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The Crypto Assets market has recently seen a wave of Rebound, sparking heated discussions among investors about the market direction. However, we need to be cautious in viewing this phenomenon and avoid misinterpreting short-term Fluctuations as a change in long-term trends.
The recent price increase of Bitcoin may just be a technical Rebound after the sharp decline, rather than a fundamental change in the market's fundamentals. Currently, the market may be testing the resistance level around $116,000. If this level is broken, it could trigger a new round of short-selling opportunities.
Looking back at the market performance over the weekend, we predicted a possible short-term Rebound and advised investors not to blindly short. It turned out that the market did show signs of being oversold, followed by a wave of Rebound. However, this does not mean that the bear market has ended.
For investors who are looking forward to the impending bull market, we advise maintaining a rational mindset. The current market bottom may not have formed yet, and the overall trend in August may still lean bearish. However, it is important to note that the Crypto Assets market rarely exhibits a one-sided downward trend. We may witness a series of fluctuations and rebounds, which could last for several weeks.
This fluctuating market environment actually provides investors with opportunities for profit. In the short term, we recommend paying attention to potential short-selling opportunities around $116,000. At the same time, closely monitoring the movements of major capital is also crucial.
Overall, the current market requires us to remain vigilant, not to be blinded by short-term Rebounds, and not to overlook potential trading opportunities. Rational analysis and cautious operation are the correct ways to formulate investment strategies in this complex and volatile market.