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.
 Market Overview
• Current Price: approximately $2240, 24h decline of about 9.3%, 24h high of $2475, low of $2219.
• Core Drivers: Warming of hawkish expectations from the Federal Reserve, institutional capital withdrawal, combined with chain reactions from contract liquidations, clearly dominated by bears.
• Technical Analysis: Moving averages are in a bearish alignment, Bollinger Bands are opening downward, and rebounds are weak; MACD is flat at low levels, with bearish momentum still prevailing.
• Key Levels: Support at 2220-2180, resistance at 2350-2400-2550.
• Trading Suggestions: Strict position control, focus on defense; consider light short positions on rebounds to 2350-2400, targeting 2280-2250; if breaking below 2220, look towards 2180; avoid bottom-fishing against the trend until stabilization signals appear.
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