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
The U.S. Lincoln aircraft carrier has arrived in the Middle East, and the next step may be military threats or airstrikes against Iran. Israel is preparing.
Adding to this, the U.S. government faces a risk of a shutdown on 1.31. During the last shutdown on 10.1, Bitcoin surged to 126K. Will this shutdown trigger another rapid rise past 980? I think the possibility is low; the probability of a decline is higher.
Japan's cabinet has dissolved, and Wall Street is starting to sell U.S. bonds and buy Japanese yen, causing the Nikkei index to rebound today. Overall, Japan's economy is constrained by China and won't perform very well.
Overall, the outlook remains bearish.
Bitcoin faces three resistance levels at 885, 890, and 900. U.S. stocks opened higher but couldn't sustain the gains; the 860 level below may be broken, and 840-830 and 806 could also be breached.
Additionally, continuous ETF outflows have reduced market liquidity. Gold breaking 5000, silver reaching new highs, and other factors are attracting capital outflows from the crypto space. Overall, the outlook is not optimistic.
Tonight, I closed the $WCT short position opened last night. I don't know if Fannie in the live room has closed her position, but at least she made a profit.
I also reduced my Bitcoin short position, waiting for a rally to add more shorts afterward.
LTC and SD positions are also in profit.