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
IPO Access
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
Song Xiqing: The daily resistance remains unresolved, and the bulls are powerless to turn the tide; every rebound is a trap, and the bears continue to dominate.
Brothers, let's continue the discussion on Friday.
The rebound in the early morning reached 63.9k, looks lively, right?
The daily chart's bulls haven't shifted the trend, and the entire cycle's moving averages are pressing down. Early attempts from 62.3k pushed up again, reaching 63.8k but then volume dried up—two failed attempts to break through—typical trap setups, don’t get caught up. Now it's just a bottoming process after a big drop, don't chase the bottom.
Operational reference:
Rebound near 65k-64k for the bulls. First target is 61.5k, then 60k.
In the 1750-1700 range for the bears, targets look toward 1660-1620-1600, and a breakout could aim for 1500.
Reminder:
The above analysis is Song Xiqing's personal view. The market is ever-changing, and this content is for reference only. No investment advice is provided!
$BTC $ETH $HYPE