📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Have you ever seen the stubbornness of a seed breaking through the soil? It traverses the dark encasement, using its tender green tendrils to embrace the sunlight, growing into its own forest amidst the wind and rain. There is no path in life that is walked in vain; those deep nights of gritting your teeth and moments of tears will eventually transform into the everlasting starlight of your life at some dawn. This week, BTC fell from around 119800 at the beginning of the week to the line of 111185. Since the news from the Fed was released, the price has plummeted. This week's performance is still quite good, with BTC gaining a total of 16341 points. Ether gained a total of 892 points.
In the four-hour time frame, the market has rebounded after experiencing two consecutive bearish candles and reaching support. Various moving average indicators are showing initial signs of upward turning, and bearish momentum has somewhat diminished. However, the Bollinger Bands continue to open downward, and the overall trend has not broken away from the descending channel, remaining in a weak pattern. On the daily chart, the price of the coin previously formed six consecutive bearish candles, quickly breaking through the lower Bollinger Band, indicating an oversold condition. Currently, there is a slight rebound, bringing the price back within the range of technical indicators, but this round of decline presents a "bearish engulfing" pattern, with a rapid pullback lacking effective counter-rebounds. The signals on the chart clearly indicate that bears still dominate, with no clear signs of a bottom being formed. The coin price has now rebounded to near yesterday's key starting point. The bearish market structure remains unchanged, and the evening trading suggestion is to maintain a high short position.
BTC can short near 114500-114000, looking at 112000.
Ether can be shorted near 3490, looking at 3380 #btc#