🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
Draw Now 👉 https://www.gate.io/activities/creditprize?now_period=10
🌟 How to Earn Growth Points for the Draw?
1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
2️⃣ Complete tasks like post, comment, and like to earn Growth Points.
🎁 Every 300 Growth Points to draw 1 chance, win MacBook Air, Gate x Inter Milan Football, Futures Voucher, Points, and more amazing prizes!
⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
#GrowthPoints#
Data Analysis:
From the liquidation map, it can be seen that the short positions are mainly concentrated in the range of 88800-89500, with an estimated total liquidatable short amount of approximately $1.286 billion. Conversely, the primary concentration of long positions is in the range of 86200-86700, with an estimated total liquidatable long amount of approximately $1.762 billion. It is evident that the market is still primarily bullish.
Subscription Benefits:
At this stage, the subscription price is only 0.8 GT, and the longer the subscription period, the more cost-effective it is! Family members can enjoy market analysis trends and trading strategies for spot and contract trading by subscribing, so let's get started~ After the Labor Day holiday, the original price will be restored, and the wealth code waits for no one~
Market View:
From the current market trend, the overall rise of the market is still quite good, and it has once again reached around 88,800, which is also the highest price of the market recently. Comparing the market trends in March and early this month, it can be seen that it has now reached the resistance level. The key focus going forward is whether the market can break through to 90,000, which is also the price that the market is most concerned about.
From a technical analysis perspective, I am bullish on the overall market, and it seems relatively easy to reach $90,000. Meanwhile, the overall trend of Ethereum is still quite weak, and other altcoins are also performing generally. In contrast, the overall market is performing very strongly, which indicates that more market funds are flowing into Bitcoin, causing most altcoins to lag behind the market's pace.
In addition, it is important to pay attention to news related to Trump. If it does not break through 90,000 for a long time, it can easily be pushed down. Therefore, when operating contracts, it is necessary to be aware of the risks.