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The market manipulator ultimately goes down............
Last weekend, the market moved without any news impetus, with existing funds in a tug-of-war, and the trend fluctuated slightly bearish. The most important events this week are the interest rate decision and Old Powell's speech. On Thursday evening, the Federal Reserve FOMC will announce the interest rate decision at 2:00; Old Powell will hold a monetary policy press conference at 2:30. This basically determines the subsequent direction. If before Thursday, there is a rapid drop to the lower boundary of the previous channel, it will be very beneficial for the subsequent rise. As we mentioned before, the extreme liquidity above has been removed, and the subsequent move will be downward反v[吃瓜瓜]. Now, the issue to consider is the space problem, and this adjustment can ultimately.
Bitcoin has been under pressure since hitting a high of 97840 in the evening session of this Friday, due to the significant selling pressure above, the bulls have failed to effectively break through, and the price has fallen under pressure. Due to excessive selling pressure, the bulls failed to break through, and the price fell under pressure. Affected by the thin trading and macro data over the weekend, the currency price fluctuated downward, and the market sentiment became cautious. In the white session yesterday, Bitcoin fell below the key support level of $95,500, breaking the short-term consolidation pattern. The 5-day moving average and the 10-day moving average formed a dead cross, the MACD indicator crossed the zero line below and the green column continued to amplify, the bearish signal was significant, and the trading strategy turned from long to short. Although it rebounded to $95,708 overnight, the volume was not effectively amplified, and the volume-price divergence highlighted the weakness of the bulls, and the bears' dominance was further consolidated. In the early hours of the morning, the price of the currency fell to $94,503, a new low in recent times. Focus on the four-hour support range of $93,800 - $93,500 in the future: If it stabilizes, the bulls may rebound, and need to pay attention to the $95,000 and $95,500 resistance levels; If it fails, it will open the downside, and the $92,000 and $90,000 marks may become new support, and the short-term face will be greater
The Ethereum-linked broader market weakened, hitting a high of $1,841 in late trading before retreating. Suppressed by the upper band of the four-hour Bollinger Band, the divergence between volume and price appeared, and the bulls were weak. The lowest price fell to $1805, falling below the 5-day moving average, KDJ formed a death fork in the overbought area, RSI high downward, short-term bearish sentiment is strong, the current low shock continues, there is a further downward trend. The key to the market outlook is the four-hour support range of $1780-1750: if effective support is obtained, with the amplification of trading volume and the shortening of the MACD green column, bears or exhaustion, bulls counterattack, pay attention to the resistance level of $1845-1860; If support is broken and panic spreads, it will test the $1720-1680 bottom, breaking below or exacerbating the downside. At the same time, factors such as the trend of Bitcoin, macro policies and regulatory dynamics will also significantly affect the price of Ethereum, and it is necessary to flexibly adjust the strategy accordingly.