🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
From the overall market data perspective, BTC's upward movement encountered strong resistance at the 110,000 mark. Although it reached above this level twice, it did not stabilize and quickly fell back into a range adjustment.
On the four-hour chart, after a series of bullish candles, it has entered a key battle between bulls and bears, facing strong resistance from the upper band, severely hampering upward movement; however, there isn't much room for downward movement either. After breaking below 109000, it quickly rebounded, showing clear signs of sideways adjustment. There is a slight divergence in technical indicators, with the three KDJ lines showing a trend of downward intersection and convergence, while the MACD is slightly trending upwards, which is also an important sign of short-term sideways adjustment.
The long and short game on the hourly chart is becoming more apparent, with long shadows left after the close. The three lines tend to run parallel, and the oscillation range is gradually converging, reaching a critical stage for choosing a reversal.
In the morning, the BTC reference is around 108000 for long positions, aiming for 110000; the reference for Aunt is around 2510 for long positions, aiming for 2600.