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
#美国消费者物价指数发布在即 Late Night Market Review and Trading Ideas
The bearish strategy I pointed out yesterday morning still holds—short Bitcoin around 92600 and Ethereum around 3180. By evening, there were indeed profits, with Bitcoin dropping to about 91700. Those who followed should have caught nearly 900 points of decline, and some also closed part of their positions as planned. But the market rebounded again at night, with Bitcoin reaching a high of 93665. Currently, short positions are showing losses on the books, but don’t worry, this is normal.
The resistance levels haven't changed, and the main idea remains—the market can fall, so reduce positions when it drops, and add to shorts gradually during rebounds. Never chase highs or sell lows. Recently, the market has been oscillating repeatedly, clearly absorbing funds and shaking out traders. Blindly following the trend can easily get you caught in the middle.
Looking at the 4-hour chart, Bitcoin has formed a rounded bottom pattern. Holding onto short positions around 92600 is still fine. Focus on two key areas above: 93700 and the previous high near 94700. If the price rebounds to these levels, add to short positions gradually. Ethereum’s short at 3180 can also be maintained, watch the resistance zones at 3250 and 3300.
For those who haven't entered the market yet, you can set up positions gradually: short Bitcoin at 93700 and 94700 in stages, with a stop-loss above 95000 (to prevent a false breakout above the previous high). Profit targets can be set at 92500, 91500, and 90500 in sequence. For Ethereum, look for opportunities to short at 3250 and 3300, with targets around 3130, 3080, and 3030.
The market is still digesting, patience is more valuable than just technical skills. Stick to your plan; that’s the key. Avoid overtrading and emotional trading. Keep a steady mindset and follow the market step by step. $BTC $ETH $SOL