Chen Guilin's trading notes, the essence is all in the charts: October 25, 2026 1. I feel Iran is getting increasingly anxious. I don't know if it's because of the US election and the APEC date approaching, but it gives me the feeling that they're getting more and more anxious, and Xiaoze seems to be doing the same. 2. Bitcoin's short position is too weak, really too weak. They only managed to push it down a little over the weekend due to low liquidity, and it was still a sharp drop. (Having money---not on board---not many chips---can't push it down---only a small price difference to sell---contract entry?) 3. Bitcoin and Ethereum didn't reach their desired extreme price levels, but the patterns did; and the EB exchange rate has reached its desired price levels, patterns, and indicators. Conclusion: We are now in the mid-to-late stage of this correction, very close to its end.