Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#btc BTC weekly chart, daily chart, 4-hour, 1-hour, have all diverged. It has been almost 20 days since August 30. We have continuously emphasized to short within the 1145-1179 range, which has now been reached. So both the time and the level are in place, and we will have to see tonight's news. Everyone should not panic; as we approach the highs and lows, there will be various smokescreens, so-called teachers, all kinds of news, like Whales buying and selling, wars, how much has been transferred from ancient Wallets, don't believe it all. The news is just a catalyst. The market will move as it should.
Let's review the larger scale again. Currently, BTC is undergoing the second rebound on the daily chart, which is expected to end soon, followed by the start of the third decline, with a target around 9.35-9.5. Whether it will be a three-wave decline or a five-wave decline still needs to be observed. Then, there will be a very strong surge.
#eth The recent rebound of Ethereum, although strange and peculiar, appears neither strong nor weak. It hasn't broken the lowest point of 4200, but the timing of the fluctuations is the same as BTC, with different amplitudes. We can, but I don't recommend shorting Ethereum at the current level. If news is released afterwards, Ethereum may need to catch up, and the momentum could be significant. If the news leads to a decline, I still recommend focusing on BTC. Therefore, Ethereum can be positioned for long orders after BTC hits its target. Various Wall Street giants are investing in Ethereum this year, and Jack Ma has also laid out Ethereum spot positions. Thus, I suggest going long on Ethereum at lower levels. From the weekly chart, the support at 4000 for Ethereum is expected to be broken, but it's uncertain how low it will go; for now, we can only see around 3800 to 3700.