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The crypto assets market has experienced significant fluctuations recently, with Bitcoin and Ethereum showing strong oscillation patterns. After three consecutive bearish days, Bitcoin's latest daily chart has formed a bearish doji, indicating that market sentiment remains cautious. Currently, Bitcoin is oscillating within the range of 117,000 to 120,000, with little possibility of breaking through this range in the short term.
For Bitcoin traders, it may be worth considering shorting opportunities in the range of 118,500 to 120,500, while long opportunities may arise in the range of 116,500 to 114,500. Cautious traders should avoid chasing the market and instead operate near established support or resistance levels.
In contrast, Ethereum's performance appears to be slightly strong, with the latest daily chart showing a small hammer candlestick pattern. The trading range for Ethereum fluctuates between 3,600 and 3,950. Investors may consider shorting at high levels within the range of 3,870 to 3,950, while opportunities for going long at lower levels may arise in the range of 3,700 to 3,600.
It is worth noting that the current market is still in a high-level fluctuation stage, with prices being unpredictable. Investors should remain vigilant and strictly implement risk management strategies, trading near established support and resistance levels rather than blindly chasing gains or cutting losses. In such a fluctuating market, range trading strategies may be more effective.
With the continuous development of the crypto assets market, investors need to constantly adjust their strategies to adapt to market changes. Whether it is Bitcoin or Ethereum, both have demonstrated their resilience as mainstream crypto assets. However, given the high fluctuation of the market, investors still need to remain cautious and ensure proper risk management.