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
The recent heat in the Bitcoin market continues to rise, with liquidity significantly increasing, which usually indicates that upward momentum is accumulating. From a technical perspective, the rebound trend remains solid, but caution is needed for potential bearish traps—these traps often appear near key support levels, attempting to trigger stop-losses. The current bullish dominance is quite evident, and market participants should remain patient, waiting for the right entry point. Blindly shorting can easily lead to pitfalls.
Market sentiment is mixed; on one hand, FOMO-driven buying is pushing prices up, while on the other hand, cautiousness is reminding traders of the risks. In this environment, disciplined trading becomes especially crucial.
From a data perspective, Bitcoin's current price is around 89,853.5 USDT. The support system is relatively complete, with the nearest support at 88,134.9 USDT. Looking more broadly, the range from 87,189.2 to 88,401.2 USDT forms a support zone, which is the area to consider for positioning. On the resistance side, 90,945.1 USDT constitutes a key pressure point that requires close attention; additionally, the range from 88,065.0 to 89,900.0 USDT is also a resistance zone to watch.
In practical trading, consider placing buy orders near support levels, but be sure to execute stop-losses if the support is broken—this is the fundamental risk management principle.