🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
【Price Trend Analysis】
1. Candlestick pattern:
- Recently, the price has fluctuated within the range of 2430 to 2560, with significant upper and lower wicks, indicating intense market competition between long and short positions.
- There was a significant Rebound on the daily K-line after a sharp decline, but overall it is still in a downward trend.
2. technical indicator:
- MACD: The fast and slow lines of the 4-hour MACD are both below the zero axis, and the DIF and DEA are gradually converging with negative values, indicating a weak Rebound signal. The daily candlestick level MACD also presents a similar situation, indicating a possible small Rebound in the short term.
- RSI: RSI on the 4-hour timeframe is approaching the oversold area (38.86) but has not fully entered it, indicating a certain demand for rebound. The RSI on the daily candlestick chart is also low (around 40), and there may be a technical rebound in the short term.
- EMA: The current price is below EMA7, EMA30, and EMA120, especially the death cross formed by EMA7 and EMA30, showing strong downward pressure. If the price can break through and stand firm above EMA7 (2458.34), there is a chance of further Rebound in the short term.
3. Trading Volume:
- Recently, the Candlestick and Trading Volume on the 4-hour chart have decreased compared to the previous period, indicating a strong market wait-and-see sentiment.
- Trading Volume at the daily candlestick level expanded on September 2nd and September 3rd, followed by a shrinking volume adjustment, indicating that the market entered a consolidation phase after a big pump big dump.