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
Bitcoin is stuck in a tug-of-war around $95,150. The 1-hour chart shows extremely compressed volatility, with an amplitude of only ±0.2%. Such an extremely narrow fluctuation usually indicates an imminent directional breakout.
Trading volume has declined, and many market participants are on the sidelines, with few eager to chase high. This detail is crucial—it suggests that the current upward momentum is more driven by macroeconomic expectations and capital inflows rather than a fundamental shift.
From a technical perspective, two lines are key. The support zone below is between $94,800 and $95,000, which is both the 24-hour low and the area with the most short-term trading activity. Going lower, the $94,500 to $95,000 range was previously a breakout platform, providing strong support. On the upside, the $95,400 to $95,600 range is the intraday resistance, and breaking through here would face a stronger resistance zone at $97,500 to $98,000.
The weekend's particularity is weaker liquidity, which can amplify volatility. However, this often results in less sustainability. Currently, instead of frequent trading, it’s better to observe more and act less, waiting for a confirmed breakout or a convincing pullback before following up. Risk management is crucial—set stop-loss and take-profit levels in advance and avoid being swept away by short-term fluctuations.