🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
1️⃣ #TokenOfLove# | Festival Ticket Giveaway
Cheer for your idol on Gate Square! Pick your favorite star — HyunA, SUECO, DJ KAKA, or CLICK#15 — and post with SingerName + TokenOfLove hashtag to win one of 20 music festival tickets.
Details 👉 https://www.gate.com/post/status/13217654
2️⃣ #GateTravelSharingAmbassadors# | Share Your Journey, Win Rewards
Gate Travel is now live! Post with the hashtag and sha
Market analysis for BTC/SOL/ETH on August 18: Let the bullets fly for a while.
It's been a long time since I've felt the Monday waterfall face wash. This morning, the waterfall of Daping directly hit the MA50 position on the daily chart. Now we just have to see if this position can provide support after the daily closing. On the short term, the team leader mentioned over the weekend that we can only make trades based on which side to break out from, and we can't predict the entire pattern at all. The market on Monday once again reminds us that we can't predict the entire pattern; chasing up and down on the right side is still a relatively safe operation.
The support for $BTC today is at 114500. Now you either wait for a 1-hour bottom model or a 4-hour bottom model to go long, or wait for 114500. The short-term resistance is around 117200. After breaking this level, it will return to the original range, with resistance around 118200.
$SOL has been relatively strong today. If you want to go long today, you either have to wait for the 1-hour or 4-hour to form a bottoming pattern before looking for a position, or wait for the support level at 177.5 to take a shot from the left side. If the upper pressure level at 187 holds, you need to consider the possibility of a support-resistance switch. The pressure after going up is at two levels: 190 and 194.
Wait for the $ETH price to stabilize above the resistance level of 4390 before considering going long today, or look at the two support levels below at 4235 and 4160. After stabilizing above the 4390 resistance level, the next targets are the resistance levels at 4470 and 4540.
In summary, the methods used by the market makers in the past few months have still made it difficult for retail investors to strategize. The entire market can only focus on short-term trades. Since that's the case, we don't need to overthink it; just take the profits and run. (Daily updates on the latest market analysis and precise entry points are provided for reference, strictly adhering to stop-loss and take-profit measures.)