Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
It seems that Dajun woke up to the sky falling. Overnight, global markets experienced a comprehensive sell-off: stocks, futures, crude oil, and the crypto market all suffered heavy declines. Bitcoin showed a crash-like drop, hitting a low of 59,800, with a single-day decline of 10,000 points, resulting in heavy losses for Dajun.
Yesterday, I warned that the 60,000 level was not far away, but the market directly broke below it overnight, with a speed that exceeded expectations. This morning, the market quickly rebounded about 6,000 points, but the intense volatility also wiped out some short sellers, once again indicating that short-term trading carries extremely high risks.
It is recommended that short-term traders remain cautious, watch more and act less. Regarding the wave trend, the downward target remains at the 50,000 to 48,000 range!