🎉 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.
After half a month of range fluctuations, Bitcoin finally broke through the trading range limit over the weekend. From the weekly chart, the Candlestick has turned from negative to positive, and the rising trend at the 4-hour level is also showing a strong momentum. Therefore, this week we expect Bitcoin to continue to rise, aiming for the target of 125000.
For traders currently holding short positions, it is time to consider closing them. It is not advisable to stubbornly hold onto short positions, and one should take the opportunity to cut losses while there is still a chance.
In terms of intraday trading, we recommend going long at any price level. The first target is 116000. Once it re-enters the previous trading range, we suggest patiently observing. If the price stabilizes within that range and shows signs of continuing to rise, you can continue to increase your long position.
However, in this wave of rise, we must also remain cautious. It is recommended to adopt a strategy of "taking profits when they are available" to realize gains in a timely manner, ensuring returns. After all, the market changes rapidly, and protecting existing profits is equally important.
It is worth noting that the recent news of the United States imposing additional tariffs may have a certain impact on the cryptocurrency market. Investors need to closely monitor relevant policy developments and adjust their trading strategies in a timely manner.