#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
#How will September’s market perform after August’s volatility?#
Has the monthly BTC candlestick closed? Is the future clear?
The August monthly line closing line belongs to the hammer line of bottom reversal form, and may be in a relatively optimistic state in the future.
Yesterday we suggested not to take short-term positions. If the daily candlestick closes above 57750, you can still go long or short in the range of 57750-61500. Yesterday, the daily candlestick closed at 58132, triggering a long position again based on the strategy at the 57750 level. Currently in a profitable state, using stop loss as the .
BTCdaily candlestick shrinking volume pump, proving that the short-term selling pressure is relatively small, and the previously mentioned support line at 57750 has been regained. The four-hour chart shows a reversal pattern in the form of a descending wedge, touching the lower edge today and experiencing a Rebound. Currently, it is in a breakthrough state. If today's closing can stabilize around the 57500 line, there is a possibility of further upward movement. Currently, the previous strategy is still maintained near the Long position at the 57750 line, with a stop loss at the 56000 line, and take profit at 59500, 61200