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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
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2.5 Bitcoin Silk Road
The nighttime trend continues to decline, highly consistent with yesterday's analysis and target levels, with the 70,000 level just one step away.
Today's main trading strategy remains focused on short positions, with the primary target directly at 70,000. Once this level is broken, the downward space will fully open up;
From the current market trend, the bears are clearly in control, but there is a high probability of a relatively strong rebound during the day. Be sure to seize the entry opportunity and lock in profits.
Trading Recommendations
First target for short positions is around 70,000. If this level is broken, look further down to around 68,000;
Rebound resistance levels are around 74,000-75,000.