🎉 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#
BTC/USDT
1. Trend Analysis:
The main trend is upward (bullish structure) because:
There was a Break of Structure (BoS) to the upside.
You can see a strong rally previously and a healthy pullback.
However, there was also an internal Change of Character (I-ChoCH) indicating some short-term bearishness, but price respected the 0.236 Fibonacci retracement and bounced up again.
The price is currently challenging the Area of Interest (red zone near 95,000), which is a previous supply zone. This could act as resistance.
2. Entry Strategy:
Safer Entry: After a confirmed breakout and retest of the 95,000 level (Area of Interest) — Wait for a candle close above it on 4H.
Aggressive Entry: You could already consider a long from current price (94,800 zone) targeting continuation upwards, because price rejected the lower zone strongly.
3. Take Profit (TP) and Stop Loss (SL):
4. Summary:
Trend: Bullish
Entry Options:
Safer: Break and retest 95,000
Aggressive: Now (94,800 zone)
Target: 95,500–96,000
Stop Loss: 94,200–94,400 depending on