Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
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.
![Spring Festival merchandise](https://exampl
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As gold and silver prices decline, funds have not flowed into the crypto market. The fact that the entire market is facing liquidity exhaustion is clear. A major shakeout is likely to occur, and the market is essentially a bad hand; only by reshuffling can there be new opportunities. This is a true reflection of the current market. Recently, I have been entering cautiously, as the downtrend is hard to reverse, and we need to wait for the shakeout to pass before new opportunities emerge.
Bitcoin and Ethereum have experienced especially large fluctuations in the past two days. Ethereum is currently facing the $2000 support level and shows signs of stabilizing and rebounding. The resistance above is around $2250, and there is still a high probability of further decline. Bitcoin has reached around 70,000, and the market's decline could soon see Bitcoin prices starting with 6. There are signs of a rebound now. In a downtrend, any buy-in will result in losses, just varying in size. Currently, there are no good opportunities in this circle. Staying still and living well is enough to outperform most of the market.