📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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Monday morning: Free public version (The content of the public version is conservative and only serves as a reference. For more content, subscription to dynamic short video explanations.)
📉 1. Latest prices and market sentiment real-time prices
Bitcoin (BTC): $117,484, down over 3% in 24 hours, weakly stabilized after hitting a daily low of $117,000 in the Asian session.
Ethereum (ETH): $4,399 (briefly dropped below $4,400), with a 24-hour decline of 4.63%, hitting a weekly low of 1410.
Market sentiment: Fear and Greed Index drops to 65 (neutral but cautious), long positions liquidations surge (BTC 752 million / ETH 226 million), high-leverage longs are being squeezed.
📊 1. Technical Analysis of Bitcoin (BTC) Key Levels and Patterns
Support: $117,000 (daily lower Bollinger band, breaking or triggering long liquidation) 23.
Resistance: $118,200 (Asian session high, volume-price divergence warning insufficient upward momentum) 6.
Technical Signal:
The MACD death cross continues, and the DMI shows bears dominate (-DI > +DI) 3.
The Bollinger Bands have narrowed to $117,700, indicating that volatility is about to explode.
operating strategy
Short position: Enter when the price rebounds to the 118,200-118,500 USD range and meets resistance, stop loss at 119,000 USD, target 117,000 USD → 116,500 USD.
Long position: If it holds above $117,000 and RSI < 30 (oversold), take a small position to bet on a rebound, target $117,800, stop loss at $116,500.
Ethereum (ETH) key levels and patterns
Support: $4,380 (previous low psychological level) → $4,350 (50EMA, breaking or accelerating downward) 29.
Resistance: $4,550 (MA30 dynamic resistance level) 4.
Technical signal:
The 4-hour chart shows a bearish moving average arrangement, but the RSI at 46 (neutral) indicates a demand for a rebound.
If it breaks through $4,550 with volume, it may trigger a short squeeze.
operating strategy
Short position: Enter after a rebound to the $4,500-$4,550 range, stop loss at $4,600, target $4,380→$4,350.
Long position: Enter on a pullback to stabilize at $4,350, stop loss at $4,320, target $4,450.
💎Ultimate conclusion today's operation mantra: Asian盘 events determine long or short, 117,000/4,380 life and death line; break level chase空防 waterfall, stabilize rebound light仓 test!