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- Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
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Dare to trade. Dare to win.
Traders are going long on ETH again, stating that $113,000 BTC and $3,500 ETH are ideal positions to build a position.
[Bitu] Trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on ETH again. The bullish sentiment for August has been prematurely embraced by the market, but the reasonable build a position levels are $113,000 for BTC and $3,500 for ETH, with stop loss set at $112,000 and below $3,400.
Although the hype around the data availability technology (DAT) may gradually fade, there is still substantial structural buying in the current market, so it is not advisable to quickly turn bearish. Many people oscillate between the return of a bull market and a complete collapse, failing to realize that the market is not a binary direction of either/or.