🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
BTC/USDT
Trend Analysis
Current Trend: Short-term bearish trend. Price broke structure to the downside (BOS), made a lower low around the 75.7k–76k area, and is now retracing upward.
Price Zone: Retracing into the golden pocket zone (0.5–0.618 Fibonacci), which often acts as a strong resistance during a downtrend.
Volume: Very high 24hr volume indicates active participation—could lead to volatility.
Entry, SL, and TP Setup (Short Trade Idea)
Entry (Sell): Around 81,500–82,000 USDT — aligns with the equilibrium & 0.5-0.618 retracement level.
Stop Loss (SL): Above the 0.786 level or recent high — ~83,500 USDT.
Take Profit (TP):
TP1: Revisit of the recent low — around 76,000 USDT.
TP2: Potential extension to 74,000 USDT if the bearish move continues.
Key Zones
Resistance: 81.5k–83k zone (where price is heading now)
Support: 75.5k–76k zone (last demand zone)