🎉 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.
From the current market data, although the technical indicators show signs of a pullback, the overall entity part remains at a relatively high position, and the lower wick is relatively short, indicating that the support below is quite strong, with limited price pullback. Although there is an upper wick, it has not significantly elongated, meaning that while there is some resistance above, it has not effectively suppressed the overall pump trend, which still maintains a strong upward trend. In the short term, the upward trend of the Bitcoin market is evident, and any pullback presents a good opportunity to go long.
Bitcoin can be entered long around 110400, and if the price further dips to 109500, you can choose to add to your position. The subsequent target looks towards the new high; for Ethereum, go long at 2750-2730, with a target near 2830.