New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
➡️ The weekend is ahead, which means the instrument is unlikely to show any kind of consolidation above, especially considering the formation of support levels behind which long liquidity has already accumulated.
Starting from Friday, trading activity generally decreases, unlike Sunday, when it rises with the opening of a new weekly candle. A telling example of this activity was observed last weekend, when the downward impulse occurred at the opening of the monthly candle.
➡️ At the moment, bitcoin is trading near support levels, forming repeated touches that increase the likelihood of a breakdown. The next support is located 7% lower, around 85,000. Nevertheless, a large volume of selling is required for a move down to these levels, as there is currently no clear short setup, and selling pressure remains limited.
Bitcoin dominance (BTC.D) has formed a local short setup, the realization of which would have a positive effect on altcoins. However, against the backdrop of the current situation in bitcoin, most assets have already retraced half of the initial impulse during the rebound.