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
#数字资产市场动态 Yesterday's short positions once again closed in profit, and the trading ideas for BTC and ETH have once again validated the effectiveness of technical analysis. Many followers made between 2000 and 100 points, which is quite good.
Looking at the daily chart for BTC, yesterday's surge and pullback left a small bearish candle, and the bulls are temporarily holding above 9500. From the 4-hour chart, the key short-term support is around 9500; if this level breaks, the price will continue to decline, with the next support at 9380. As for resistance, the 1-hour MA30 and MA60 are showing signs of convergence, roughly around 9600, so in the short term, we should observe the current pullback rhythm.
The situation for ETH is similar; the rebound to the MA256 moving average on the daily chart was pushed back. 3400 remains a short-term key resistance; if the price cannot stabilize above this level, a sustained upward trend will be difficult. The 4-hour support is at 3280, with resistance at 3325.
Midday trading reference (Beijing time 16:10):
BTC: Short from 9600 to 9700, target 9500 and 9400; consider long positions in the 9300 to 9400 range, expecting a rebound of 1000 to 2000 points.
ETH: Short from 3320 to 3380, target 3270 and 3230; long from 3230 to 3200, expecting a rebound of 600 to 1000 points.
Although the analysis may not be accurate every time, the win rate over the years has indeed been quite high. Thank you all for your attention and support.