💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live 👉 https://www.gate.com/zh/announcements/article/46934
📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
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Include CandyDrop or Launchpool participation screenshot
🏆 Rewards:
🥇 1st
Bitcoin has recently shown significant fluctuation characteristics, with the price range fluctuating between 107200 and 113600, a magnitude of about 6%. This sideways consolidation has lasted for nearly half a month, and market participants are closely following the next direction.
Looking ahead to next week, Bitcoin is likely to break the current sideways deadlock and welcome a clear directional breakthrough. Regardless of whether the final breakthrough is upward or downward, investors should remain vigilant and be ready to adjust their strategies according to market changes.
If the price successfully breaks through the key resistance level of 113600, from a technical analysis perspective, Bitcoin may form a "head and shoulders bottom" pattern. Based on the predictions of this pattern, we can expect the price to rise at least to around 117500. This would be a positive signal that may indicate the beginning of a new round of increases.
However, if the price breaks below the support level of 107200, investors need not panic too much. This may be the market looking for new bottom support, and patiently waiting for the market to complete the bottom building process may be the wiser choice.
Regardless of the market direction, it is crucial to remain calm and conduct rational analysis. Closely follow market dynamics and adjust investment strategies in a timely manner to seize opportunities in this cryptocurrency market filled with both opportunities and challenges.