Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Is there still hope for BTC to rebound? What is the bottoming point for BNB in the bear market? Can fans' coins still be bought?
Currently, BTC is in a terrible market, fluctuating back and forth. Whether in spot or futures markets, liquidity is extremely scarce. A few days ago, I mentioned that the $60,000 level is a phase bottom, followed by a downward consolidation zone.
I also said this is similar to the first wave of BTC's downward trend, after a sharp drop from 116,000 to 80,000. During the 3-4 week correction period, it rebounded up to 20%. The rebound from the 60,000 level corresponds to around 72,000.
A couple of days ago, BTC rebounded from 60,000 to a peak of 72,200.
In the short term, I estimate this kind of fluctuation will become wider, perhaps dropping to around 59,000 or 58,000, then rising back to around 73,000 or 74,000. And so on, continuously sweeping stop-loss orders.
The so-called stop-loss sweep means targeting the stop-loss lines of many long or short futures contracts to cause price pinning in the spot market. This results in contract liquidation, forced stop-loss, and exit.
Therefore, for futures trading, short-term levels of 65,000 and 58,000–60,000 are two points worth betting on for medium- to long-term long positions, with a slightly larger stop-loss. The upside target is 72,000; only if this level holds can we challenge the key resistance at 75,000.