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
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
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.
Today’s market throughout the day was suppressed by the strong dollar brought about by the Federal Reserve’s hawkish decision. After a rebound and surge in the afternoon, the market entered a continuous downward trend. As of now, Bitcoin’s current price is 63,345, with a low of 63,156. The bearish momentum has been fully released, and the short-term weak pattern has been thoroughly established.
From the 15-minute technical structure analysis, the Bollinger Bands have fully opened downward. The price directly broke through the lower Bollinger Band at 63,456 during the evening. The current price is trading below the Bollinger Channel, with no nearby support levels. Above, there are two dense resistance zones: the first is the transformed support at the lower Bollinger Band, 63,450-63,600; the second is the middle Bollinger Band at 63,960. Further up, the upper Bollinger Band at 64,465 is a multiple trading congestion zone within the day. Each small rebound in price encounters heavy selling pressure in these two zones.
Indicators confirm the dominance of the bears: the KDJ three-line indicator has all fallen into oversold territory, but there has been no sign of a reversal or golden cross indicating a bottom, only a slowdown in the decline, which does not mean bullish forces are returning. The OBV volume curve continues to operate below the average line; during the entire downtrend, volume has increased during declines and decreased slightly during minor corrections. No new buying interest has entered the market, so all current rebounds can only be seen as technical buffers after oversold conditions, with no momentum to reverse the overall downtrend.
During this decline, each downward move was accompanied by increased volume, while during rebounds and corrections, trading volume rapidly shrank, indicating extremely weak bullish support. Only with sustained inflows of capital and volume breaking through key resistance levels can a reversal be considered. The current market does not meet this condition, and the downtrend has not yet run its course.
Bitcoin target near 62,000 from around 63,500-63,600.
Ethereum target near 1,650 from around 1,750-1,760.