🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
🎁 Prize pool over $15,000+, iPhone 17 Pro Max, Gate exclusive Merch and more awaits you!
👉 Draw now: https://www.gate.com/activities/pointprize/?now_period=13&refUid=13129053
💡 How to earn more Growth Points for extra chances?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to rack up points!
🍀 100% win rate — you’ll never walk away empty-handed. Try your luck today!
Details: ht
In the current turbulent Crypto Assets market, we need to take a prudent view of future trends. Based on recent market performance, the main strategy for next week will still revolve around shorting. From a technical analysis perspective, the daily chart has continuously shown bearish belt hold, and has broken through the key support level of the middle band of the Bollinger Bands, indicating a clear signal of a continuing downtrend.
Despite the recent rebound and fluctuations over the past two days, market sentiment has not shown significant improvement. Therefore, whether it's a rebound or a continued fall, we should remain vigilant, with shorting on the rebound as the main operational strategy. This strategy aims to help investors avoid potential pitfalls and seize the most confident trend opportunities.
In terms of specific data, the short-term resistance levels are at 110400 and 111400, while the support levels are at 108500 and 107300. It is worth noting that the short position in the previously mentioned 109500 area is still valid, and if it can be stabilized, it may be considered for continued holding. In fact, regardless of the position of your shorting, there may be profit opportunities. However, it must be particularly emphasized that position management is crucial, as it is the key to ensuring that risks are controllable.
Given that market fluctuations are usually small over the weekend, we do not need to overinterpret short-term trends. It is recommended that investors take this time to rest well and prepare adequately for the market next week. At the same time, we should closely monitor external factors that may affect the market, such as changes in U.S. trade policy and the upcoming PCE data.
In the face of a complex and ever-changing market environment, it is crucial to remain calm and rational. Let us look forward to the new week bringing new opportunities, and wish that every investor can find a strategy that suits them in this wave of market adjustments to achieve their expected goals.