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- 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Tuesday: After the roller coaster, recover back high; there's no need to rush into shorting.
The midnight market has shown a retracement pattern, but the downward pressure effect has not continued. The pace has entered a repair stage, and neither the bulls nor bears have formed a one-sided pattern.
From a technical perspective, the price has rebounded and retreated in the four-hour pattern without breaking through the middle track to continue the bearish trend. The operating channel remains in an upward state. Although the bullish pattern has not continued in rhythm, it has also clearly stopped falling and entered a recovery phase after the pullback.
From the one-hour level, the price surged and then retreated, but the support in the 118000 area is evident, forming a certain range-bound tug-of-war demand. There has not yet been a breakthrough downwards to continue towards a bearish trend; instead, it is building a base.
Today, we will focus on repairing the pattern and primarily participate in long positions at low levels.
I personally suggest to look more in the 118000-118500 range, and watch 119000-119500 #BTC# .