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The Crypto Assets market continues to show a complex trend today after experiencing fluctuations yesterday. Bitcoin (BTC) is performing relatively strongly, although it has fallen below yesterday's first support level, other major Crypto Assets have reached the third support level. Market sentiment remains cautious, and investors need to closely follow the key price levels in the short term.
Yesterday, the market experienced a brief rebound, but it was insufficient in strength, followed by a decline. Today, the market may attempt to rebound again, but if there is a lack of sufficient momentum, the downtrend may continue.
For Bitcoin, the key observation point today is $112,900. If this level is broken in the 1-2 hour time frame, it may indicate the end of the bottom rebound, and the market will further decline. In this case, investors can follow the support levels around $111,990, $111,200, and $110,100. However, if the price can hold above $112,900, there is still room for an upward movement in the short term. The important resistance levels above are around $114,000, $115,110, and $115,975.
The key price level for Ethereum (ETH) is at $3,412. If it falls below this level within an hour, it may trigger further declines, and investors can follow the support levels around $3,366, $3,320, and $3,276. If the price can maintain above $3,412, there is still potential for an upward movement in the short term, with resistance levels around $3,480 and $3,535.
Overall, the current market is at a critical turning point, and investors should remain vigilant, closely monitoring the breakouts or rebounds at these key price levels to adjust their trading strategies in a timely manner. At the same time, attention should also be paid to the overall market sentiment and macroeconomic factors affecting the crypto assets market.