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 rapidly surged from around 90,000 within 1 hour to approximately 91,600, recording consecutive bullish candles. The short-term increase exceeds 2.6%, and the bullish momentum is being released rapidly. The technical indicators have entered a clear overbought zone, highlighting the need for a correction and repair.
At the same time, the current price significantly deviates from the MA7 and MA30, with the price far from the short-term moving averages. There is a strong technical need for mean reversion correction, and a subsequent pullback is highly probable.
If this rally cannot be sustained with continued volume support, it will form a divergence pattern of "price rising with decreasing volume," further confirming the weakening of bullish momentum and becoming a key catalyst for a bearish trend.
Bitcoin: Short at 91,500-92,300, target 90,500-88,500
Ethereum: Short at 3,160-3,210, target 3,050-2,960