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
Many people in the market are easily driven by two emotions: when prices surge aggressively, they fear missing out and chase the high; when prices drop sharply, they are hit by fear and cut their positions. But those who truly survive in the cycle have a simple logic—stand firm when others lose control, stay clear-headed when others are greedy.
This week's BTC performance is quite interesting. After dropping from the high of 94,700, it experienced a normal technical correction yesterday. The interesting part is this: the price found support around 89,200 and then smoothly rebounded back to the 91,000 level. This kind of adjustment is healthy and is a typical technical correction within an upward trend.
From a trading volume perspective, there was no significant increase during the decline, which essentially indicates that the bearish force is weakening. Looking at the 4-hour K-line structure, the Bollinger Bands show that after the price stabilized near the middle band, it is moving toward the upper band. The entire channel is expanding, with both the upper and middle bands continuing to rise, showing no signs of flattening or contracting.
A more direct signal comes from the stochastic indicator—KDJ's K and D lines formed a golden cross near 50, and the J line also broke upward shortly after, indicating that the short-term bullish momentum is recovering. The bullish signal is quite clear.
From an operational perspective, the price range of 90,500 to 91,000 can be considered for long positions, targeting the 92,000 to 92,888 zone. However, the recent market pace may not be too rapid, and after tonight's non-farm payroll data is released, it may be necessary to reassess the key levels based on the reaction.