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
#数字资产市场动态 Bitcoin's recent market movement is quite interesting. It has been repeatedly competing around 95,000, with resistance at 93,000, and multiple moving averages supporting from below. The bulls and bears are fighting it out here. Overall, the long-term trend remains intact, but short-term fluctuations are indeed present.
From the market details, the moving average alignment has already formed a bullish pattern, and the upper band of the Bollinger Bands is gradually widening, indicating signs of trend strengthening. Especially at the 95,000 USD level, it has gradually shifted from a previous resistance to a support level, suggesting that the bulls' influence here is increasing. Trading volume has decreased somewhat, but this actually indicates that the selling pressure isn't too fierce—typical of a consolidation after a breakout.
Last night, Bitcoin was sideways around 95,000, with little movement up or down, and market sentiment was cautious. Indeed, there are signs of ETF funds flowing back into institutional investors, but the selling pressure from those trying to cut losses at high levels is also present, and the two forces are still battling.
From a trading perspective, it is still advisable to wait for a pullback to establish long positions and follow the trend accordingly.