Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Saturday was supposed to be a rest day, but the phone alarm went off again. Looking at the price, it had dropped again. To the many who are madly bottom-fishing, are you okay? Are you trapped, or have you already been liquidated? This week, Zhongliang once again reminded everyone about the high altitude, continuing to short around the 90,000 and 3,000 levels. On Thursday afternoon, he gave an early preview that a decline was coming, advising to let the shorts go at 85,000 and 2,600. The pattern was still too small, and as expected, it started to fall in the evening, with an emphasis that there would be another drop on Friday. Those who followed early have already picked up soft hands, spending money until they cramp!
In the Bitcoin daily K chart, the middle and lower bands of the Bollinger Bands continue to open downward, MACD bearish momentum continues to expand, and KDJ and RSI are turning downward. The weekly K chart shows all three Bollinger Bands opening downward, with 80,600 insufficient to support a bottom and form a large rebound. MACD bearish energy is re-expanding, and KDJ and RSI are turning downward. The monthly K closes with four consecutive bearish candles, and MACD bearish momentum continues to expand! In terms of operation, it’s still short, short, short. Rebounds are just opportunities to short. If you don’t short, your pockets will be empty for the New Year!
Bitcoin resistance levels are at 83,500, 84,500, and around 86,000. Short positions should be taken around these levels, with targets down at 82,000, 80,500, and 79,500.
Ethereum resistance levels are at 2,700, 2,750, and around 2,800. Short positions should be taken around these levels, with targets down at 2,650, 2,600, and 2,500.
Real life always teaches us many lessons. If you are not fully prepared in life, you will have to endure the heaviest rain; if you are not fully prepared at work, you will face the harshest scolding; if you are not fully prepared at home, you will suffer the hardest hardships... All these, we may not realize in daily life, but when faced with them, we find ourselves in a dilemma. This might be human nature, or laziness...$BTC