🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
BTC$BTC trend analysis🧐
Support and Resistance
Short-term support: 117,395.6 (24h low) → If it falls below, it may test 115,774.3 (recent low).
Short-term resistance: 118,626.7 (MA10) → After breaking through, it may test 119,692.8 (24h highest).
Operation idea: (for reference only)
⚠️Conservative Strategy:
Watching: The price is in the area where moving averages are intertwined, the direction is unclear, waiting for a breakout above MA10 or a drop below 117,395.6 before following up.
Stop-loss reference: If holding a long position, set the stop-loss below 117,300; for a short position, set the stop-loss above 119,700.
⚠️Aggressive Strategy:
Shorting Opportunity: Lightly short near the current price, target 117,400, stop loss 118,300 (above MA5).
Long opportunity: If the price stabilizes at 118,243.3 (MA20) and the volume increases, a small long position can be taken, targeting 119,000.