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
Looking at the recent trend, Bitcoin price is repeatedly confirming around 93,500, and in the short term, it is most likely to continue with sideways oscillation.
My own approach is as follows: I have already reduced the portion I previously added at 94,510. This is mainly to hedge against short-term volatility risks. From the candlestick chart, the range between 93,000 and 94,000 USD is currently the core consolidation zone in the market, and price swings within this range are expected as normal.
What should we focus on next? It’s whether the price can break through 94,000 USD and stabilize above this level—the key is to have effective trading volume supporting it. Once these conditions are met, it will be a good time to add to the position again. This way, we can align with the short-term upward trend while leveraging the previously optimized low average cost to quickly amplify profits.
In simple terms, the secret to short-term trading is patience—wait for the right moment to act, and avoid reckless moves within the oscillating range, which could just raise the cost basis.