🌕 Gate Square · Creator Incentive Program Day 4: #Crypto Market Rebound#

Last night, August’s CPI came in at 2.9%, matching expectations, and this triggered a major crypto rebound! Bitcoin surged to $116K, Ethereum to $4,500, and SOL to $230. Major assets rallied across the board, sparking discussions about whether this is a short-term spike or the beginning of a new bull run. 🎉

1️⃣ Which Leading Asset Will Continue to Outperform?
After BTC, ETH, and SOL’s strong moves, traders are closely watching market momentum. Bitcoin, as the leading cryptocurrency, may continue driving market sentiment, while Ethereum’s smart contract ecosystem and SOL’s high-speed blockchain could also attract increased attention. Keeping an eye on trading volumes, institutional activity, and network adoption will help anticipate which asset could outperform next.

2️⃣ Will the Market Keep Climbing? Key Resistance Levels:
Technical analysis shows several resistance levels to watch: Bitcoin around $120K, Ethereum at $4,600, and SOL near $240. Breaking these levels with strong volume could indicate a sustained uptrend. Conversely, failure to breach them might suggest a temporary pullback. Traders are advised to monitor on-chain data, macroeconomic news, and market sentiment to gauge the sustainability of this rally.

3️⃣ Trading Strategies During the Rebound:
Many traders employed momentum and swing trading strategies to capitalize on the rebound. Some bought dips during minor corrections, while others used leverage cautiously to ride the upward trend. Risk management remains crucial—setting stop-losses and tracking support levels can protect gains in volatile conditions. Sharing strategies and insights helps the community learn and increases your chance to win rewards!

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#CryptoMarketRebound# #GateSquareMidAutumnCreatorIncentive#