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#特朗普撤销农产品关税 Did you catch that recent low of 2943 USD? The recent market movement has been quite exciting.
The current price has climbed back to around $3150, and overall it seems to be contending with the $3000 barrier. The sharp drop a few days ago was indeed overdone, and the rebound after the overselling has come quickly. Technically, it has now returned to a reasonable range, with signs of continuing to move upward in the short term.
The key point is whether it can break through 3200 USD. This position has obvious resistance, if it stabilizes, 3300-3400 USD is not a dream. Failed to break through? Then prepare for a pullback, we may see 3050-3100 USD again.
Interestingly, there is action happening off the exchange. Retail investors are taking losses while institutions are accumulating—BitMine has directly increased its holdings by 34%, now holding 833,000 Ethereum, and whales are also building positions against the trend. On the ETF side, capital inflow is stable, indicating that institutions have a clear long-term perspective.
Of course, there are also pressure factors. The expectation of the Federal Reserve's interest rate cuts has cooled down, and the fluctuations in Bitcoin have transmitted over, making the market sentiment a bit tense in the short term. However, the technical upgrade in December is something to look forward to, as it will improve transaction speed and reduce Gas fees, which is a real benefit for the ecosystem.
Talk about the operational idea:
Short-term traders can focus on $3200. If it can't break through, try a light short position with a stop loss set at $3250 and a target near $3020. This range of fluctuations is enough for you to capture a few waves.
For a long-term strategy, institutions recognize the price level of $3000, and small positions can be entered in batches. If it falls below $2900, consider stopping losses and exiting.
Just a final reminder, the crypto market is highly volatile, so don't go all in. Pay close attention to the breakout situation at the 3000 dollar support and 3200 dollar resistance levels; market feel is more important than strategy.
Pay attention to these two recently: XAN, SKYAI
I didn't catch that position at 2943, and now watching it rise back makes me a bit regretful, but I'm also glad I didn't enter a position too early.
Whether it breaks $3200 is really crucial; if it gets stuck there, I'm prepared to try a light position short.
The upgrade in December is indeed worth looking forward to, but with the Fed acting like this now, it’s still a bit uncertain in the short term.
I believe in institutional buying, but I believe even more in retail investors cutting losses, haha.
If it can't break 3200, it's going to fall back again.
The upgrade in December is indeed something to look forward to; otherwise, this trend is a bit annoying.
Institutions are scooping up, while retail investors are cutting losses; this contrast is really exciting.
If it doesn't break 3200, we really need to be careful. I feel like it still needs to pull back.
Whether the 3200 barrier is broken or not will determine the future, but from the Computing Power network growth curve, the favourable news regarding the technology iteration cycle is still a long-term support.
Retail investors often find low buy opportunities when they cut losses; my approach is still to enter in small batches, with stop loss planning being more practical than predicting market trends.
The Computing Power yield ratio is currently in a good position; just avoid chasing the price.
Institutions are hoarding while retail investors are running, this gap is becoming more and more apparent, let's just watch the show
If 3200 can't break through, be prepared for a pullback, technically there's nothing particularly optimistic
Wait a minute, what's the connection between Trump lifting agricultural tariffs and ETH's performance? The macro situation is so complicated
All in are warriors, I'm a cowardly player, it's safer to layout in batches
Institutions are scooping up while retail investors are cutting losses, this show is a bit getting carried away... BitMine is doing this wave at 34%, it really is betting on the story of the December upgrade.