Tap to Trade in Gate Square, Win up to 50 GT & Merch!
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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https://www.gate.com/questionnaire/7401
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.
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The overall market signals right now indicate a lack of funds. There is rotation in supporting the market; yesterday, Ethereum was strong, reaching around 2390, but today Bitcoin has already dropped over 100 points, and Ethereum is still hovering around 78,000. Currently, the market is in a wide-range consolidation phase. After the consolidation, it is still likely to decline around the New Year, so conservative traders can consider shorting on rallies. The best short position for Bitcoin is around 80,600, which is the previous support and resistance flip point. The best high-altitude position for Ethereum is between 2480 and 2520, which is also a major structural resistance level.
There are still opportunities for low-buy entries. Recently, if Bitcoin drops to around 76,000, it can still be considered for long positions. For Ethereum, around 2200 is a good level to go long. However, be mindful of the timing—after February 10th, avoid participating in low-buy positions. #BTC何时反弹? #Strategy比特币持仓转为亏损 #白宫加密会议