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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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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.
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Yesterday, I observed the IP trend and could basically determine the direction of this wave of the market — the bears haven't withdrawn yet, and the fight will continue.
The current situation is very clear: prices are consolidating sideways, and short positions above are being swept away frequently. Every rebound is met with new selling pressure, and this rhythm has repeated several times.
The key in the next few days depends on whether Bitcoin can produce a truly breakout candlestick. As long as Bitcoin confirms a downward move, IP will follow with a decline, returning to a reasonable price level.
Honestly, the volatility and rhythm of this market are not something everyone can withstand. To short effectively, you need to be early enough and maintain a steady mindset; otherwise, a few rebounds in the middle could force you to cut losses and admit defeat. This trade truly tests people, with risks and rewards both at their maximum.