🚀 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
Based on the daily chart analysis, we can make the following predictions for the market in the coming days:
* High probability event ( about 70%): After oscillation and repair, continue the upward trend.
* In the next 1-3 trading days, the price will likely fluctuate between the support levels of 112,000 ( today's low/average line support ) and 118,000 to adjust short-term indicators like MACD and consolidate the bottom support. After the consolidation ends, there is a high probability that the market will resume its upward trend and challenge the previous high of 123,222.0 again.
* Medium probability event ( about 25% ): Break below key support, enter deep correction
* If the market experiences an unexpected bearish event that causes the closing price to effectively break below 112,000 and the short-term moving average in the coming days, then the defense line established by the bulls will be breached, and the market may enter a deeper correction, with the next important support level around 103,000.
* Low probability event ( about 5% ): V-shaped reversal, immediately new high
* Given the weakening momentum indicated by the MACD high dead cross, the likelihood of the market directly V-shaped reversing and immediately breaking through the previous high of 123,222.0 is relatively low. The market usually needs time to digest and consolidate.
Conclusion: From the daily chart perspective, this is a potential buying point in the current bull market pullback. The risk lies in the possibility of short-term fluctuations, but as long as today's low is maintained, the long-term upward trend is very clear.