📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
On August 3, 2025, the **latest price levels, Technical Analysis, and trading strategies** for Bitcoin (BTC) and Ethereum (ETH) are integrated, combining market dynamics and multidimensional data:
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### 📉 **Latest Price Levels and Market Overview**
1. **Bitcoin (BTC)**
-During the Asian trading session, it briefly fell below the **$112,000** support.
- **Intraday Volatility**: After hitting a low of **$112,584**, there was a slight rebound, but it did not effectively break above the resistance level of **$113,000**.
2. **Ethereum (ETH)**
- The morning session broke through the psychological level of **$3,400**, reaching a low of **$3,360**.
- **Market Correlation**: Mainstream altcoins (SOL, XRP, etc.) experienced a general decline of **3–12%**, with market sentiment leaning bearish.
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### 📉 **Analysis of Downward Driving Factors**
1. **Macroeconomic Policy Shock**
- **Global Trade Friction**: The United States has imposed tariffs on countries such as India (25%) and Turkey (15%), exacerbating the sell-off of risk assets.
- **Federal Reserve Policy Stalemate**: Core PCE inflation remains high (2.6%), with only one rate cut expected this year, and a strengthening dollar index suppresses crypto valuations.
2. **Technical Analysis Breakout and Derivative Liquidation**
- **BTC key support lost**: consecutively breaking below **$114,000** (lower edge of triangle convergence) and **$113,000** (psychological level), the next support looks at **$110,000** (strong psychological level) and **$107,000** (analyst target).
- **ETH technical deterioration**: Accelerated downward after breaking **$3,450** (Supertrend support), forming a "death cross" on the hourly chart (50EMA crossing below 200EMA).
- **Liquidation Wave Continues**: $545 million in liquidations across the network in the last 24 hours, with long positions accounting for **90%** ($491 million), and ETH leading in liquidation volume.
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### 📊 **Technical Analysis and Key Levels**
| **Asset** | **Support Level** | **Resistance Level** | **Technical Signal** |
|----------|--------------------------|--------------------------|------------------------------------------|
| **BTC** | **$112,000** (psychological level) | **$113,800** (4H MA50) | RSI **30** (oversold area), MACD histogram accelerating downward |
| | **$110,000** (strong support) | **$115,500** (previous high resistance) | If the daily close is below **$112,000**, or triggers a test of **$107,000** |
| **ETH** | **$3,360** (daily low) | **$3,480** (4H MA20) | RSI **22** (extremely oversold), short-term rebound demand may exist |
| | **$3,300** (structural support) | **$3,500** (psychological resistance) | If it falls below **$3,360**, the target looks down to **$3,250** (200-day moving average) |
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### 💡 **Trading Strategy Recommendations**
| **Underlying** | **Direction** | **Entry Point** | **Target/Stop Loss** | **Logical Basis** |
|----------|---------------|------------------------|-----------------------|--------------------------------|
| **BTC** | **Short on Bounce** | **$113,800** (Rebound Confirmation) | Target: $110,000; Stop Loss: $115,000 | Resistance Level Under Pressure, Bearish Trend Not Reversed |
| | **Emergency Drop Betting Long**| **$110,000** (Strong Support) | Target: $112,500; Stop Loss: $108,500 | Oversold Rebound Opportunity, Light Position Try Long |
| **ETH** | **Bearish Breakdown** | **$3,360** (valid breakdown) | Target: $3,250; Stop loss: $3,420 | Technical breakdown continuation, bearish momentum strengthening |
| | **Oversold Bounce** | **$3,300**(RSI<20) | Target: $3,450; Stop Loss: $3,250 | Extreme Oversold Area, Short-term Bounce Attempt |
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### ⚠️ **Key Risk Warning**
1. **Increased Volatility**: Pay attention to Trump's policy statements and the correlation with US stocks during the European and American trading sessions (the NASDAQ fell **2.24%** overnight).
2. **Derivatives Leverage Risk**: The total outstanding contracts on the entire network reach **$34.1 billion** (historical high), beware of liquidation amplifying the decline.
3. **Lack of Bottom Confirmation Signals**: 90% of BTC supply is still profitable, and further selling by institutions may trigger a sell-off.
> 💎 **Summary**: The market is in a deep correction phase, with **BTC $110,000** and **ETH $3,300** being key bullish and bearish dividing lines. The short-term strategy focuses on shorting on rebounds, and in case of a sharp drop, light positions can be taken to speculate on rebounds, with strict stop-losses to avoid event risks (such as Federal Reserve speeches, geopolitical conflicts). #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布#