📢 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)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Wall Street Encryption Morning Report 08.19: Wu Song is on vacation, will BTC still fall?
Viewpoint: Since the BTC reached a new high last week, we have been reminding everyone in the daily morning report to pay attention to the bears gaining strength and the focus shifting downwards. The maximum fall of BTC has approached 10,000 points, and it seems that the hero helping the bulls, Wu Song, has gone on vacation. In the short term, the current price is in a stage of rebound after an oversold situation, but it faces resistance at 117,000 to 118,000. It is expected that after today's rebound, another bottom test will be needed. The main strategy at present is to pay attention to the direction of the bearish forces and operate accordingly.
Trading strategy: Buy in moderation in batches near 115600 and 114700, and reduce long positions near 116900 and 117900.
Risk warning: If BTC cannot effectively defend 114000, long positions should take profit and stop loss, and observe from the sidelines.