Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 2/2 The current market shows a range-bound consolidation pattern, with both technical and external factors indicating a lack of a clear trend direction in the short term. Technical analysis shows that although the hammer candlestick pattern and short-term moving average convergence may trigger a rebound in the short term, the extreme contraction of trading volume severely limits the sustainability of price fluctuations. Additionally, the widening of the Bollinger Bands indicates that market volatility may increase, but since trend indicators show a bearish alignment, the price direction remains uncertain. Given that the market is currently in a range-bound state and the price is approaching the strong resistance zone at 77934.4, combined with the extremely reduced trading volume limiting the continuation of upward breakthroughs, adopting a strategy of shorting near resistance levels is a prudent choice. Therefore, subsequent trading suggestions focus on rebounds: consider shorting around 76500-77000 for Bitcoin with a target of 74500-74000, and around 2250-2270 for Ethereum with a target of 2180-2130.