New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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BTC and ETH latest market trend analysis: As of 10/19, the current market is in a downtrend. The technical indicators show that the price is located below the moving average system, with both short-term and long-term moving averages sloping downward, and momentum weakening, indicating a bearish trend. The price is currently hovering around the key support level of 106000; if this support level is broken, it may further test the secondary support at 101516.5. Nevertheless, the trading volume has not effectively increased, indicating a relatively subdued market sentiment, which may limit the further downside potential. The current market is in a downtrend, with the price below the moving averages and showing a bearish arrangement, momentum weakening, indicating a bearish trend. The price may encounter selling pressure near the strong resistance level of 110000. Considering the neutral market sentiment and the unhealthy relationship between volume and price, adopting a high-sell shorting strategy is a reasonable choice that aligns with the trend. Analyst Xiao Ma's diary operational suggestion:
BTC: Enter short positions around 107800-108500, with a short-term target near 106000. If it breaks, look for 105000.
ETH: Enter short around 3940-3960, short-term target near 3850, if it breaks look at 38000 #加密市场回调