Trade
Trading Type
Spot
Trade crypto freely
Alpha
Points
Get promising tokens in streamlined on-chain trading
Pre-Market
Trade new tokens before they are officially listed
Margin
Magnify your profit with leverage
Convert & Block Trading
0 Fees
Trade any size with no fees and no slippage
Leveraged Tokens
Get exposure to leveraged positions simply
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
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
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-Stop Lending Hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
- Trending TopicsView More
236.5K Popularity
33.56K Popularity
161 Popularity
5.42K Popularity
5.19K Popularity
- Pin
#Bitcoin#
🔹️How much further can the decline continue?
🔹️Where is the support?
🔹️Where is the resistance?
I'm sure there are friends who remember this weekly chart that I shared a long time ago.
Now, let's take another look at this graph, if you want.
Firstly, I mentioned that it formed a nice Inverse Head and Shoulders pattern from 2021 to November 2024, and I noted it on the chart as well. The target of this pattern is above 300K, but I don't want to discuss it in this environment and get a reaction.
On the other hand, I would like to mention how well the levels I provided in November 2024 worked with the Fib Extension tool, which I use to determine targets after ATH or to confirm formation targets and find very useful.
I pulled this tool from the 15K bottom level to the 73.7K peak and then to the 49K correction. You can do the same.
You can see how well this fib tool's levels, namely 107.3K and then 123K, are working.
Anyway, I summarized it a bit more for those who don't remember or are following later.
If we look at the current situation,
Firstly, the range of 101-102K is an important support on the daily chart, but when looking at the shared chart on a weekly basis, the support at 107.3K has been broken, and as long as it remains below this support, the next support level will be 94.8K.
So in summary
🔴
🔹️102K our first support level
🔹️94.8K a lower support area
🟢
🔹️Our first resistance that needs to be surpassed is 107.3K.
🔹️112K will be our next resistance.
I tried to explain as simply as I could, but it turned out to be a bit long. I hope it has clarified things in your minds a little.
Even though there are those who unfollow when I say this, I will continue to say what I believe and what I know to be true.
I have complete faith in the market, yes, the downturns and manipulations have hurt us a lot, but #Crypto has survived many hardships and has managed to stand tall and live its bull run each time. I have no doubt it will be the same again.
Can I get a like support from all friends who read this far?
You are loved🤗