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.
Click the registration link to join
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.
![Spring Festival merchandise](https://exampl
Last night, the strategy analysis was just released, and the bullish outlook remains unchanged. First, we expect a continuation of a price decline before entering long positions. BTC stabilized after a minimum retracement to the 117616 line, and the price began to pump upwards, moving in a step-by-step manner with higher highs. It peaked at the 120279 line. Our midnight BTC long positions have also welcomed the opportunity, successfully capturing over 1k points of space. Although the posts provided to everyone have been relatively small recently, the value of each one is still high. The rhythm of the market is well-controlled, and as long as you can participate around Lao Li's ideas, opportunities will come easily.
BTC and ETH have recently shown the same pattern again, with a rebound and rise after hitting the bottom yesterday. After testing the support below again yesterday, the price has been rising and closing higher, with a solid large bullish k candlestick on the daily chart, forming a certain lower shadow, which adds a nice touch to the upward movement, pulling the price up to the interval high point. Currently, it is experiencing a contraction and oscillation correction above. Although it did not stabilize above the 120k mark during the rise yesterday, we continue to be optimistic about holding the 119 level and forming effective support to accumulate momentum for further upward movement. In the 4-hour chart for BTC, the lower shadows have been pulled long, and each upward probe has been accompanied by a certain pullback. The pattern shows a step up and then a retreat, with the structural trend still being dominated by bulls. Currently, the price has already moved away from the bollinger middle band support by a considerable distance. Today, we will observe the upper band around 119000, the gains and losses of yesterday's breakout high point, and the recent high-level consolidation and correction. The market still looks optimistic about the bulls' upward attack.
BTC can be bought in the range of 119500-119000 around noon, with a target near 121000; Ethereum can be bought in the range of 3730-3700, with a target near 3820. # 比特币