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Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Monday, August 18, 2025. I am Wang Yibo! Good morning, crypto friends ☀️ hardcore fan daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹
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The market in the past week can be described as a "roller coaster" frenzy - Bitcoin first broke through its historical high, igniting excitement in the market; then, in an instant, it faced a deep correction, with prices plunging rapidly. In such extreme fluctuations, investors may find themselves trapped with a moment's hesitation or face liquidation with a recklessness. Countless people felt caught off guard amid the rise and fall. Last week, the market continued to exhibit strong bullish momentum, with Bitcoin robustly rising from the 116400 level early in the week to attack 122000; it briefly corrected to around 118500, and after being stimulated by favorable CPI data, it surged again, reaching a historical high of 124488. Ethereum's performance was highly synchronized with Bitcoin, stabilizing from the 4160 level early in the week before strongly rising, hitting a peak close to 4800. A technical correction was anticipated after the high, with Bitcoin once probing around the 116700 level and Ethereum touching around 4360. Subsequently, the market gradually stabilized, with the focus steadily shifting upward. Short-term resistance triggered a correction, but the extent was limited and did not undermine the overall upward trend. After a weekend of consolidation, prices regained stability, and the overall pattern returned to a bullish trajectory. Currently, the market is dominated by bullish forces, with the monthly and weekly technical structures simultaneously releasing positive signals; the correction falls within a healthy technical adjustment scope and has not shaken the foundation for an upward movement.
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Bitcoin rebounded from the low point of 117121 yesterday morning, fluctuating upwards during the day session and testing the highest point of 118537 in the evening before facing resistance and falling back. In the early morning, it dipped to a low of 117265 and then oscillated slightly around the range of 117600. Recently, the coin price has been maintaining a tug-of-war pattern between bulls and bears, with the overall trend still constrained by the box range formed by key resistance and support levels. The weekend market exhibited typical characteristics of range-bound fluctuations, with prices repeatedly testing the upper and lower boundaries. This sideways consolidation has lasted nearly 72 hours. During this period, Bitcoin has made several attempts to break through the range, but all have failed due to weak buying pressure, ultimately falling back within the range. This shows that the current market is relatively stuck in a tug-of-war between bulls and bears within this range, lacking sufficient momentum to break the deadlock. In the short term, the market has entered a phase of mutual pulling between the two sides, and the overall trend still revolves around oscillating cycles within the range. In terms of operations, we continue to maintain the strategy of selling high and buying low.
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The Ethereum trend is relatively stable. Yesterday morning, it started a one-sided upward trend from the support level of 4392. After confirming the support's effectiveness with a pullback at noon, it continued to rise, reaching a high of 4573 during the European session. In the evening, it faced resistance at this high point twice and retraced, dropping to a low of 4425 before rebounding. It is currently correcting around the level of 4480. Overall, although there is a short-term rebound momentum, the pressure above is evident, and the market still needs more buying support to sustain the upward trend. The market is currently in a tug-of-war phase between bulls and bears, and the overall pattern remains characterized by range-bound fluctuations. It is recommended to continue the strategy of buying low and selling high within the range.