hour chart. Within the zone, go short when a bearish engulfing pattern forms on the 5-minute chart
2. Look to go long at 2360 below; wait for a bullish candle before entering
3. A high

The high-level short setup once again played out as expected from yesterday through today! The short entered precisely at BTC’s 83100 resistance extended the pullback, dipping smoothly to around 81100 early this morning and hitting the target squarely with nearly 2000 points of retracement! #质押LaunchPool瓜分280万$DNA $BTC ‌

A light day for forced closures still cost Ether short sellers $32.7M. That was Oct 19, when the $134.8M total across our streams came in far under the past week's $352.4M daily average. $BTC

$NEAR NEARUSDT: Lower Highs Keep Wave Downside
NEAR remains under a clear descending trendline, with every meaningful recovery forming another lower high. Price is now around 4.79, below both short-term EMAs near 4.90–4.95, so sellers still control the short-term structure.
The Setup
The main resistance sits around 4.88–5.00, where the EMA cluster, previous structure and descending trendline come together.
If NEAR rebounds into this area but fails to reclaim it, I would treat the move as another corrective bounce inside the downtrend. A rejection could first expose 4.55–4.60, followed by the l

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$ETH
While breakout skeptics chase late shorts into macro support, this 1-day chart on $ETH is testing a crucial structural demand zone following a sharp multi-week pullback.
After failing to sustain upside momentum near the $2,753.63 resistance, price retraced through intermediate levels, currently trading around $2,420.58 right on the support shelf.
The price action is stabilizing near the $2,317.39 baseline demand block, attempting to build a structural base for a relief bounce toward immediate resistance at $2,654.48 .
Holding above the $2,317.39 support level keeps the bullish macro st

October 20 Gate Stock Arbitrage Ranking
UNITREE_USDT | 16.04%
AXTI_USDT | 10.66%
PLTR_USDT | 6.44%
WDC_USDT | 5.81%
AMZN_USDT | 5.60%
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10/20 Gold Trade #3: Booked 12.92 points, 6460 oil
New partner started with 33,000 oil and is now up to 64,500 oil!

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🔥US budget deficit in FY2026 hits $1.99T, the 3rd highest in history
- FY2026 deficit reached $1,992B, up 12% from $1,775B in FY2025
- Highest in 5 years and 3rd highest in history, behind only FY2020 and FY2021
- 25th consecutive fiscal year with a deficit
- Deficit equivalent to approximately 6.2% of GDP, up from 5.8% the previous year
🔴Record spending of $7.40T, up 6%, causing revenue to fall behind:
- Social Security: approximately $1.7T, up from approximately $1.6T
- Medicare: nearly $1.1T, up from below $1T
- Net interest: over $1T, up from $970B
- Defense: approximately $965B, up 5%
-

Every pullback sets us up to jump higher💹💹
Today’s price action is pushing toward a new high (0.00998)💰
From building momentum early on,
to advancing step by step now,
the candlestick chart has traced the most beautiful curve of consensus.
Holding on alone takes conviction;
when we hold together, we have strength.
The real show is just getting started💎🙌

AGT takes a nosedive! Whales pull the ladder overnight, while retail keeps catching the falling knife?
The surge was driven entirely by hype, while a cascade of profit-taking is the real reason for the pullback. AGT's doubling in just a few hours was purely the result of leveraged capital and retail FOMO pushing it up, with no solid support. On top of that, long and short positions at the highs were extremely crowded, and early buyers who entered at 0.04-0.05 were sitting on over 60% unrealized gains. When the rally lost steam, profit-taking flooded in and crushed the market.
What to do now: k

GM
gambling on 15m $BTC

A whale has raked in 17 million and is stubbornly holding on! Is HYPE's big player about to “slaughter pigs”? Don't be the bagholder!
As the old saying goes: “Watch the show without getting carried away; follow the crowd and you'll get burned!”
HYPE looks lively right now, with a whale who's made over 17 million refusing to sell their long position, and another 11 million in buy orders below supporting the price. But take a close look at the capital flows: a whopping 840 million has already left! Big money is quietly cashing out. The big players just liquidated a wave of longs. Put simply, the

Bought some DCA, waiting for the pump!
This project has a genuine community that has been building, and with 30 offline promotion teams operating simultaneously at the end of the month, it’s only a matter of time before it pumps.
This is a Meme created through offline promotion and a joint CTO. After the project was taken over, all the tokens were sent into the black hole, and each community jointly donated 300 million tokens as the sole fund for building and expanding the project.
This is a purely offline-promotion project launched on Butterfly 🦋. There may not be many people building it onl

Another profitable day, ethereum:0xc477b6dfd26ec2460b3b92de18837fd476ea7549
While shorting BTC last week, I also led the guys in the group to simultaneously position in altcoins. The logic is actually simple: BTC is trending downward, but after altcoins have fallen for a long time and deeply enough, there will always be funds betting on an oversold rebound. The key is choosing the right targets and getting the timing right. JCT performed the best today and was also the one that made the guys the most money today.
Why do some people make money while others lose money despite following the same