📈 Weekly Market Forecast Challenge | Market Insights Weekly

This week's topic: Will BTC break through 120,000 this week?

📅 Event Time
October 28 - November 2 24:00 (UTC+8)

💡 Event Content
Share your market views on this week's theme #BTC是否会突破12万 :
👉 What do you think about #BTC是否会突破12万 ? Please elaborate on your reasons—whether it's technical analysis, macro logic, on-chain data, or market sentiment, feel free to showcase your unique insights.

🏆 Reward Settings (Total $1000 Position Experience Coupons)
🥇 Top Insight (3 people): $150 position experience voucher
🥈 Excellent Analysis (6 participants): $50 position experience coupon
🥉 Active Analyst (10 spots): $25 position experience coupon

✍️ Participation Method
1️⃣ Follow @GateSquare_Official
2️⃣ Post in the square and include the topic #BTC是否会突破12万
3️⃣ The content must include:
Your judgment: Yes / No
Brief logic or data basis (such as K-line trends, market sentiment, position changes)
Better with attachments (e.g., market charts, indicator screenshots, etc.)

✨ High-quality content will be officially recommended by Gate Square!

Participation Case:
I believe that this week #BTC is expected to break through 120,000.
📈 From a technical perspective, the daily bullish structure is solid, and the moving average system is in a bullish arrangement;
🔹 Expectations for a Federal Reserve interest rate cut are rising, and the funding environment is relatively loose;
🔹 ETF inflows continue to strengthen, with noticeable institutional buying.
If BTC can hold support in the 118K range, the probability of breaking through 120K this week is quite high.