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
1.12 BTC Morning Technical Analysis and Trading Strategy
A new trading week begins, and market sentiment has returned to rationality. Reviewing the weekend行情, Bitcoin fluctuated narrowly around 90600, with price movement closely aligning with previous analysis. The current quote stabilizes around 90800.
From a technical architecture perspective, we are currently in a sideways correction cycle. Four-hour K-line charts show that after the previous downward wave, the Bollinger Bands have entered a flattening phase. Short-term bullish and bearish momentum are approaching equilibrium, lacking clear directional guidance. However, from a larger cycle trend perspective, the dominant feature is clearly bearish, with rebound momentum continuously diminishing. The subsequent downward drive has stronger technical support, so the overall trading strategy should focus on shorting at high levels.
Trading suggestion: Short around 91500, target 89500, 88000.