🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
In the context of continuous Fluctuation in the Crypto Assets market, Bitcoin (BTC) is showing a slight fall today. According to the latest data, the BTC price is reported at 109,321.38 USD, down 142.30 USD from 24 hours ago, with a decrease of 0.13%. The intraday trading range fluctuated between 109,030.41 USD and 110,300.00 USD, with an intraday Fluctuation of 1.16%. The trading volume for the day reached 50.42 billion USD, indicating that market activity remains vibrant.
From a technical analysis perspective, multiple indicators are showing different market signals. The MACD indicator has formed a death cross pattern, where the MACD line crosses below the signal line, and the histogram has shifted from positive to negative, which is typically seen as a potential bearish signal. However, the KDJ indicator is currently in a neutral position with a value of 32, providing no clear directional guidance. It is noteworthy that the RSI indicator has dropped below 30, and this oversold region may indicate the possibility of a technical rebound in the short term.
Currently, market participants are closely watching the latest statements from Federal Reserve officials and the upcoming PCE (Personal Consumption Expenditures) data, as these factors may influence Bitcoin's short-term price trends. Meanwhile, remarks from industry notable Michael Saylor have also drawn market attention, with some analysts suggesting that this may indicate a continued optimism among institutional investors regarding BTC.
In the current market environment, investors have differing views on the future trend of Bitcoin. Some believe that the current adjustment has not yet ended and may further decline; others argue that, given the oversold state of technical indicators, Bitcoin may soon experience a rebound. In any case, when making investment decisions, it is still necessary to cautiously assess market risks and consider various factors comprehensively.