🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
Weekend! Sudden Change!
1. Today marks the end of the longest government shutdown in U.S. history, lasting 40 days. As a result, Bitcoin has regained its previous sovereignty. The market is experiencing significant fluctuations. If you are using leverage, you need to monitor the market closely, but for spot trading, simply buying and holding is sufficient.
2. This year has been a long stress test for the market and policies. If the market reopens today, liquidity may stabilize again. Bitcoin traded around $101,000 on Tuesday, marking the first time since June that it fell below $100,000. The current trading price is approximately $101,000, indicating that a double bottom pattern has not yet been confirmed. The price needs to sustain volume breakthroughs above $104,000 and regain the resistance level of $110,000.
3. Technical indicators show that Bitcoin has fallen 20% from its October high of $126,000. The Tuesday low of $98,944 is testing the 365-day moving average, which is near $102,000 and has historically been the final support during this bull run. CryptoQuant analysts note that if Bitcoin fails to regain the 365-day moving average, it could accelerate a further correction to the next support level at $95,000. The Fear and Greed Index has plummeted to 21, indicating extreme fear.
4. Over $1 billion in funds have been liquidated, and ETFs have experienced four consecutive days of outflows totaling $1.3 billion, reversing the strongest rally of 2025. A double bottom pattern requires two clear lows with a rally in between before a confirmed breakout, but Bitcoin currently lacks this pattern.