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
Midday market review.
Both Bitcoin and Ethereum's four-hour K-lines are signaling a pullback, so this resistance level should be watched carefully. As for Polkadot, although there are no signs of divergence on the 30-minute chart, it's not a good time to chase the rally—even if it falls into the theoretical support zone, I wouldn't recommend bottom fishing at this moment. Two reasons: first, if the overall market trends downward, Polkadot will find it hard to stay unaffected; second, the four-hour chart for Polkadot has already formed a strong top pattern, making a downward move quite likely.
The entire market is still oscillating back and forth, with bulls and bears pulling in different directions, and the trend remains unclear. The best strategy right now is to wait. Don't rush to build positions; let the structure become clearer before following up.
Markets are unpredictable, but the sense of rhythm must not be lost. Before confirming a bottom signal, it’s wise to stay on the sidelines.