📈 Market Insights Weekly: Weekly Forecast Challenge

This Week’s Theme: #WillBTCHit120K
📅 Event Period: Oct 28 – Nov 2, 24:00 (UTC+8)

💡 What to Do:
Share your market view on this week’s theme: #WillBTCHit120K ?
👉 Explain your reasoning—whether through technical analysis, macro trends, on-chain data, or market sentiment. Show your unique insight!

🏆 Rewards (Total $1000 in Position Vouchers)
🥇 Top Insight (3 winners): $150 position voucher
🥈 Excellent Analysis (6 winners): $50 position voucher
🥉 Active Analyst (10 winners): $25 position voucher
✍️ How to Participate:
1️⃣ Follow @Gate_Square
2️⃣ Post on Gate Square with the hashtag #WillBTCHit120K
3️⃣ Include in your post:
Your judgment: Yes / No
Brief reasoning or supporting data (e.g., candlestick trends, market sentiment, position changes)
Optional: Attach charts or screenshots for extra points
✨ Outstanding posts will be officially featured on Gate Square!

Example Post:
I believe #WillBTCHit120K this week.
📈 From a technical perspective, the daily chart remains bullish with a clear uptrend.
🔹 Fed rate-cut expectations are rising, improving liquidity.
🔹 Strong ETF inflows indicate institutional demand.
If BTC holds above the $118K support zone, a breakout toward $120K+ looks highly possible.