🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
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
Today marks the 320th day of my dynamic posts, without a single day of interruption. Each post is not done half-heartedly, but is prepared with care.
If you think I am a serious person, you can walk with me, and I hope the content every day can help you. The world is vast, and I am small, so please follow to avoid getting lost.
The cryptocurrency market is showing a volatile upward trend today, with BTC reaching a high of $97,500, continuing the recent bullish pattern. The 4-hour candlestick chart shows that the highs and lows are gradually rising, and the MACD remains in an upward momentum. The short-term support level is around $96,000; if it does not break during a pullback, it can still be bullish towards $98,000. ETH, on the other hand, is affected by the Asia-Pacific market, with technical indicators showing a short-term adjustment. However, if it holds the $1,800 support, it still has the potential to rebound to $1,900.
Market influencing factors include:
1. Macroeconomic Pressure: The escalation of trade friction between China and the United States, along with the tariffs imposed by the Trump administration, has led to turmoil in global markets, a sharp decline in Asia-Pacific stock markets, and consequently put pressure on the cryptocurrency market.
2. Institutional inflow: Bitcoin spot ETF had a net inflow of $675 million yesterday, while Ethereum spot ETF had a net inflow of $20.1 million, indicating the willingness of institutions to buy the dip.
3. Leverage risk exposure: Recent high-leverage trading in the market has led to 280,000 people being liquidated, with $882 million cleared, and short-term volatility may intensify.
Market Outlook:
- Short-term: If BTC breaks through the resistance at $96,000, it may challenge the psychological level of $100,000; ETH needs to observe the key support at $1,500.
- Mid to long term: If expectations for the Federal Reserve to cut interest rates rise, liquidity easing may help boost a rebound in crypto assets, but caution is needed regarding policy and geopolitical risks.
Take advantage of pullbacks to go long, but strict stop-loss measures are necessary to avoid high leverage operations. The market is still in a sensitive period, and investors should closely follow macroeconomic trends and on-chain data changes.