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- 🎄 Gate Square · Christmas Warmth Creation Event
❄️ Winter is cold, but Gate Square is here to warm you up!
Post continuously on Gate Square for a chance to win heartwarming Christmas gift boxes + over 1000 USDT position voucher!
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3. Participants must post for a - 🚀 Gate Square Event: #GateNewbieVillageEpisode7
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💬 The secret of top traders: one word — Patience.
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1️⃣ Which features do you use the most? What is your experience?
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Monday Midnight Thoughts
The crypto market contracts are like storms, with heartbeat racing wildly with every rise and fall, every moment thrilling the soul! On Monday, the Bitcoin intra-day trend saw a strong upward surge in the morning, reaching a high of 106608. Afterwards, it oscillated within a small range until the evening, when the trend entered a correction phase, dropping from the high of 10632 to the low of 104613 before stopping. Ethereum's intra-day trend was similar: after a strong rally in the morning, it reached a high of 3658, then entered a sideways downward trend, with the lowest point at 3506 in the evening. Brother Sheng's intra-day positions on Bitcoin long and short, as well as Ethereum long and short, were all successfully executed as planned. Early in the morning, Bitcoin and Ethereum long positions were entered around 104575 and 3573, respectively, and closed around 106379 and 3643, respectively. Bitcoin longs gained 1800 points, and Ethereum longs gained 70 points. In the evening, Bitcoin and Ethereum short positions were entered around 106278 and 3614, respectively, and closed around 105064 and 3532, respectively. Bitcoin shorts gained 1200 points, and Ethereum shorts gained 82 points. The total intra-day gains were 3000 points for Bitcoin (long and short combined) and 152 points for Ethereum (long and short combined).
Based on the current market situation, the four-hour chart shows that after two consecutive declines, the market stopped falling and rebounded. The Bollinger Bands remain open upwards, with the middle line continuing to extend upward. Overall, there has been no significant change in the trend, and market sentiment remains relatively strong. On the one-hour chart, after a period of oscillation and consolidation, a large bearish decline occurred, but now a double bullish rebound has formed. Considering the overall trend, this short-term pullback has not changed the overall upward trend, and bulls still have demand for volume. Therefore, for midnight operations, we maintain a low-buying strategy.
BTC: Buy around 104500, target 106500
ETH: Buy around 3480, target 3630