📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Let's follow the trend of the market again.
The pancake continued to dip to a low of 116900 in the early morning before entering a consolidation phase. It has now begun a Fan correction and is currently operating around the 118000 level. Yesterday, it maintained a month-end adjustment state, with short-term Fan momentum continuously constrained, showing明显弱势 characteristics. Multiple Fan attempts have failed to achieve a significant breakthrough, indicating clear pressure in the relatively high region, suggesting that short-term downward risks still exist. The Fan momentum has not been sustained; after stopping the rise, the market has once again fallen into a narrow fluctuation pattern.
Ethereum and Bitcoin's trends are synchronized, first surging to the 3885 line, then quickly falling back to the 3716 line, currently stabilizing around the 3800 line with fluctuations. Recently, the market trend shows a pattern of rising gains, followed by stagnation and a drop, with declines not continuing to bottom out and rebound, resulting in a quick rotation between bulls and bears.
Currently, Bitcoin's resistance is at around 120,000, and support is at around 115,000; Ethereum's strong resistance is at around 4,000, and strong support is at around 3,500.