🎉 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.
August 5th Morning Bitcoin Market Analysis:
After experiencing a nearly 1000-point fluctuation in the early morning, Bitcoin has entered a stage of consolidation. From the perspective of the 4-hour chart, the bullish momentum is insufficient, and the bearish forces are relatively dominant.
Operation suggestions (for reference only):
Consider positioning short orders in the range of 115600-116200, with the initial target looking at the 114000-113000 area; if the price subsequently breaks below this support level, further downside potential can be pursued.
It is important to note that setting stop-loss orders is particularly crucial in a volatile market. It is recommended to reasonably plan your positions based on your own risk tolerance. #BTC#