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- Gate July 2025 Transparency Report:
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#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Analyst Chen Shu: Testing the 12.2 high resistance level again on 8.14, midnight market analysis / with trading strategy attached.
Market Analysis: The daily chart of Bitcoin has once again closed with a red candlestick with an upper shadow, as the price tests the resistance level of 12.2. The key focus is whether it can break through and stabilize above this level. For short-term support, pay attention to the level of 11.88. On the Ethereum side, after a short-term surge, it has retraced. Watch the strength of the retracement; the price is expected to drop to the range of 4550-4500. If the retracement reaches these two levels, it might be an opportunity to go long and look for a rebound.
Trading strategy (Posted at: 23:30):
BTC: 11.93/11.85 long, target looking at 11.95/120,000; short at 12.2 line looking for a 1-2000 point pullback.
ETH: 4560/4500 and above, target looks at 4600/4650
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, favorite, like, and comment, thank you all, and welcome everyone to leave comments below for discussion, I will reply one by one!