🎉 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.
Market Analysis
Maybe it's the second exploration
Before the US market opened, there was a "mini flash crash" to the 113400 level. In my opinion, although it didn't pull back to the anticipated 1133-1128 range, it was very close. I generally consider it to be the end of a double test, and currently, there's a small V shape in the pre-market. If the upward trend is to continue, it must not return to the 1134 level again.
If the upward trend continues, the upper resistance remains at 116, and breaking through 1163 will lead to upper resistance at 1172.
If it drops, it may either be a V recovery after sweeping the low of 1119, or it may directly break down to 110,000 in two scenarios.
Even if Bitcoin hits a new low, altcoins are unlikely to hit a new low, indicating a situation of "relative resilience".
This article is sponsored by #BCGAME|@bcgame @bcgamecoin