🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
👉 How to participate:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Comment with your answer
🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
Recently, the Bitcoin market has performed strongly, continuously rising and breaking through key resistance levels. The price has stabilized above the middle band of the Bollinger Bands, and the long positions pattern remains intact. Currently, $113,400 has become an important short-term support level, and the market has reacted positively to this.
The current high-level volatility can be seen as a healthy accumulation phase, building momentum for the upcoming new round of pump. Investors can pay attention to the pullback opportunities in the range of $113,400 - $113,900. If it can break through $114,500, it may trigger a new round of pump, with the target price looking towards around $116,000.
However, investors should also be cautious, setting a stop loss below $112,900 to manage risk. It is worth noting that if the price breaks directly above $114,500, it may be considered to take a light position to follow the trend and go long, but always keep an eye on market changes.
Overall, the current Bitcoin market shows positive signals, but investors still need to remain vigilant and manage risks wisely. Keeping a close eye on market trends and flexibly adjusting strategies may yield good returns in this potential rise.