💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
#加密市场回调 Bitcoin experienced fluctuations from night to morning, first rebounding to a high of 111,963 points, then significantly falling to 109,026 points after the Federal Reserve's policy announcement, currently oscillating around the 111,000 points range; Ethereum also fluctuated in sync, dropping from 4,017 points to a low of 3,836 before stabilizing slightly.
From a technical analysis perspective, the four-hour chart of Bitcoin shows a clear wave-like downward pattern, with the lower Bollinger Band consistently moving downward, confirming the current bearish-dominated market environment. Although the KDJ indicator on the hourly chart has signaled a golden cross, the moving average system has failed to provide effective support, indicating that the current rebound is more likely a technical adjustment rather than a true reversal of the trend. Therefore, today's early trading strategy still suggests focusing on short positions at high levels.
Specific operation reference:
Bitcoin can consider laying out short positions in the 111500-112500 range, targeting below the 110000 point area.
Ethereum can look for short opportunities around the 3950 point, with the target around the 3850 point.
$BTC $ETH