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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
To join:
1️⃣ Follow Gate_Square
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3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
#BTC#
The situation on BTC/USDT: a sharp drop from $93,500 led to a deep correction. However, the block of purchases formed at $85-$86 thousand represents a potential entry point for long positions.
Strategy:
* From the level of purchases of $85-$86 thousand: Opening long positions with the aim of fixing profits on the breakthrough of the sales block at $90 thousand. Consider risks. Place a stop loss below the redemption block.
* Breakout of the sales block ($90 thousand): Signal to open or increase long positions. Target - further growth.
Key points:
* News background: Actively monitor the news as it greatly affects volatility.
* Risk Management: Divide the position into several parts and use stop-losses to limit potential losses.
* Dynamic analysis: The situation is changing rapidly. Constantly analyze charts and news background.
Overall, the situation requires a cautious approach and careful market monitoring. Successful trading depends on the ability to adapt to changing conditions.