Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#美国就业数据不及预期 Bitcoin pulls back after a rally, can the key support hold?
$BTC $BNB $DOGE Bitcoin is stuck in a tug-of-war near $96,800. It was sharply dumped to $94,700 in the early hours, but the bulls quickly rebounded—this signal is clear: someone is bottom-fishing here. On the 4-hour chart, the price is now hovering around the $96,500 level, and the MACD looks like it's about to cross bullishly. The bulls are still strong; as long as this level holds, the room is upward.
Looking upward? $98,000 is a tough nut, but once broken, $100,000 is no longer a dream. Now, it's just waiting for that breakout.
How to play?
For the bulls, wait and see. If the $96,500 to $96,800 range can stabilize, you can try a small long position, with a stop-loss below $96,000. The initial target is $98,000; if it breaks here, hold on.
Don't forget the risks. The hourly chart shows some overbought signals now. If $98,000 can't be broken through, a pullback might test $95,000 or even $94,000. The Federal Reserve may cut interest rates, and big funds are buying, pushing the price upward. But at high levels, such turbulence is unpredictable. Don't chase the rally; strict stop-loss is a hard rule.