#夏日创作营 The Farewell of the Inventor of Perpetual Futures: Why BitX Ended Up Here
On July 23, the well-established crypto derivatives exchange BitX announced that it would officially permanently shut down on September 23 at 04:00 (UTC) and had immediately stopped accepting new user registrations. Its parent company, HDR Global Trading Limited, said this decision was made after a strategic review of its business and the entire crypto industry. Starting August 26, BitX will implement position limits—no new positions will be allowed, only position reduction and liquidation; it will then gradually

Current main tone: stay patient and watch, waiting for signals
The downside potential of a head-and-shoulders top has basically been digested. We are currently near a critical support level. Neither the stop-loss-to-entry open range nor the take-profit space is clear, and the risk-reward ratio is not good. Priority is to wait for a clear directional signal—don’t short into weakness, and don’t try to bottom too early.
Bear follow-up conditions
If the price retests and, after dropping back below the broken trendline, confirms that it cannot effectively reclaim it, you can follow the move and tak

BTC Trading Operation Illustration for Today (Friday, 07/24)
BTC/ETH and Predictions for Gold & Silver, plus Immediate Live Trading
Start at 15:30 PM sharp—continuous live trading for 8 hours from 15:30 to 23:30

$ETH Will BTC’s price test historical lows again?

Learning Trainees, Day 3, Item 1: 4042–4048, di 6 points 326 🔪 $XAUT

7.24 BTC Morning Market Snapshot
BTC’s daily candle closed as a bearish candle with upper and lower wicks, marking two consecutive days of bearish closes. At present, price is moving within an ascending wedge channel. As the connection line between the higher highs and lower lows is gradually confirmed, the channel’s effectiveness for “sell the high, buy the low” has become noticeably stronger—when price touches the upper band it pulls back, then drops and rebounds off the lower band; the structure is relatively clear.
Spot ETFs saw a net inflow of 1,064 BTC yesterday, but the price is still o

$XAU Friday Gold morning thoughts
Yesterday, I went long based on the bullish idea, took 20 points of upward space, and then it kept falling all the way. Today I’m following through. The 4-hour trend is very clear—the bearish structure has already formed.
After hitting the top, it kept pulling back continuously. Each rebound’s high point is getting lower, and the lows are also shifting downward—this is a typical downward channel. Right now, the price is being held down: every time it comes up, it gets pushed lower and can’t hold. During the sell-off, volume is still increasing, which shows the

#GOOGLEarningsBeatButStockDrops3%
#GOOGLEarningsBeatButStockDrops3%
Strong Earnings, Lower Share Price, Understanding Google's Market Reaction
Google once again delivered quarterly earnings that exceeded many market expectations, demonstrating the strength of its advertising business, cloud computing division, and continued investment in artificial intelligence. Despite these impressive financial results, the company's stock declined by approximately three percent following the earnings announcement. While this may appear surprising at first, financial markets often react not only to current

🌈 Gate Live live broadcast inspiration — July 24
Trending topics:
🔹 New tariff policy + rising tensions with Iran! Oil prices surge, weighing on risk assets; US tech stocks slide again
🔹 Can Nvidia’s moat be breached? Citrini is bullish on AMD while bearish on NVDA; will AI coding reshape the chip landscape?
🔹 Tesla plunges more than 14%! Will AI investments drag profits and cash flow, putting Musk’s AI narrative under pressure?
🔹 South Korean stocks take a heavy hit! KOSPI’s decline widens to 3%, with Samsung and SK Hynix both falling
🔹 Hyperliquid sees a major shift! RWA trading volume

After sleeping one night, it’s as if the sky has fallen—every limit order I placed was bought. Get ready for Black Friday #以太坊

🚨 $BIO IS HEATING UP — MAJOR MOVE LOADING? 🚨
$BIO is showing fresh strength on the 4-hour chart, with price recovering sharply from the recent low of $0.02494 and now trading at $0.02686.
📊 Current $BIO Perpetual Data
• Last price: $0.02686
• Mark price: $0.02685
• 24-hour change: +0.52%
• 24-hour high: $0.02703
• 24-hour low: $0.02596
• 24-hour volume: 20.44M BIO
• 24-hour turnover: $549.10K $USDT
Interestingly, BIO spot is trading near $0.03161, up +2.72%, showing a significant price difference compared with the perpetual market.
🔥 Technical Structure
BIO is currently trading above all t

It hasn’t finished dropping yet—it’s just starting. Next, there should be a wave of daily-candle-level downside. If you’re going to catch, make sure you do it with a light position: all short orders from the high should be reduced/trimmed and held long.
btc 65300 short: reduce 200–300 points. First look at 64400. If 64400 breaks down, you can roll the position to watch 63700. Around 63700 there should be a rebound—if the rebound can’t get above 65000, you can keep adding to the short. Look at 59500, ultimate level.
66000 short: watch this area; if it holds and stands firm, you can run once you

#SummerCreationCamp. Each post must be at least 30 characters and should cover topics like crypto market trends, U.S. stocks, HK stocks, prediction markets, or related trading analysis. There is no limit on the number of submissions during the activity period, and daily posts count toward stage tasks. You must also complete your Gate Square profile with an avatar and nickname, and register on the activity page to receive rewards.
New Creator Starter Rewards (Only for New Creators)
Three rewards are available exclusively for new creators. First, the New Creator Post Reward gives 50 USDT Contrac

This wave of decline didn’t come out of nowhere. What was truly sudden was for those still chasing the rebound—just moments ago they were full of expectation, and in the blink of an eye they could only watch the shorts take over the tempo.
A few days ago, before going to bed, I repeatedly checked how $BTC was performing around BTC. The rebound became harder and harder to sustain, and there was clear overhead suppression. The moment sell pressure appeared, it pulled price down—so the so-called strength never really managed to hold its ground. So I warned back then: there was a heavy bull-trap (

Looks like it still has to go up? A tenfold increase is right around the corner~😚

7.24 BTC market overview
Bias: The pullback continues; short-term bears are in control, and rebounds should be capped.
Spot (Do): Around 64,500-64,600; stop-loss at 64,300; targets 65,000 / 65,200.
Trap (Kong): Around 65,100-65,200; stop-loss at 65,400; targets 64,700 / 64,500.
After BTC surged to 66,284 yesterday and then kept falling, the current price is around 64,636. It has already broken below the MA(30) level of 65,000. On the 1-hour timeframe, it has continued closing in red candles, and the short-term bearish structure is intact. Below, watch the 64,500-64,600 support zone.
Overhead,

【$BEATE Signal】Bullish breakout is imminent; 1H MACD diffusion accelerates
$BEATE The 4H RSI touches 74, and buy pressure begins to weaken. The 1H MACD histogram is expanding upward; the Bollinger upper band at 3.1345 provides a short-term target. The funding rate is 0.005%, and no extreme overheating is seen.
🎯 Direction: Long
⚡ Entry/Orders: Enter directly in the 3.03287 - 3.04200 range
🛑 Stop loss: 3.01158
🚀 Target 1: 3.08763
🚀 Target 2: 3.11044
🛡️ Trade management: Reduce 50% at Target 1, and move the stop loss up to break even. If price falls back into the entry range, exit proacti

Tongge’s 7.24 BTC playbook
Enter the pocket around $BTC 656-661, stop at 666 for the low, first target 645, second target 635.
Current price is 650, no more pretending on the order book.
Yesterday, Tongge just said 670 is a solid piece of iron plate, and looking back today, the rebound high at 66924 has been confirmed dead solid—once it got touched, it immediately went limp.
The big-trend pocket head skeleton simply hasn’t dispersed.
Now the 4-hour and 1-hour are already starting to resonate and weaken; the smaller timeframes have collectively flipped faces. What is this called? This is