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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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Good Monday, weekend. Ethereum and BTC prices are fluctuating with a Rebound trend, which is a Rebound of the swing trading that occurred after the fall on the 3rd. Regarding the current trend, it is still in the mid-term downtrend since May. However, it is gradually coming to an end at the weekly level and is not far from the Rebound in January and February. Auntie Tai's expected target is in the 2000 range, but it is still relatively weak on the daily candlestick chart. It has just entered the Rebound stage at the 6-hour level today. This morning, BTC reached the first target of 55300, but it is expected that the Rebound will continue during the day. Once it reaches near 56000 above 55300 today, a swing trading of the downtrend can be laid out. However, it is necessary to pay attention to the daily candlestick level. If it forms a reversal pattern, the four-month downtrend will temporarily come to an end and enter the weekly Rebound. Special attention is needed.