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- Gate July 2025 Transparency Report:
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daily candlestick level trend:
Currently still running in the box, but has come to the bottom of the box, previously near 92000 experienced multiple downsides but did not break through. With each probe, the probability of breaking through will increase, weakening the confidence of the bulls. If effectively breaking through 92000, abandon the long strategy.
4-hour trend:
1. After the drop to 91000, a rebound formed and oscillated. After failing to challenge 96000 in the morning, it fell back to nearly 3000 points by now, with a large decline. Avoid chasing the rise and killing the fall. From the market performance, altcoins have a larger decline overall. In the uncertain market, the certainty of the main cryptocurrency is higher than that of altcoins.
Remember, contrarian layout can only consider big cake
2. The current core support is 92500-93000. Last week, the trend of Bitcoin was generally stronger than that of US stocks. There is support below the surface. We believe that the support is effective, and the pullback is still a buying opportunity. Overall, it should be viewed as a range-bound market between 93000-96000, with buy-low and sell-high strategies.
Operation Suggestions:
Continue to hold long positions. If you don't have any positions, you can enter long positions at market price near 93300. Exit when it falls below 92000, with a target of 96000.