🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The morning session saw three consecutive declines, falling 2000 points. Will the market trend rebound from the bottom or continue to fall?
Currently, from a 4-hour perspective, there is a strong fall with three consecutive bearish candles, dropping to a low around 117300. On the daily chart, there are also three consecutive bearish candles. In terms of pattern, the low point of 117000 yesterday cannot be held, and the recent overall trend is also in a wide oscillation between the range of 117000-12000.
Looking at the weekly level again, today is also Friday, and as we all know, the weekend fluctuations won't be significant. We can see that last week's weekly low was around 115700. Therefore, today's slow decline in the morning has initially opened up the downward situation for Friday. We do not expect much of a rebound, and it's not impossible for the market to fall by 5000 points in one day on a Friday. In summary, any rebound presents an opportunity to short!
Specific operational ideas reference:
Short directly near 117800, target down to 115700, fall below 112500!
Short directly near 3680 for ETH, targeting the fluctuation of BTC!