📢 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
BTC ETH: As of 8/5, the current BTC market is in a state of low fluctuation and extreme contraction in trading volume, with both technical indicators and external environment not providing clear trend guidance. The technical analysis shows the price is close to a strong support level of 114054.3 and is accompanied by a bullish engulfing pattern, which may lead to a short-term rebound. However, the moving average system is in a short positions arrangement, and a death cross has recently occurred, indicating that the downside risk is not fully alleviated. The extreme contraction in trading volume further weakens the reliability of the trend signals. Bitcoin: Short positions can be taken around 114500-115000, with a short-term target near 113500; if broken, look for around 113000.
Ethereum: short-term sell target around 3600 near 3660-3680, if broken look at 35500 #BTC#