Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Bitcoin prices continue to face pressure, having fallen below the $91,000 mark. From the 4-hour chart, the support level at $92,155 has also been broken, confirming a downtrend.
According to crypto market analysts, they are actively looking for shorting opportunities. The target is set near the early month opening price, around $87,600. To manage risk, take-profit orders will be placed at two points along the way—this is a typical phased profit-taking strategy.
However, a rebound is also possible. The key support around $90,500 is critical; if BTC experiences a strong rebound here and successfully reverses, short positions will need to be closed. Conversely, once the price breaks above $96,500, the outlook should shift to bullish. Recent market movements have indeed been oscillating at key levels, so cautious handling is advisable.