Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Be cautious of a pullback after a rally; long positions on dips remain the main theme. The market may shake out traders, but the trend never lies. Hold onto key levels and patiently wait for opportunities. After a wave of decline in the early morning, the price quickly rebounded from around 91,200. This indicates it was to clear out weak hands and high leverage positions.
From the four-hour chart, after a slight pullback below the middle Bollinger Band, the price quickly rebounded and broke through the middle band again, indicating strong support at the middle Bollinger Band. The rebound trend remains the current market dominant direction. The hourly chart further confirms this momentum: the candlestick strongly V-shaped rebounded from the lower Bollinger Band, showing firm buying strength at low levels. Every dip becomes an opportunity for funds to enter and position.
On Wednesday morning, short-term focus for Bitcoin is on the 93,000-92,500 buy zone, with a target of 95,000. For Ethereum, focus on the 3,250-3,200 buy zone, with a target above 3,350.