🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 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 view, with the current main direction being bearish, and the daily level showing a downward fluctuation, with the upper limit constrained by the bears at 128830;
2. Short-term bearish pressure level at 112585; below this level, short positions are dominant. Those who have not entered the market should patiently wait for a rebound. In the 1-hour timeframe, there is a trading opportunity for short positions according to the "Institution Strong Turning Point Model" (for a detailed explanation of this model, you can follow the "K-Line Digital Code" and review the live video later).
Above 3.110421, a short-term rebound is expected to continue, with low longs as a supplement. It is not advisable to blindly chase longs near the resistance level, and a breakout above 112585 will require adjustments to the trading approach and strategy. Below 108333, the bearish outlook continues, or if a new price structure occurs, a rebound from the bulls will follow, which will have an influence on ETH.
2. Taking ETH/USDT perpetual as an example
1. Considering that the price structure has not changed significantly, we maintain our previous view unchanged. The current main direction is bullish. Below 4831, it is fluctuating upwards, continuing to consolidate. The important support level for the bulls is 4206. Above this level, the bulls are gaining strength and need to increase their confidence and time in holding positions.
2. If it falls back to around 4206 again, you can refer to the "Institution Strong Turnaround Model" (. For a detailed explanation of this model, you can pay attention to the "K-Line Digital Code" and then review the live video ). Lightly try a long position, with strict stop-loss; if it breaks 4206, the upward trend ends, and the decline begins. Adjust your trading strategy accordingly.
3. The short-term bearish pressure level is 4526. If this level is surpassed, we will continue to look for higher levels up to 4831. The trading strategy remains focused on buying on dips, with short positions as a supplement or not taking short positions at all, avoiding some mediocre trading opportunities.
In the future, China will be a world of people with right knowledge, right mindfulness, and positive energy. The greatest crisis is not a financial crisis, but a crisis of morals and faith; the more blessings one has, the greater their energy; walk with the wise, walk with the virtuous, and hold compassion for all beings, with boundless love.
Disclaimer: The information and opinions in the above report are for reference only and should not be considered as recommendations for actual investment transactions. Investors should assess whether to use the content of the report based on their individual investment objectives, financial situation, and needs, and make independent investment decisions while bearing the associated risks.