🚗 #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! 💰
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📅 Ends at 16:00, Sep 17 (UTC)
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Does the restless market stir your desire to enter? Ethereum has returned to the familiar 4200 support level; the price remains the same, but some people's positions have vanished, waiting for the right moment to act. Taking hits while standing firm without holding positions will allow you to move forward better. A couple of days ago, it was mentioned that the probability of a market movement this Friday is quite high. Both Bitcoin and Ethereum are experiencing sharp fluctuations; while there are risks, there are also opportunities. Ethereum has rebounded, reaching the entry point; around 4200 is the support, and now is the opportunity to enter. If it breaks this level, there is still a chance at the 4000 mark. Continue to pay attention to entry opportunities.
Bitcoin has been mentioned as a good entry point around 110,000. The support around 107,000 has been tested three times and has held effectively. If it doesn't fall, it must rise. Although the wording is rough, the current price is breaking through the resistance around 113,000. If it goes up, the bulls will gain the upper hand.
This fourth quarter is an important time node, marking a major turning point in the large cycle, which is the peak of this bull market. Based on the current market conditions and various data, it can be anticipated that the peak of this bull market will be more rapid and shorter in duration than the previous one. From the perspective of BTC's market cap share, altcoin markets are developing in a positive direction, and some adjustments along the way are a normal phenomenon.
In addition, not all altcoins can surge during the altcoin season; rather, it is more about the rotation of hot sectors, and there are quite a few quality altcoins that currently have good cost-performance ratios.