📰 Gate Square Daily | August 20
Today’s top stories are all here.
So, what’s next for the market?
👇 Head over to Gate Square and see what everyone’s talking about.
$BTC $GT $ETH

Key levels for longs: 68000-68500. If the price holds on the pullback, the bullish trend will continue, with a target of 70000-70450.
Key levels for shorts: 69500-70000. If the rebound meets resistance, bears will take control, with a target of 68000-67500.
BTC rallied all the way from 62484 to 70450, gaining over 12%. It broke through multiple resistance levels at 64000, 66000, and 68000, showing that the bulls are indeed strong. However, after spiking to 70450, it posted consecutive bearish candles and pulled back, while the RSI turned down after reaching the overbought zone—the bulls and be

🌍 CRYPTO MARKET ANALYSIS: BITCOIN BREAKS OUT, BUT IS THE MARKET READY TO RUN?
The crypto market has taken a sharp turn higher today.
₿ BTC: ~$69.3K | 📈 +7.8%
♦️ ETH: ~$2.26K | 📈 +18.2%
🟡 BNB: ~$625 | 📈 +3.8%
🟣 SOL: ~$84.9 | 📈 +10.5%
✕ XRP: ~$1.10 | 📈 +10.7%
Bitcoin has pushed above $69K, reaching its highest level since early June. The move follows yesterday's sharp breakout and has now spread across major altcoins.
🔥 WHY THE MARKET IS MOVING
One major catalyst is the U.S. Treasury's decision to increase long-dated bond buybacks from $2B to $4B. The announcement pushed long-term Treas

On August 20, 2026, after Bitcoin futures underwent an epic short squeeze, the price violently surged from around $64,000 to approximately $69,500, with the 24-hour gain briefly exceeding 8%. The market shifted from “deeply depressed sentiment” to “euphoric sentiment,” but short-term risks and divergence emerged as well.
📊 Key Levels in the Long-Short Battle
· Current price: A pullback from the highs occurred after reaching approximately $69,800 - $70,000.
· Strong resistance above: $72,000 - $75,000 is the next major technical resistance zone.
· Key support below: The first support zone is $

JUST IN: Goldman’s Hatzius says September rate hike looks unlikely unless August data defies trend. A softer labor market, cooler consumer momentum, and improving core PCE support the case for a hold. $SPX $GOLD $USDT (if relevant)

📊 8.20 Review: Explosive gains across the board!
Bitcoin 69,305 breaks through
Support 67,500, resistance 70,000
If it holds, look to 72,000
Ethereum 2,253 surges 18%
Support 2,150, resistance 2,300
SOL and XRP follow higher; don't chase, wait for a pullback
Gold 4,494 approaches 4,500
If it breaks, look to 4,600; support 4,400
SK Hynix 1,202 rebounds 10%, semiconductors stop falling
SNDK 1,599, hold 1,580
Volatility intensifies after the sharp gains; don't be fully positioned.
For personal research purposes only; this does not constitute investment advice. You are responsible for your own ga

Thursday BTC Morning Brief:
This move $BTC has indeed been fierce! It reached a high of 70,450 last night, a 6,000-point gain, triggering over $1 billion in liquidations in a single hour!
A sharp rise, but is the bull market back?
Around 69,500 is exactly where the 200-day moving average lies, making this level extremely important.
Only if it can truly hold above 69,500 will I look further toward 73,000–75,000;
If it fails to hold after a surge, I think a pullback to 67,000–68,000 to seek support would be completely normal.
Now let's look at the broader picture:
The Bank of Japan may adjust i

New Gate contract listing: $MRNA (Moderna, Inc.)
🔹 Trading pair: $MRNA / $USDT
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Trade: https://www.gate.com/zh/futures/USDT/MRNA_USDT
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$SHIB ‌ — Building Higher Lows, Awaiting Confirmation
Let's go through what the charts are showing for Shiba Inu.
SHIB is currently in a bullish structure with higher highs and higher lows forming. The trend is moderate, and momentum is sitting at 69/100 — a solid reading that suggests buyers are present but not yet aggressive. However, volume is weak, and the breakout is still unconfirmed. One requirement remains unmet, so the setup is not yet active.
The price is trading around support and resistance at the same level — $0.000005 — which makes this a very tight range. Support is very strong

$ETH I would interpret this large bullish candle as the result of multiple forces resonating, rather than a single piece of positive news pushing the price up. 🔥The initial spark came from macro factors. The U.S. Treasury expanded its buybacks of long-term Treasury bonds, while yields and the dollar fell in tandem, giving the entire risk market a sudden sigh of relief. On top of that, U.S. spot $ETH ETF net inflows were approximately $71.4 million on August 18, and the SEC introduced new proposed rules for crypto assets, heating up both capital flows and sentiment. On the ecosystem side, the

In a choppy market, not every trade will go as hoped.
The key is to lock in profits promptly, cut losses decisively, and use risk control to maintain the overall rhythm. #BTC升破70000美元日内涨幅8.3% #黄金 .

JUST IN: Glassnode says Bitcoin remains in capitulation, with short-term holder cost basis around $68.5k and a ~25% max unrealized loss—suggesting a mild, dispersed drawdown and a longer bottoming process. $BTC

It’s not about only doing “duō” and not doing “kōng”; it’s about doing “kōng” with a plan.
Do “kōng” at the right levels!
Do “kōng” around 69,800; the low reaches 68,900!
Take 900 “diǎn” first and reduce the position!
#BTC升破70000美元日内涨幅8.3%

please check on your local bear.

$SUI ‌— Choppy Market, Waiting for Breakout Confirmation
Let's go through what the charts are showing for Sui.
SUI is currently in a choppy market with frequent reversals and increased false breakouts. The structure is neutral, but the trend is strong — and momentum is sitting at a healthy 75/100. Volume is moderate, and the setup is leaning toward a long position, but one requirement remains unmet — the breakout is still unconfirmed.
The price is trading between strong support at $0.6655 and moderate resistance at $0.7361. Support is holding for now, but resistance is the key level to watch.

allegedly these two were recently spotted, both @CryptoGarga and @GordonGoner, at their new jobs after losing the @yugalabs entire bankroll and quitting social media.

Bullish key: 68000-68500; if the pullback holds, bulls continue, target 70000-70450
Bearish key: 69500-70000; if the rebound faces resistance, bears take over, target 68000-67500
BTC surged from 62484 all the way to 70450, gaining over 12%. It broke through multiple resistance levels at 64000, 66000, and 68000, and the bulls were indeed fierce. But after spiking to 70450, it closed lower for several consecutive sessions, while RSI turned down after touching the overbought zone—the bulls and bears have reached the real deciding moment. Don’t take sides; wait for the direction and follow the win