💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
#内容挖矿更新 From the latest market dynamics, the previous optimistic expectations around interest rate cuts have been denied by market performance. Originally, under the generally bullish sentiment in the market, Bitcoin did not rise but instead fell, with the price sliding down to around 109000, confirming the judgments of the short positions.
Current market condition analysis shows that there has not been a significant rebound after the decline, only presenting regular repair characteristics. The hourly chart clearly shows a trend dominated by short positions - after each price surge, it fails to stabilize and falls back again. In the short term, there is a lack of rebound momentum, and the market tends to continue to decline.
The technical analysis indicates that the range of 110500 to 111500 may become a new resistance area, suitable for considering short positions. The initial support target below focuses on the level around 108000. If the 109000 support is effectively broken, the price may seek lower support levels. Currently, following the short positions trend is a relatively wise choice. $BTC $ETH $BNB