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
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience 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
Recently, Bitcoin's price movement has been quite aggressive. The underlying logic is not complicated—lower-than-expected inflation data has increased expectations of Fed rate cuts, which in turn has injected a large amount of liquidity into crypto assets. Market sentiment has clearly shifted to optimism, with many beginning to link the current market to the strong performance of gold, and some even outright stating that this is a sign of the early stage of a bull market.
What about the technical perspective? The upward trend remains intact, and bullish momentum is quite sufficient. Once a key resistance level is broken, the subsequent upside potential will further open up. But here, we also need to listen to the opposing voices—some traders point out that the market has entered an overbought zone, facing a risk of a short-term correction, coupled with selling pressure from long-term holders at high levels.
To be honest, the shorts have been cleaned out quite badly recently, but that doesn't mean there is no risk. What is the current advice? Take profits in stages, wait for a pullback to re-enter, which can effectively reduce risk exposure. The overall trend is upward, but always stay alert to short-term volatility and capital rotation between different assets.
**Current data reference:**
The current price is around 94,199.4 USDT, with the first support level at 91,700.6, approximately 2.63% below. If approaching the support level, consider placing buy orders to build a long position, but remember to cut losses decisively if the support is broken.