Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
3.4 Wednesday Morning Deep Analysis of MuFeng Market
Reviewing yesterday's market, Bitcoin launched a strong push towards the 69,000 level in the early hours, but failed to break through the resistance. Subsequently, the price began to gradually decline, eventually dropping to around 67,778. From a technical perspective, the bullish rebound momentum is clearly insufficient and has not been effectively amplified. Additionally, there is significant selling pressure above, forming a strong resistance zone. Currently, the market is showing a sideways trend, with both bulls and bears stuck in a stalemate.
Based on the current market situation and trend characteristics, today's trading strategy remains primarily to go short at high levels, meaning when the price rebounds to a certain high point, consider opening short positions.
Trading Suggestions:
Bitcoin: Short around 68,500 - 69,300, targets 67,500 and 66,500.
Ethereum: Short around 1,990 - 2,030, targets around 1,930 and 1,850.