🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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🎁 $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.
There is no eternal faith in the crypto world, only eternal logic - technology, fundamentals, and market sentiment, all of which are indispensable!
The analysis given by Old Wang in the early morning showed that the market moved in sync. After Old Wang finished posting, it started to make a slight pullback and then continued to rise. Although it didn't reach the expected position point that Old Wang anticipated, the overall trend was still correct. Old Wang will provide a new analysis of the market for everyone later.
Currently, from the 4-hour perspective, the price of Bitcoin has been rising steadily. Although a long lower shadow was formed in the early morning, and the K-line is approaching the upper Bollinger band, the analysis results provided by Lao Wang early in the morning are still valid based on three technical indicators: the RSI shows a strong buy signal and continues to rise, the MACD maintains a death cross below the water level with increasing momentum bars, and although the KDJ indicator has slightly retreated compared to the early morning, it still predominantly signals a bullish market. From the short-term hourly perspective, the RSI indicator leans towards a buy signal, but the KDJ indicator is quite standard. Additionally, the fast and slow lines of the MACD are converging and diverging above the water, showing a slight death cross above water. Therefore, Bitcoin is currently in a state of oscillating upward movement. The technical indicators for ETH are giving the same signals as Bitcoin, but are even stronger!
Operation suggestions:
The pancake is at 114400-114800, watching 116000.
Auntie 3670-3700 Duo, look at 3780
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