🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
The market has improved after two days of repair, and BTC has held above the support near 86000, moving towards the resistance around 89000. Currently, it is in a fluctuating rising trend, with another resistance near 87000. The key position is at 86700; if it holds above this level, there won't be too much of a pullback. To enter a long positions trend, BTC should recover above 95000 to be reasonable.
Looking at Ethereum, it is currently in a fluctuating rise trend, with recent resistance around 2920. It is currently hovering near this resistance level. The next resistance is around 2970. For Ethereum to enter a long positions trend, it should close above 3150 to enter a long positions trend. BTC hasn't had any major movements in the past few days, but there are quite a few conspiracy theories brewing. Just take a look and that's enough.
The current 4-hour level is still catching its breath; the wounds from the last big drop have not yet healed. The market's current expectation is for a rate cut in December and a halt to tapering, which could indeed bring some liquidity, but it's hard to say how much can flow into risk assets.