Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
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
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
Stock Futures
High leverage, 24/7 trading
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
tag
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
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
Gate Learn
Crypto guides and educational resources
Gate Blog
Crypto insights and industry updates
Gate Research
In-depth research and market analysis
More
Promotions
AI
Others
TradFi（新）
Rewards
Square
Following
Hot
News
Profile
Post

GM


$BTC 1W Chart
Watching price action closely around the 200 Week MA, this week looks like it's about to break below it.
This setup feels familiar. Back in Summer 2022, price lost the 200MA in June, attempted a recovery in July & that bounce failed, leading to further downside.
Right now, structure is playing out in a similar way. If history rhymes here too, I wouldn't be surprised to see lower lows before any real reversal.
Not financial advice, just tracking the chart and sharing what I'm seeing.
Staying cautious here and waiting for confirmation before calling a bottom.
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BTCBTC+0.87%
  • 3
Add a comment
Add a comment
Comment
ApprovalAvoider
2026-08-08
I made a comparison: In June 2022, it broke below support, rebounded in July on low volume, and continued its gradual decline in August; the current pattern is almost identical. But there is one variable—the on-chain token distribution shows whales accumulating, so a sharp wick down followed by a rally cannot be ruled out. Either way, make sure your stop-loss is in place, because history never repeats itself exactly.
0View Original
PumpFunSurvivor
2026-08-06
In the short term, watch the 200-week moving average; in the long term, it is not support at all, just a moving average. A real bottom is formed by the market’s despair-driven sell-off, not by drawing lines.
0View Original
SolanaCharger
2026-08-05
Agreed, no lowball offers accepted before confirmation.
0View Original
ColdStartUnderTheAurora
2026-08-05
History does not simply repeat, but it inevitably rhymes.
0View Original
GlassBottleFeather
2026-08-05
The July 2022 rebound looked pretty strong, but it still broke down. If the weekly candle fails to reclaim the 200MA this time, those calling for a bottom in the comments may well get cut again.
0View Original
CrossChainMessenger
2026-08-05
Falling below the 200-week moving average is not important; what matters is support and trading volume.
0View Original
SlothGas
2026-08-05
First Review
Don’t rush to buy the dip. That year’s rebound was an exit rally; sentiment is even colder now, and a lower low is entirely possible.
0View Original

Trending Topics

#OneGateWitnessProgram

38.07k Views2.43k Discussing

#USSeptemberJobs29K

41.46k Views348 Discussing

#CorePCEandGDPFinalReading

103.12k Views1.5k Discussing

#Three LaunchpoThree Launchpools Live Simultaneously, Share Millions in Airdropsols Live Simultaneously, Share Millions in Airdrops

74.86k Views2.04k Discussing

#Anthropic Discloses $84.5B Compute Deal with SpaceX

18.35k Views1.95k Discussing

#ETH Earnings Up to 5% Bonus APR

59.91k Views1.04k Discussing

#MicronReportQ4Earnings

1.51k Views911 Discussing

#US 30-Year Treasury Yield Hits 5.595%, Highest Since 2002

17.03k Views119 Discussing

#BrentTops$106USTalksStall

3.07k Views752 Discussing

#OpenAIAnnualRecurringRevenueNears$70B

21.3k Views1.26k Discussing

Sitemap