Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#美国消费者物价指数发布在即 This round of market activity is indeed cleaning up the shorts—the entire month's narrative has been to buy on dips, with little vitality in short positions. The big rebound has already been realized, and all XDM holders should have benefited well. Bitcoin has been long from 89,000, and this wave has definitely been profitable. But be cautious—upward space is running out, and it might be time to consider short positions on the medium term.
What is the engine driving the rally? Positive economic data has pushed the market higher with the wind at its back. But there's a detail—breakthroughs to new highs are narrowing, shrinking from the previous 4,000-5,000 points to around 2,000 points now, clearly indicating that upward momentum is waning. However, the trend itself has not reversed, and there are still opportunities for further highs.
Bitcoin daily chart: consecutive bullish days breaking previous highs, MACD red bars expanding, EMA bullish alignment looks very clean, RSI has already broken 70, indicating a strong pattern.
Switching to the hourly level: around 97,000 is oscillating, MACD bullish momentum is above zero but showing signs of weakening, RSI has surged to 75 approaching overbought territory, with obvious pullback pressure. Support from EMA depends on the performance of the 7-day and 30-day moving averages.
Strategy plan:
Bitcoin:
1. Long entry at 95300-95700, stop loss at 94500, target 98200-99000
2. Short entry at 98900-99500, stop loss at 10000, target 96600-95800
Ethereum:
1. Long at 3280-3300, stop loss at 3240, target 3580-3620
2. Short at 3550-3600, stop loss at 3620, target 3380
The overall approach is to focus on long positions, but be cautious of the risk of a correction on the hourly chart.