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
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Wednesday, April 29th Morning Thoughts: Weak Rebound, Bearish Theme
After yesterday’s drop, after early-morning digestion, Bitcoin finally rebounded back to around 765, but it was under pressure again. The rebound strength on a smaller timeframe is limited. After a decline, taking some corrective steps is normal. Going forward, we will continue to track the bears’ next downward moves.
On the four-hour chart, Bitcoin falls in a cliff-like manner. The price drops from the upper band all the way through the lower band. Currently, it stays along the edge of the lower band while continuing the bears’ downward movement. On the hourly chart, the Bollinger Bands keep moving downward in a channel. The short-term rebound is suppressed by the middle band, followed by a bearish candle pulling back to retest. Overall, the bulls have a weak rebound, and any rebound ahead is for the bears.
Morning reference: short in batches in the 765-770 area, with targets at 750-740.