📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Analysis: Bitcoin has returned above the 200-day MA, and the market is expected to be bullish.
According to BlockBeats news on April 27, analyst @alicharts reports that BTC has returned above the 200-day MA, which is a historically positive signal that usually indicates the price will rise further. Bitcoin formed a "death cross" on the daily chart on April 6 – a technical pattern where the 50-day MA falls below the 200-day MA. Since its inception, Bitcoin has experienced 10 such "death crosses", and the 11th is currently occurring. Analyzing the dates and durations of these "death crosses" leads to an important conclusion: every bear market includes one "death cross", but not every "death cross" results in a bear market. This distinction is key to understanding the current market landscape.