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
In the previous market analysis, it was mentioned that the price point of 97,900 is basically the peak of that rally. The subsequent trend naturally returned to the correction zone, and 95,700 indeed fell.
From the candlestick pattern, the current trend is somewhat similar to the small oscillation during yesterday's daytime. On the 30-minute chart, it has entered a phase of consolidation and accumulation.
Where are the main positions currently trapped? Mainly at 94,500 and 92,500. These former resistance levels have now turned into support.
From an operational perspective, the 1-hour chart shows a weak trend, which is a clear signal. However, combined with the oscillation and accumulation pattern on the 30-minute chart, it actually gives us an opportunity — to wait for the 30-minute indicator to release space, while observing whether the 1-hour chart follows with a bearish signal. Once both cycles show downward signals, the critical support at 95,700 may be broken.