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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
February Bitcoin Market Outlook
The price has been continuously declining from the previous high, currently breaking below the middle band of the Bollinger Bands and approaching the lower band, indicating a clear medium-term downtrend.
The current 4-hour chart shows a distinct medium-term downtrend. When the price rebounds and touches the middle Bollinger Band, it leaves a clear upper shadow indicating resistance, followed by continued weakening. This phenomenon clearly indicates that the market is still dominated by bears, and the short-term slight rebound is merely a technical correction within the downtrend, not a trend reversal signal.
Bitcoin Trading Suggestions: Consider buying around 71,800-72,500, with a target of 70,500-68,500. If the support is broken, continue to look lower.