📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Thursday, April 10, 2025. Good afternoon, fellow coin friends ☀ hardcore fan daily attendance 👍 Like and get rich 🍗🍗🌹🌹
==================================
💎
💎
==================================
Trump announced a 10% tariff reduction for 75 compliant countries and postponed the implementation of reciprocal tariffs for 90 days, directly leading to a retaliatory rebound in the U.S. stock market. Trump eased the implementation of reciprocal trade measures, with all three major U.S. indices closing significantly up. The Nasdaq recorded its largest single-day increase since 2001, rising 12.16%. The Dow Jones rose 7.87%, marking its largest single-day increase since March 24, 2020. The S&P 500 rose 9.52%, the largest single-day increase since October 28, 2008. The Russell 2000 index rose 8.66%, the largest single-day increase since March 24, 2020. A wave of retaliatory reversal in the early morning revived the market. The crypto market also rebounded across the board, with Bitcoin breaking through 83000 and Ethereum surpassing 1600!
==================================
💎
💎
==================================
Early this morning, Trump signaled a suspension of tariffs, and this wave of super positive news was also successful, pulling the price of Bitcoin from 78000 to the current high of 83500. From the current trend, the morning hit a maximum of 83500, and this violent rise has nearly 5000 points of space. Usually, after such a large surge, the market is highly likely to see a pullback, and the price is unlikely to continue rising unilaterally. It is expected that Bitcoin will first experience a pullback this morning, followed by a potential new round of upward movement. Therefore, we can attempt to short at the current position, with an initial target looking towards 82000. If the Bitcoin price stabilizes around 82000, then the subsequent coin price is expected to continue to surge upwards. Analyzing from the hourly K-line chart, the current market trend seems to show signs of a shift between bulls and bears. Although from a technical structure perspective, the relevant indicators show a golden cross and are diverging upwards, it should be noted that this round of price increase is largely influenced by news. Therefore, when the price is at a high level, investors should try to avoid chasing the rise and be wary of the risk of price corrections. In terms of operational strategy, it is recommended to wait for price pullbacks and confirm support levels before mainly taking long positions on dips, as this strategy is relatively safer.
==================================
💎
💎
==================================
Ethereum rebounded after hitting a low of 1440 in the evening, currently rising to a maximum of 1688. Despite the market sentiment becoming cautious, the price has shown strong upward momentum, ultimately forming a distinct W bottom pattern on the price chart. According to the Bollinger Bands indicator, the price is oscillating overall in the range below the middle band, indicating that the market is waiting for clearer directional guidance. It is worth noting that every time the price approaches the key resistance level of the middle band, it faces significant suppression. In the evening, stimulated by adjustments in tariff policies, a powerful breakout momentum was exhibited, successfully breaking through the middle band and attempting to reach the upper band. As of now, the price is fluctuating below the upper band, which suggests that the market may be accumulating new upward momentum. Considering the technical overbought situation caused by the rapid price increase recently, it is expected that there will be a necessary correction and consolidation process during the daytime trading session.