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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 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
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its - 🎉 Attention Alpha fans! Alpha’s latest TAG airdrop goes live today at 10 AM—first come, first served!
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Let’s go! See you tonight: https://www.gate.com/announcements/article - 🎉 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.
Market analysis for today
BTC
The performance of this Bitcoin is very weak. It has tried to break through several times, but it can't rise above around 109200. The first resistance level at 109600 couldn't be breached either. However, Auntie has taken several short positions in the range of 2600-26300, and only Auntie has managed to profit from it. Currently, the Bitcoin price has fallen back to the daily defense support near 108000, which is the last support for the bullish pattern. If it breaks, the market will enter a daily-level downtrend, with a target near 105000. The trading strategy for today should focus on shorting at high levels, while paying attention to 109600, 110400, and 111800. Aggressive shorts can be attempted in the range of 108500-9000, with a stop loss at 109200. Remember to bring a stop-loss, with lower target supports at 107500, 106500, and 105000.
ETH
The pressure near 2630 for the second surge of the secondary wife has been reached. Those who took short positions are currently in profit. Just manage to secure profits. The resistance for intra-day rebounds is still looking at 2630 and 2680. If it can surge again, keep an eye on short positions and control your position size. The target support below is 2568, and if it breaks, look at 2530, 2500, and 2480.
SOL
The overall SOL is also in a range-bound fluctuation, with little movement up and down. The intraday rebound resistance is at 154, 156, and 160. Short positions can be monitored near these resistance levels. The daily support is at 150. If it breaks, the market will experience a wave of daily-level decline, with target support at 147, 145, and 140.