📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
#Crypto Market Rebound#
BTC Price Overview
Current Price: ~$63,800
24h Change: -2.1%
7d Change: -5.6%
Market Cap: ~$1.26 Trillion
Volume (24h): ~$35 Billion
---
🧭 Technical Analysis
🔹 Support & Resistance Levels
Immediate Support: $62,500
Key Support Zone: $60,000 – $61,000
Immediate Resistance: $65,000
Major Resistance: $67,500 – $68,000
🔸 Moving Averages
50-Day MA: ~$65,400 → BTC trading below, signaling short-term bearishness
200-Day MA: ~$59,800 → BTC trading above, still long-term bullish
📉 RSI (Relative Strength Index):
Current RSI: ~42
RSI below 50 = bearish momentum building
Not oversold yet, but getting closer
---
🔍 On-Chain & Market Sentiment
🟢 Bullish Indicators:
ETF Inflows: Still net positive, though slowing
Long-Term Holders (LTH): Increasing their positions → Strong hands buying dips
Exchange Reserves: BTC held on exchanges decreasing → Less sell pressure
🔴 Bearish Indicators:
Funding Rates: Turning negative on perpetual futures
Short-Term Holders: Increasing sell pressure
Open Interest: Dropped sharply → Traders de-risking
---
🌐 Macro & News Drivers
US Interest Rates: Fed expected to hold rates steady in September
Global Markets: Mild risk-off sentiment due to Chinese economic slowdown
Regulations: Positive crypto sentiment in Europe, but US remains mixed
Halving Effect: Post-halving rally losing steam — market digesting gains
---
📊 Summary & Outlook
BTC is currently in a correction phase after failing to break above $68K. The structure remains bullish long-term, but short-term weakness could persist if $62.5K support fails. The $60K zone is key—a bounce here could trigger the next leg up.
---
📌 What to Watch This Week
BTC weekly close above $65K → bullish
Break below $60K → risk of deeper correction
Fed comments or ETF inflow updates
Altcoin market behavior — rotation may signal risk-on return
---
Let me know if you'd like:
A chart-based TA (upload your chart or ask for one)
Altcoin analysis (ETH, SOL, etc.)
Strategy ideas (swing trading, DCA, etc.)