Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
3.21 Saturday Morning Market Analysis by Mufeng
Yesterday, Bitcoin surged to the 71500 area but faced resistance and pulled back. Bears capitalized on the momentum, with prices dipping to the 69300 level where they stabilized. Current price is trading around 70600.
The short bias strategy provided yesterday was successfully executed. Although the market decline didn't reach expected levels, the directional prediction was accurate, and profit margins remain substantial.
Offshore markets weakened significantly, with US stocks and gold experiencing sharp declines simultaneously. In comparison, the crypto market shows clear signs of institutional support. Based on historical correlations, given such a sharp decline in the NASDAQ, crypto prices would typically have tested the 68000-67300 range. This round of movement has shown exceptional resilience.
Weekend market correction probability is elevated. Overall trading strategy remains primarily short-biased.
Trading Strategy
Bitcoin: Short at 71500 and 71000, targets 69000
Ethereum: Short in batches at 2180 and 2150, targets 2000