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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 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
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Let’s go! See you tonight: https://www.gate.com/announcements/article - 🎉 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.
BTC has moved as I previously predicted, rebounding to around 110000 after a pullback to 105000. Those who went long can take some profits, and wait for another pullback to continue buying. The remaining position can wait for profits at 120000 or even higher. The current price has broken through the downtrend line, and we will observe whether it can hold above. If it can hold above, there is a high probability it will challenge the 112000 position.
ETH has also started to catch up, with the price breaking above 2600. Yesterday we mentioned that breaking above 2550 could be a signal to go long. Long positions can currently be held, waiting for ETH to hold above, with the price expected to challenge the previous high around 2800.
Operating Idea:
Go long on BTC when it retraces to the 107000-107500 position, with a stop loss at 106500 and a take profit at 112000.
Go long on ETH when it retraces to the 2500-2550 position, with a stop loss at 2450 and a take profit at 2800.
In the altcoin sector, you can pay attention to spot opportunities such as WIF, PEPE, PUNT, ETHFI, and SUI.
Investment carries risks, and the above views do not constitute financial advice!