🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
Ether is currently in a middle band breakout state and may continue to fluctuate between the middle band and lower band, possibly testing the lower band support again. The Ether market initiated a Rebound from noon yesterday, which continued into the afternoon, reaching the resistance area of 4460-4480 before retracing. The evening retracement did not break the support level, and from the current 1-hour structure, a typical long wick candle bottoming pattern has appeared, indicating a short-term Rebound. If it breaks through the resistance area of 4460-4480 again today, a second Rebound will continue. Pay attention to the key resistance at 4520; breaking and holding above will disrupt the short positions trend.
Short-term resistance level of Bitcoin
110000-110500
support
107000-107500