🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
On the night of November 24 to early morning, let's take a look at the trends of #比特币波动性 and $BTC .
Bitcoin has rebounded from the lows, and there are some insights to be gained from the 4-hour chart. The price is currently around 88000, just at the upper Bollinger Band at 88624.8. The issue is that there are a lot of trapped positions left from the previous drop between 88000 and 89000, making it easy for it to be sold off when it rebounds to this level.
From the perspective of the Bollinger Bands, it is easy to reverse when hitting the upper band, and the downward trend throughout November has not been completely reversed. This round of rebound has not been able to break through the upper edge of the channel, and the logic for shorting still exists.
How to operate? My idea is:
Consider entering a short position for Bitcoin in the range of 87000-87500, first looking to see if it can return to 85000. If the downward trend continues, keep an eye on 84000.
For Ethereum, 2830-2860 is a good short point, with the first level at 2700. If it breaks, continue to wait for 2640.