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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
The TradFi Gold Lucky Bag is now live—1g of real gold every 10 minutes. Trade nonstop, win nonstop!
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Market Outlook
Is the market bottoming out?
Bitcoin has reached the 87,000 range, currently experiencing a rebound due to TACO.
Yesterday, I mentioned in the group that I believe the market should rebound after breaking below 89,000 or sweeping 87,400. Currently, the expectation is being met with a rebound after sweeping 87,442.
Although the rebound is influenced by TACO (Trump no longer imposing tariffs), there are also technical correlations.
I believe there is a high probability of a rebound to the 93,000 level.
The key dividing line remains at 94,000 (support-resistance switch).
If successfully breaking through 94, I think the next target zone will still be 98,000-100,000.
If unable to break through 94, then the next downward test target will no longer be 87,400. A more reasonable area to look for long positions would be around 84,000 (looking for a rebound, not a new high rebound position).
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin