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 Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC
🚨 Evening Market Warning: Morning gains have been retraced, 88,000 is the key defense battle
Market Review:
Volatile Movement: This morning (at 10:20 analysis) BTC briefly surged above 89,000, seeming to break through successfully. However, during the European trading session in the afternoon, the bulls failed to hold the gains, and the price oscillated downward, just falling back to the 88,000 level.
Pattern Qualification: This is a dangerous signal. The morning breakout has turned into a temporary “Bull Trap.” The current 88,000 is at the “ultimate test of support validity.”
If the US stock market opens tonight and holds this level and rebounds, it will be a healthy “breakout retest.”
If it effectively breaks below 87,800, the morning breakout will be confirmed as a complete failure, and the market will return to range-bound oscillation or test lower levels.
Current Logic: Market sentiment has shifted from optimism in the morning to caution. At this moment, 88,000 is the last short-term line of defense for the bulls.