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🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Market Outlook for the Morning of 7.21
The recent downward trend of Bitcoin has seen significant fluctuations, with the price center showing a gradual decline. It can be said that Bitcoin is being pressured by altcoins and some other coins. At such a high level, there aren't many retail investors buying in. Previously, it was high and mighty, but now it feels a bit down and out, only able to fall back to absorb chips, but it's not enough; it has to drop below 1,100,000.
Although the concubine's price has also declined, the overall upward trend has not changed. It is not ruled out that this is a tactic by the main force to lure shorts using the momentum of Bitcoin. Of course, in the short term, it is still advisable to rebound and short. We should wait for the daily support at 3600 to be broken before confirming whether to continue looking down.
Trading suggestion: Short near 117600-118000 for Bitcoin rebound, stop loss at 118500, target around 116800-116300 area, if it breaks, look for 115200-115500 area, if it doesn't break, go long.
Concubine trading suggestion: short around 3770-3780, stop loss at 3820, target around 3725, if it breaks, look at the area around 3680-3700, if it doesn't break, go long.