Currently, there is a short squeeze situation, with a long wick candle downwards, reaching the previous highest point and breaking through. The rhythm is crucial, with the boundary for the long wick candle at 86650. For now, it can be contained around 87000, and the sign for the reversal pullback to be established requires a deep break below this level.

📢 #Gate Square Writing Contest Phase 3#  is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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1.Add the #TopContentChallenge# tag to your post.
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🎊 ETH Deposit & Trading Carnival Kicks Off!
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📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
To join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)