📢 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
Let's talk about the current market situation.
The daily line closed with a very beautiful bullish candle, but it is still under the pressure of the downtrend.
Let's make a hypothesis: If he wants to break through upwards, what conditions must be met?
1. The volume and price are synchronized, and if the price does not keep up, it can only be seen as a range shock, and there will be a situation of rising and falling
2. If it effectively breaks out of the downward range upwards, then similar to the situation near 89000, if it breaks through and then holds above this downward trend, there will be a chance to break through; otherwise, it will still be a fluctuating market.
3. MA50 needs to enter a stable range from the airdrop trend, and it should ideally start to turn upwards, at the very least it should not continue to trend downwards.
Only by meeting these conditions can one collide with the evenly balanced shadow cloud, and then, after entering the shadow cloud, consolidate at a high position to form a bullish breakout trend.
Currently: The downtrend has not effectively broken through, and according to the Ichimoku Kinko Hyo, it is more inclined to consolidate sideways before making a high and then retreating. The end of the cloud is also turning downwards, indicating a greater likelihood of needing to test the lower support.
Both the OBV and VR moving averages are under pressure, and the MFI is currently still in the neutral zone. Various data supports that the upcoming market will experience a rise followed by a pullback.
Today's trading idea: From a trend perspective on the daily chart, it is in a high-level consolidation. Short-term trading during the day needs to be cautious. If you want to short, you can wait for this wave of rise and fall.
More real-time trading can be automatically followed in the copy trading system.
#BTC