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
Bitcoin faces technical adjustment pressures, and the market may see a downward opportunity
Currently, although Bitcoin is trading above $90,000 and appears to have strong momentum, there are clear signals of a technical correction. Many traders believe this rally may be approaching a temporary peak, and the next move could be a deeper pullback, with the target level around 77,000.
Market opportunities are often hidden at these turning points. Whether going long or short, the key is to judge whether the direction is correct. The current situation presents us with an interesting choice—if a technical correction indeed occurs, positioning for short positions in advance can capitalize on this downward move.
From the chart, Bitcoin seemingly still has the momentum to continue rising, but in reality, it has already shown signs of weakness. This hesitation at high levels often signals an upcoming correction. Once the decline is confirmed, dropping from over 90,000 to 77,000 provides a substantial space, offering a good opportunity for short traders.
Most importantly, judgment and execution are crucial. The market always rewards those who make the right calls. The question now is—are you ready to seize this opportunity? The opportunity is right in front of you; it all depends on who dares to act.