🎉 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 daily candlestick closed with a big bearish candle today, and it's highly probable that tomorrow, Friday, will be a Black Friday.
BTC currently has a complete resistance at 58000, with the next key short-term support level at 52000-53000, and the critical trend level at 48000. We are one step closer to the target, so let's see what happens next.
ETH's decline today is not significant, while BTC is consuming the decline. 2460 has formed a strong resistance level for comparison, with the target directly at around 2200. Breaking below 2200 could indicate a drop to around 1XXXX.
Many people say that the recent altcoin fall is not significant. This round is all about watching the fall space of BTC. However, altcoins will also fall and will not just stop falling like this. Just wait for the opportunity.