Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Bitcoin Faces Increased Downside Risk as 50-Week Moving Average Breaks
Market analysis suggests that Bitcoin (BTC), currently trading at $87.24K, may be approaching a potentially dangerous technical zone. Multiple market observations indicate that the 50-week moving average acts as a critical resistance point, and breaking below this level could signal a shift to a downtrend.
**Learning Market Patterns from History**
Interestingly, similar technical patterns have formed during several periods, including 2011, 2014, 2018, and 2020. Analysis of price movements during these times shows a tendency for the market to undergo significant corrections following such signals.
**Potential Correction Range and Bottom Price Predictions**
If these past patterns repeat, Bitcoin's current price could face approximately 60% downward pressure. As a result, around the $40,000 level is expected to serve as a support point.
Currently, BTC is at this critical turning point. The future market trend could change significantly depending on the movement of the 50-week moving average, making close monitoring essential.