💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
This Monday, the Crypto Assets market experienced a widespread pullback, with market sentiment leaning towards pessimism. As the US stock market opened and continued to fall, the panic in the Crypto Assets market intensified, causing the prices of multiple coins to drop below important support levels.
In terms of Bitcoin, this round of fall has broken through the daily level's key support level of 110400. From a technical perspective, the four-hour chart shows that the MACD double lines remain below the zero axis, indicating an increase in bearish strength, with the moving average system showing a bearish arrangement and trading volume significantly shrinking. These signs suggest that the downtrend may continue. Investors should closely monitor the 110700 resistance level. If the four-hour K-line can stabilize above this level, it may indicate that the downtrend is about to halt. Currently, it is not recommended to hastily bottom fish, and bullish investors need to pay attention to whether there are signs of stabilization in the range of 106500-107500.
Ethereum had previously seen strong gains, but has also experienced a significant pullback recently. The daily chart shows large bearish candles, breaking through two important support levels consecutively, with bearish patterns appearing across various time frames. To determine if the bulls may recover, attention should be paid to the resistance level around 4390. If the four-hour candlestick can effectively close above this level, it may signal a recovery of bullish momentum.
For the current market, investors need to maintain a cautious attitude. If considering trading, attention can be focused on the following points:
1. In terms of Bitcoin, you can consider shorting around 110500, with a stop-loss set at 111500 and a target price near 108800. If it doesn't break the support level, you might consider switching to a long position.
2. Regarding Ethereum, a short position can be considered around 4400, with a stop-loss set at 4460 and a target level around 4280. Similarly, if the support level holds, a long position may be considered.
It is important to emphasize that the Crypto Assets market is ever-changing, and specific entry and exit points should be flexibly adjusted according to real-time market conditions. Regardless of how well one grasps the market, it is essential to strictly implement profit-taking and stop-loss strategies to control risks. In this uncertain market, maintaining rationality and patience is crucial.