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
In the morning, Bitcoin briefly dipped to around 89,000 before stabilizing and rebounding. The bulls continued to increase volume and successfully broke through the 89,500 level. Currently, the price has stabilized near 90,000. The stop-loss for short positions in the morning also indirectly confirms the effectiveness of the current bullish momentum, indicating a clear increase in market buying consensus.
From a technical perspective, the price has formed a solid support at around 89,000. After breaking through 89,500, it shows a healthy trend of volume and price cooperation. The hourly MACD has a golden cross, and the RSI is in a strong zone, supporting a short-term bullish pattern. The current key support has moved up to the 89,500-89,800 range, with resistance above at 90,500-91,000.
If the price can hold above the 89,500 support and further break through the 90,500 level, the medium-term upward space is likely to open, with the next target around 92,000-92,500. The trading strategy should shift to a low-buy approach, focusing on signals of pullback stabilization or volume breakout above key resistance for trend-following opportunities.