🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The BTC 4-hour candlestick that closed at 8 AM is looking pretty good.
After hitting the previous round's high, a solid 4-hour engulfing bullish candle was triggered. This indicates that the bulls have the intention of supporting at 112k.
Next, observe the daily closing at 8 AM tomorrow to see if the bulls can continue to defend the 112k position.
Long positions can also be entered around this price, targeting 114k, 114.7k, and 116k.