🎉 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
BTC touched a low of 117301 last night before stopping the fall and starting a rebound, confirming its support was effective. It then entered a trading range oscillation pattern, alternating between 118700-117300 in the evening, providing good trading opportunities. We also timely analyzed and organized this information before the market conditions arrived, very accurately. As of the early morning period, when Ether fell to the 3527 level, a reversal trend was completed, and BTC's oscillation range moved up, with 118500 re-establishing a key short-term support level. From midnight to morning, we also seized the opportunity decisively and entered the market, achieving a notable 2000 points in profit. Planning well and strictly executing it, while avoiding risky plans outside of our strategy, is essential to steadily progress on the journey in the crypto world.
Currently, the BTC daily structure shows a strong bottom support. Recently, each time the price reaches a key support level, it can quickly start a rebound trend, with candlestick patterns frequently showing long lower shadows, and the closing price consistently maintaining at the central price level. Although yesterday recorded a medium bearish candlestick, the support line below remains solid, and the price drop has not broken the previous low, indicating that the market's bullish strength still dominates. The Ether trend resonates with Bitcoin, and although this round of correction is slightly deeper, the overall trend remains above the support range, and the upward pattern has not changed. The intraday strategy can capture the continuation opportunities of the price rebounding from the bottom, with a focus on the breakthrough and stabilization of the key resistance level above. Currently, the market volatility is increasing, and there is considerable profit space for both bullish and bearish positions. It is recommended to plan light positions when the price approaches previous highs. Due to the rapid changes in the market, actual operations need to be adjusted flexibly based on real-time conditions, with strict control over entry timing and position management.
BTC around 118500-118800 can continue to fall, with a short-term key level at 119500. If it breaks, it will continue to look towards 120000. Ether around 3630 can fall, with the target looking towards 3700.