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
The bearish tone for Bitcoin has been set, and a rebound is unlikely to change the downward trend
This week's market continued the decline from last week, with prices experiencing technical rebounds after oscillating downward, but overall still remaining in a low-range consolidation zone. From a weekly chart perspective, the previous resistance and subsequent pullback are still in the digestion phase, with trading volume gradually contracting. The current rebound is more of a corrective fluctuation rather than a trend reversal.
Looking ahead to the next week, the overall tone remains weak, and the downward structure has not been broken. Short-term rebounds are unlikely to reverse the main trend, and blindly bottom-fishing carries high risks. A more reasonable approach is to follow the trend, look for opportunities during rebounds, and steadily capitalize on the space created by oscillating declines.
Reference ideas:
- Pay attention to performance around 90,000;
- 91,000 as an additional observation zone, with a defense focus on 91,800;
- The lower target is around 87,200; if effectively broken downward, watch for further decline to the 84,400 area.
Follow the trend, and the rhythm will naturally provide the answer. #RIVER一个月暴涨50倍 #特朗普取消对欧关税威胁 #黄金白银再创新高 #Gate每10分钟送1克黄金 #ETH走势分析 $BTC $BTC $ETH