#我在Gate广场过新年 Market Summary for Today—Is Now the Time to Short?
Today, Bitcoin finally showed some strength. After falling to around 65,600 in the early hours, it rebounded strongly, surging over 2,000 points, with a high rebound to the 68,200 level, then topping out and falling back. Later in the evening, a decline occurred. ETH performed weaker, essentially "absent" from this rebound, with a high only reaching $1,972, now closing at $1,943. So, is now the time to short? I believe short-term, yes.
1. Technical Indicators:
On the 4-hour chart, Bitcoin failed to break through the long-term mov