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
As of early this morning, the Bitcoin price is hovering around the 104380 level. From the current price movement, the short-term trend is leaning downwards, and the market is in a range consolidation phase. The price is currently under effective pressure from the middle band of the Bollinger Bands. Although the support level below is temporarily holding, this support is still facing continuous testing.
From a technical point of view, the MACD indicator shows that the bullish forces are accumulating, but a clear trend reversal signal has not yet been formed, and there are still many uncertainties in the market. In this case, investors are advised to maintain a wait-and-see attitude, and unless the price can effectively break through the upper or lower bands of the Bollinger Bands, it is not advisable to blindly follow the trend to chase the rise or kill the fall.
In terms of investment strategy, one may consider entering the market only after a clear resistance appears at the support level, but it is essential to set strict stop-loss points to control risk.
Bitcoin price range prediction: 103700-104200, pay attention to changes around 105200.
Ethereum price range prediction: 2500-2470, pay attention to changes around 2550.