Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
- Daily Chart: Bitcoin at Risk of Losing Gains
It appears that Bitcoin is on the verge of resuming its downward trend amid increasing headwinds and negative risk sentiment. The declining exponential moving averages, which are $84,699 for the 50-day, $90,363 for the 100-day, and $95,737 for the 200-day, are negatively impacting Bitcoin's price, with the potential for increased bearish momentum in the near term.
The MACD( indicator remains below the daily chart's signal line, reinforcing the overall bearish trend. Although the RSI) is above the oversold zone on the same chart, it shows weakness, which could accelerate the pace of decline toward $60,000.
A daily close above $70,000 is required to maintain short-term bullish outlooks, with near-term targets at the highest level on Sunday at $72,271 and the highest level on Thursday at $73,341.
Daily chart of the BTC/USDT pair