🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Hello everyone at noon on the 1st. Today we closed the monthly chart. To be honest, the BTC monthly chart doesn't look good, but it doesn't affect the short-term price fluctuations. On the daily chart, BTC has once again shown a top model and has formed a bearish engulfing pattern. So we need to follow whether the midpoint of the bearish line from this morning at 8 o'clock can be crossed. If it can be crossed, we will see if it can break the 108500 level, which is near the downtrend line. Then, breaking the downtrend line and surpassing the top model will continue the upward trend. As of now, BTC maintaining sideways movement without breaking below 106700 is a good thing. I originally thought this guy would hit the 109200-109400 level. Previously, I said that if this level comes, I would consider shorting, with a stop loss of 600 points. Since it hasn't come yet, let's wait for now.
Mainly speaking, ETH Ethereum, I have been holding long positions. I have also been holding the long position at 2460 since yesterday. Ethereum is just one big bullish line away from a daily chart increase of eight to ten percent. Just that one line. The market from yesterday to this morning has been swaying, giving a feeling of a pullback. In this situation, I want to hold onto my long positions, still at the 2450-2460 range. This position has been grinding for three to four days. If it falls back and can't get above, then that's a solid ceiling. After the pullback, if it confirms, then the foundation will be solid, preparing to welcome a big bullish line. If that doesn't happen and it breaks below the 2450-2460 range, then I must start shorting. For now, I still insist on the bullish outlook.