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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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After a period of paused updates, we are refocusing on the dynamics of the Bitcoin market. Currently, the BTC price is showing a correction trend, expected to stabilize in the range of 115500 to 115300. In the short term, we are optimistic about the upward momentum, with the expectation that the price may aim for the target area of 116800 to 117000.
However, investors should also be wary of the resistance above. If BTC breaks through the range of 116800 to 117000, it may encounter resistance near 118000. A failure to break through could lead to a pullback, with support levels between 115500 and 114800.
Market fluctuations are frequent, and investors are advised to closely monitor price trends, set reasonable take-profit and stop-loss levels, and control risks. At the same time, attention should also be paid to the overall cryptocurrency market environment and macroeconomic factors, as they may have a significant impact on BTC prices.