Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
This wave of Bitcoin has reached a relatively high level, but encountered significant selling pressure at the top area—after a clear bearish candle appeared, the price started to fall back, and many people chose to exit at the high point.
Looking at the hourly chart, from over 93,000, it has been oscillating downward all the way, now consolidating around the halfway point, which is a correction after the rebound, and the direction is still not clear.
The most critical thing right now is to observe how the price behaves near the 91,000 support level. As long as this support can hold, there is still a chance to continue pushing upward. If it breaks below, there may be a deeper correction in the short term.
**This week's trading reference:**
**BTC Strategy**
- Long in the 91,500-92,300 range, stop loss below 90,700, target 93,500-94,500; if it breaks 95,100, look further towards 97,400
- Consider shorting in the 95,100-94,300 range, stop loss above 95,700, target retracement to 93,100-92,300
**ETH Strategy**
- Long in the 3,185-3,225 range, stop loss below 3,145, target 3,335-3,375
- Short in the 3,405-3,365 range, stop loss above 3,445, target retracement to 3,305-3,245
Trading involves risks; specific operations should be combined with your own risk tolerance.