🎉 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.
August 2nd ETH evening thoughts:
U.S. stocks weakened due to disappointing non-farm payrolls and Trump's "reciprocal tariffs" impact, with the Nasdaq falling over 2%. Coupled with macro sentiments, the market may enter a 2-3 month adjustment period, where bearish forces are expected to be released.
Technical outlook is bearish: The price is moving along the lower Bollinger Band of the four-hour chart, following a large bearish candle with no volume recovery. The Bollinger Band is widening downwards, with no clear support and no bottom in sight. The strategy remains to short on rallies throughout the day.
Suggestion: Short ETH in the range of 3550 - 3580, aiming first for 3400 - 3320, with a long-term target of 3100. #ETH#