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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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1. Publish your unique insights on the CROSS project in Gate Square.
2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
3. Share your article or insights on X with the tags: Gate Square & CROSS.
Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
The Bitcoin market has once again shown fluctuations today. In the morning, the price of Bitcoin once climbed to around 109,700 USD, but then faced resistance and began to retreat. Technical analysis indicates that long positions are weakening. From the candlestick indicators, the bullish momentum is declining; the RSI and KDJ indicators also show that the bullish advantage is weakening; at the same time, the MACD indicator has formed a death cross, further increasing the pullback pressure.
Looking ahead to the market on Monday, the market sentiment is still leaning towards bearish. Investors may focus on rebound opportunities in the range of 109500 to 110400 USD, considering shorting within this range. In the short term, the price may dip to around 107000 USD. If this key support level is effectively broken, further downside to 105000 USD, or even the 100000 USD round number, cannot be ruled out.
However, it is important to emphasize that the cryptocurrency market has always been characterized by significant fluctuations. Investors should act cautiously and thoroughly assess risks when making any trading decisions. At the same time, it is crucial to closely monitor changes in market sentiment and macroeconomic factors, as these can all have a substantial impact on Bitcoin prices.