Futures
Access hundreds of perpetual contracts
CFD
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 40+ AI models, with 0% extra fees
May 12, Tuesday, latest thoughts on Bitcoin in the morning, rebound without continuation, continue short at high levels
After a round of overnight rebound was capped at 821, Bitcoin continued to fluctuate narrowly at high levels, currently hovering around 818, which is also the position we suggested to short in the early morning, and we are currently holding.
On the four-hour chart, after a short-term breakout above the upper band, Bitcoin has been moving between the middle and upper bands, with a smaller timeframe showing a somewhat strong trend but lacking continuation. Currently, after a series of bullish candles with increased volume and long upper shadows, there is clear resistance in the short term. As the pressure test high points move lower, focus on the pullback situation during the day.
In the morning, Bitcoin is referenced around 819, 824 for phased short positions, targeting the 805-795 area. If the target is reached without continuation, consider going long again.