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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
🏆 Trade to share 160,000 USDT！
join now: https://www.gate.com/campaigns/3911
Announcement link: https://www.gate.com/announcements/article/49432
#ELSA #FuturesTrading #GateStrike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
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Details: https://www.gate.com/announcements/article/47889
🚀 #BTCReboundTo96K | Breakout or Bull Trap? 🤔
Bitcoin has bounced aggressively, now pressing $96,000, reigniting market optimism. But is this a true breakout or just a short-term liquidity move?
📈 Bullish Signals ✅
Key psychological levels reclaimed
Market sentiment shifting back to risk-on
Holding above prior resistance opens the door to $100K
Altcoins often follow BTC strength
⚠️ Caution ❗
Sharp rallies can trigger pullbacks
Liquidity grabs & FOMO may fade quickly
Waiting for confirmation/retest may offer better risk-reward
🤔 Strategy
Momentum traders: Ride strength with tight risk management
Swing/spot buyers: Wait for pullback/consolidation near support
Long-term holders: Zoom out — short-term noise matters less
📊 Key Levels
Support: Previous resistance zone
Resistance: $96K → $100K
Volume & follow-through will decide the next move
📌 Conclusion:
The rebound is strong, but confirmation matters. Sometimes, patience is the best position.