💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
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Minimum 80 words
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The Bitcoin market has recently shown a clear long positions trend. According to the Technical Analysis at the 4-hour level, the market experienced a strong pump earlier, breaking through the resistance level of the upper band of the Bollinger Bands. Although the rise has slowed down subsequently, the overall trend remains positive.
The current K-line chart shows that although there is certain selling pressure from above, the market's pullback lows and rebound highs are gradually rising, which further confirms that long positions are dominant. It is important to note that although there may be some adjustments in the short term, as long as the current upward structure remains intact, the market's mid-term bullish trend will not change.
For traders, the 112500-113000 area can be seen as a potential buying opportunity. If the market can maintain strong momentum, the possibility of a short-term push towards the 115000 level cannot be ruled out. However, investors should also be wary of potential short-term fluctuations in the market and be prepared for risk management.
Overall, the current Bitcoin market is showing a positive rising trend, but investors still need to operate cautiously, closely monitor market changes, and adjust strategies in a timely manner.