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
After experiencing a significant correction of nearly 3000 points, Bitcoin has now entered a critical period of consolidation. Both bulls and bears are temporarily locked in a tug-of-war, but from the details of the market, the story is still ongoing.
The most important level to watch is the 90500 support line. Every time the price retraces to this level, the bulls quickly step in to counterattack, driving a rebound and recovery. This is not a coincidence once or twice, but a repeatedly validated solid support. Although the current pattern remains volatile, the key point is—each decline has not been effectively broken through, and instead, each pullback has expanded the rebound space. What does this indicate? The bulls are still here, just waiting for an opportunity.
Based on the previous oscillating upward trend, there is indeed inherent momentum for a short-term rebound in the market. Therefore, the trading strategy can be arranged as follows: focus on long positions during the initial phase, capturing the rebound rhythm; once the rebound momentum gradually diminishes and hits a key resistance level, then strategically set up short positions. This approach allows you to seize rebound opportunities at support levels and avoid being caught in a trap during consolidation, achieving more stable swing gains.
Specifically, for numbers: Bitcoin can be bought in the 91700-91500 range with targets around 93000; Ethereum can be bought in the 3120-3100 range with targets near 3200. During volatile times, profits are made by following this "buy the rebound first, then buy the pullback" rhythm.