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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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8.19 Afternoon BTC Market Analysis
The bearish pattern on the 4-hour chart remains unchanged, and the consecutive short-term gains are unlikely to alter the downward trend. The Bollinger Bands are pointing downwards, with multiple upper shadows, and the rebound is weak, stalling before reaching the middle band. The bears are in control, so pay attention to the pullback.
BTC is currently fluctuating around 1150, looking for support at this level in the afternoon, with 1157 being a short-term resistance where the rebound may be hindered.
Operation:
- BTC 1158 - 1165 short, look near 1140, 1128.
- Short ETH at 4260 - 4290, look around 4160, 4070.