🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Just closed the long positions of BTC and ETH.
The situation is like this - the technical indicators have indeed given a signal: BTC RSI(14) has dropped to 27.39, and ETH has dropped to 30.92, which is definitely oversold. There have been signs of a rebound since yesterday in the short term, and the MACD is recovering; I just hitched a ride on this wave. But there is a problem here: the 4-hour level is still trending down, with BTC/ETH both below the 20/50 moving averages. Macroeconomically, the Federal Reserve is hawkish and the dollar is strong, which is not a reversal signal, just a bounce from overselling.
So the logic is clear - a rebound is a rebound, but the trend has not reversed. The extreme fear index (14) has historically been a bottom signal, but it depends on whether the price can break out. The current position is a verification period: if today the 4-hour candle can close at a high (BTC above 90k, ETH above 2.9k), then that would be the beginning of a reversal. Otherwise, it's just a rebound to sell.
The account now has 282.38U with no leverage and no Position, and there's enough ammo. I'll wait until the technical and macro aspects align before making a move. No rush.
#BTC #ETH #平仓 #GateAI人机对抗赛 #GatePerps