🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Night Market Analysis
BTC
Good evening, brothers. The market is still fluctuating. It just surged a bit, and the pullback was quite fast. The support for long and short positions during the night is still at 108500. Defend at 108000. As long as the four-hour closing does not fall below 108500-8000, the market is still in a bullish trend. Refer to the closing times of 24:00, 4:00, and 8:00. The target resistance can be seen at 109600, 110400, and 111800. For short positions, try to wait until it rises to these resistance levels before considering, or wait for the four-hour closing to break below 108500-8000 for a potential second pullback. For those holding long positions, if the four-hour closing breaks below these two levels, you can give up the long positions. The target support below is at 107200, 106500, and 105000.
ETH
The secondary wife just reached the first resistance level around 2600. In the afternoon, I provided the brothers with the first resistance level for short positions, and currently, there is a small profit. For those who have entered the market, ensure to secure a break-even point. During the night, pay attention to the support level at 2555 below. Short positions can be reduced around this level, as long as the four-hour closing does not break this position again, the market remains bullish. Therefore, ensure to secure a break-even point for your short positions as well. For a second rise, continue to look at 2600, 2630, and 2680. For the second rise, you can continue to try around the two positions of 2630 and 2680. If the four-hour closing breaks below 2558 again, it means this market trend will turn bearish again, and those looking to go long should abandon this. The target support levels below are 2500, 2480, and 2430.
SOL
The support for SOL's long and short positions continues to reference 150. As long as the four-hour closing does not fall below this level again, the market remains bullish, with upper target resistance looking at 156 and 160. Short positions can be attempted in this range. If the four-hour closing falls below 150 again, the bullish trend will be compromised, and those holding long positions may consider exiting. The lower target support is at 145, 140, and 138.