🎉 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.
🔍 Price & Technical Structure
Current Range: Bitcoin remains tightly confined between $104,300–105,100, reflecting a consolidation phase after recent volatility .
Support Levels: Immediate support lies around $104,300–103,750. A breakdown below that could see a retest of $101,000–99,500 .
Resistance Levels: The first barrier is the 20/50/100 EMA cluster near $105,960, followed by the broader resistance zone at $108,000–109,000 .
---
📉 Momentum & Volatility
RSI & Momentum: RSI resides just above neutral (~54), indicating a balanced tug-of-war between bulls and bears. MACD shows a slight bullish bias—without volume, however, breakout chances are muted .
Volatility Compression: Bollinger Bands and ATR show volatility tightening, suggesting a coming breakout as current price action focuses in a symmetrical triangle .
---
🧭 Market Dynamics
ETFs & Flows: Spot ETF inflows show sustained institutional demand. According to recent data, around $388 M in daily ETF flows, totaling over $46 B+ in cumulative inflows—highlighting strong underlying appetite .
Derivatives Warning: Despite steady spot prices, derivatives markets are sending caution signals—funding rates are elevated, hinting at cautious/leverage behavior .