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
Bitcoin's performance yesterday and early this morning was indeed impressive. From the bullish outlook the day before yesterday to now, BTC has surged over 4,000 USD from the resistance level of approximately 94,800 USD in the past two months, breaking through smoothly. This kind of price action is usually not just to lure in buyers before dropping, there must be higher targets behind it.
From the perspective of major players, the bottom has already accumulated enough chips, and now they are gradually realizing profits at higher prices. This logic has been repeatedly validated in the market, so the probability of an ongoing bullish trend is quite high. Rapid upward movements often stabilize at opportune moments, and there aren't many chances to fully re-enter—mainly because they want to prevent short-sellers from catching their breath.
So how should we respond operationally? Continuing to hold long positions is the top priority, gradually building positions on dips. Never think about rushing to short when prices rise quickly; under this logic, the profit space for shorting is limited, and it’s easier for the well-rested bulls to push prices higher again. There is indeed plenty of room above, making it worth holding patiently. For blindly shorting, the risk of being caught is much higher than the potential gains.