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
Ethereum just reached the first take-profit zone. I am choosing to lock in profits by taking 30% of the position now, while the remaining position will be defended at the cost basis. The position at 3266 continues to maintain a short position layout.
Bitcoin still holds a short position, also using the cost basis as a defensive line. The same strategy applies to zero coins.
From the perspective of USDT inverse indicators, the support level of 5.64 predicted yesterday indeed played a role, and the market rebounded as expected. The current key level to watch is 5.95. Once it is touched, the plan is to clear all short positions and switch to a bullish strategy.
The market is currently in the B-wave rebound phase. But it must be emphasized that this is only a rebound and not a trend reversal. The height of the rebound will fluctuate with market sentiment. Ethereum's performance is particularly worth noting, as it may be brewing a second zigzag correction structure.
The B-wave phase itself is known for its complexity, with both bulls and bears facing significant uncertainty. Frequent upward and downward pinning, trend interruptions—these phenomena are common. Trading operations must strictly implement risk control, avoiding overly subjective and pattern-based trading, so as to cope with the risks brought by short-term volatility.