📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
This weekend, the Bitcoin market has shown a continuous fluctuation trend, with a small price fluctuation range. Although there was a certain degree of rise yesterday, the increase was limited and is still consolidating within the upper fluctuation range.
From a technical indicator perspective, the MACD shows a death cross pattern, indicating that the market may continue to adjust in the short term. Therefore, investors should not rush to enter the market at this time and should adopt a cautious strategy, with short selling at high levels as the main operational direction.
For Bitcoin, it is recommended to look for short opportunities in the range of $117,000 to $117,500, setting the stop-loss at $119,000. If the market develops as expected, the target price can be locked in at around $115,000.
It is worth noting that the cryptocurrency market has always been highly volatile. Investors must pay attention to risk management when operating, and set reasonable stop-loss orders to protect their capital. At the same time, it is also important to closely monitor market dynamics and the global macroeconomic situation, as these factors may have a significant impact on Bitcoin prices.
Overall, the current market is in a wait-and-see phase, and investors should remain patient and wait for clearer market signals to emerge. During this period, improving one's market analysis skills and risk management awareness will help make more informed decisions in future investments.