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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Bitcoin's price fluctuated today, reaching a high of around $122,400, followed by a pullback that dipped to around $119,300. The daily chart shows a Long Wick Candle pattern, indicating a weakening of short-term long positions, failing to firmly hold above the $120,000 mark.
Although there has been a recent rebound, the strength is not sufficient and is likely just a temporary adjustment. From the hourly MACD indicator, it is still continuously diverging downwards, suggesting that the downtrend has not yet completely ended.
In this market environment, investors may need to maintain a cautious attitude. The current price is around $120,000, and if a rebound occurs, it may face a new round of selling pressure. If the price continues to decline, the range between $118,800 and $118,300 may become an important support level.
Market participants should closely monitor various technical indicators and macro factors in order to adjust their strategies in a timely manner. It is important to note that the cryptocurrency market is notoriously volatile, and investment decisions should be based on comprehensive analysis and risk assessment. The future market direction still holds many uncertainties, and investors must act cautiously and manage risks reasonably.