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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.

Overview & Use Case
Bitcoin remains the backbone of crypto — digital gold, macro hedge, and liquidity anchor for the entire market.
Current Price: ~$70,300
Trend: Short-term bearish, medium-term corrective within a broader bullish structure
🔍 Technical Analysis
Support:
$70,000 (psychological + intraday low)
$69,500 (major liquidity pocket)
Resistance:
$72,200
$74,100 (previous rejection zone)
Indicators
RSI (15m): Oversold → bounce possible
MACD: Bearish crossover, momentum still weak
Moving Averages: Price below short MAs → trend pressure remains
Pattern:
📉 Descending channel (short-term)
🎯 Trading Plan
Entry: $69,800 – $70,200
Targets:
TP1: $71,800
TP2: $73,500
TP3: $75,000
Stop Loss: $68,900
Risk–Reward: ~1:2.5
Outlook
Short-term: Relief bounce likely
Long-term: Bullish above $66K
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$BTC