🎉 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.
Recently, the market trend has shown a mild downward trend, and it is currently in a short-term rebound phase after support. The trend of mainstream tokens is worth following, and it is expected to fluctuate within a specific range.
In terms of mainstream tokens, the upper resistance range is between 114000 and 114700. If this resistance cannot be broken, a rebound may occur. The short-term support level is around 113000; if the hourly candlestick closes below this level, it may indicate the end of the short-term rebound, and further declines may continue. A lower support range is between 110000 and 112000, which is an important position at the weekly level. If this range is touched, there may be a rebound opportunity.
Another important coin yesterday hit a low near 3350, and is currently experiencing a slight rebound within a controllable range. The key resistance zone is between 3500 and 3530; if it cannot break through, it may trigger a new round of decline. If it successfully breaks through, it is expected to rise above 3600. The first support level below is at 3415; if the hourly K-line closes below this level, the rebound may end. Further support levels are near 3310, 3250, and 3150.
The SOL coin quickly rebounded after hitting the 155 support level, and the next focus needs to be on the resistance range of 163 to 165. Whether it can effectively break through this range will determine if there is any further upward momentum in the market. If the pressure is effective, it may weaken again. The short-term support level is around 159, and if the hourly closing falls below this point, the short-term rebound structure may be destroyed, and the subsequent support targets will focus on 155 and the lower position of 147.
Overall, the market is at a critical turning point, and investors need to closely follow the performance of various support and resistance levels to adjust their strategies in a timely manner. At the same time, attention should be paid to potential unexpected changes in the market, maintaining a flexible trading mindset.