Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
🚀 Bitcoin Weekly TA – Wave 5 Setup?
Bitcoin continues to respect the Elliott Wave structure and is now consolidating after touching the $124K high. This looks like a textbook setup for the final Wave (5) rally.
✅BTC currently trading around $110K.
Immediate support levels:
🔹 $109K (short-term)
🔹 $98K (major weekly support)
❗️Resistance: A weekly close above $120K will confirm the breakout toward the next leg higher.
📈 Technical Indicators:
✅ MACD: Cooling momentum, but this exact setup happened before.
- In Jan 2024, BTC formed a shooting star + doji with a fading MACD, which looked bearish. Instead, price ignored the weak signal and pumped massively.
- Now (Aug 2025), MACD is again flattening while price stays strong in range. This could be another fake bearish signal, trapping shorts before breakout.
✅RSI (55.31): Neutral zone, leaving plenty of upside room for a parabolic move.
🧠 Market Sentiment & Fundamentals:
- Higher lows remain intact since the $70K correction (Wave 4).
- Fed expected to deliver 3–4 rate cuts in next 6 FOMC meetings.
- Liquidity injection from U.S. fiscal stimulus (Trump’s “Big Beautiful Bill”).
- Global M2 money supply expanding.
- Despite geopolitical risks & tariffs, markets remain resilient.
🎯 Outlook
As long as BTC holds above $109K, Wave (5) targets remain $160K–$200K into early 2026.
👉 Dips = opportunities. Bulls in control unless $98K breaks.
#WeeklyHighlightPosts