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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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BTC stayed in consolidation for a day, with both long and short positions still deciding their direction. However, the 4-hour chart has started to show signs of a bearish trend, with the 60-period moving average acting as resistance and a death cross signal on the MACD. These are all reasons to short. Considering the chip situation above BTC, there is a high probability that it will spike up to 62500, touch the 120-period moving average, and then quickly move downwards in a bearish trend. Therefore, it is recommended to open a short position at 62450, with a stop loss of 500 points and a take profit of more than 1500 points (specific conditions should be judged based on real-time market conditions).