🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
1. Taking BTC/USDT perpetual as an example
1. Considering that there has been no significant change in the price structure, we maintain our previous viewpoint unchanged. The current main direction is bearish, with a daily level of oscillation downward, and the upper limit constrained by the bears is 128830;
2. Short-term bearish pressure levels 110421-112585, below which, the focus is on short positions; those who haven't entered should patiently wait for a rebound. In the 1-hour cycle of the "Institution's Strong Turning Point Model" (for detailed explanation, please refer to the replay of the live video of "K-Line Digital Code") there are trading opportunities for short positions.
Above 3.110421, a short-term rebound is expected to continue, with low long positions as a supplement. It is not recommended to blindly chase long positions near the resistance level, and a breakthrough of 112585 requires adjustments in trading strategies and approaches. Below 108333, the bearish outlook continues, or a new price structure may emerge; thus, a rebound from the long side will follow, which will have an impact on ETH.
2. Taking ETH/USDT perpetual as an example
1. Considering that there has been no significant change in the price structure, we maintain our previous viewpoint unchanged. The current main direction is bullish, with narrow fluctuations below 4831, continuing to consolidate. The important support level for the bulls is 4206, and above this level, the bulls are gathering strength, requiring increased confidence and time to build positions.
2. If it falls back to around 4206 again, you can refer to the "Institutional Strong Turning Point Model" ( For a detailed explanation of this model, please pay attention to the "K-Line Digital Password" and watch the recorded live video ) and take a small position to try going long, with strict stop-loss; if it breaks 4206, the uptrend ends, and a retracement begins, adjusting the trading strategy.
3. Short-term bearish pressure level is 4526. If this level is surpassed, continue to look for higher levels. The trading strategy remains focused on buying on dips, with high short positions as a supplement or not shorting at all, abandoning some mediocre trading opportunities.
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Disclaimer: The information and opinions contained in the above report are for the reference of the reviewer only and should not be construed as investment advice for actual trading of investment targets. Investors should assess whether to use the contents of the report based on their individual investment goals, financial status, and needs, and make independent investment decisions while assuming the corresponding risks.