New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
At the beginning of the new year, let's review the current technical states of Bitcoin and Ethereum.
**Bitcoin Trend Analysis**
Yesterday, Bitcoin formed a clear high-pressure zone around 89,000-89,400. The significance of this level has been validated. Currently, the market has pulled back to around 87,300 for consolidation, which is a relatively key support area. In the short term, 87,300 serves as the main support below, while the resistance at 89,000-89,400 from yesterday still needs to be watched.
The support system below consists of 87,300-86,750. If you want to participate in a rebound, it's best to enter at these critical points. It is recommended that everyone takes responsibility for their trading decisions—avoid blindly following any voices, and instead learn to gather information, analyze independently, and make decisions based on your own thinking.
**Ethereum Opportunities**
Ethereum's situation is also quite interesting. The three resistance levels given yesterday—3000, 3030, and 3055—performed well. After reaching 3026, it started to adjust. Now, it has returned to near the key level of 2977, where we should observe the situation calmly.
Within the large range from 2900 to 2977, the midline is around 2940. If you want to build a position at lower levels, 2940 is a good entry point; if you prefer to wait for clearer breakdown signals, you can watch the three resistance levels mentioned earlier for opportunities.
**Overall Advice**
Market volatility during holidays is usually not very intense, which gives us both opportunities to participate and time to enjoy life. There's no need to chase highs; focusing on key levels for participation is the main point. Whether it's Bitcoin or Ethereum, learn to position at critical price points rather than blindly chasing rallies. Wishing everyone a smooth trading year ahead.