#数字资产市场动态 The recent market trend is indeed quite interesting. Over the past seven days, the increase has reached 4.41%, with the price rebounding from the lows of $1.75 and $1.85, showing signs of a bullish short-term trend. The bulls are still strong, and pushing up to the $2.00 mark is within reach. If a breakout occurs, there’s also a chance to test the weekly supply zone at $2.50.



However, on a macro level, Bitcoin is still stuck around $90,000, which significantly limits the overall upside potential for altcoins. The long-term bear market sentiment has not yet dissipated, so don’t be fooled by short-term rebounds.

In terms of trading, short-term traders can consider reducing their positions in the $2.00 to $2.10 range, and it’s important to take profits when the market looks good. Conversely, if the price falls below $1.82, the bullish logic will be broken, and a reassessment will be necessary. Overall, such rebounds are suitable for swing trading, but if you are a long-term holder, you should remain cautious and keep an eye on support and resistance levels.
BTC-0.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ApeShotFirstvip
· 7h ago
Oh no, here we go again. Can the 2-dollar threshold really be broken? I'm still a bit nervous... --- Take profits when it's good? Bro, you're taking it too lightly. I've already cut my losses long ago, haha. --- Bitcoin getting stuck at 90,000 is really annoying. Altcoins are naturally doomed to be bloodsuckers. --- Breaking below 1.82 is completely game over. I need to watch this level closely. --- A paradise for swing traders, a hell for long-term holders. Choosing the wrong side means game over. --- Is the growth ceiling a false promise? I think it's just a cover-up. Without macro support, there's really no hope. --- Short-term rebounds are the easiest to deceive. Someone always falls for it each time. --- The suggestion to reduce positions from 2 to 2.1 sounds good, but I just can't bring myself to do it. --- The bear market atmosphere hasn't dissipated yet, and now they're thinking of hitting 2.5. Isn't that idea a bit too optimistic?
View OriginalReply0
JustAnotherWalletvip
· 7h ago
Rebounds are just traps for others. If Bitcoin isn't strong, any rebound in altcoins is pointless.
View OriginalReply0
MoonBoi42vip
· 7h ago
Bitcoin is still stuck at 90,000 and can't move. This rebound is really just a flash in the pan. Don't be fooled, everyone.
View OriginalReply0
StrawberryIcevip
· 7h ago
It's another case of taking profits too early. You really need to act quickly; it should have slipped out at 2.0-2.1.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)