🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
🔶 Bitcoin (BTC): ~117,950 USD (19/07/2025)
Reduced after reaching the 120,714 USD mark during the day.
The trend is still rising, but the market is entering a slight correction zone.
🔷 Main reason:
The US Congress passed laws supporting crypto (GENIUS Act, Clarity Act).
Large amounts of money are flowing in from ETF funds and financial institutions.
Over 74 million USD in short orders were liquidated, contributing to the price increase.
📊 Market sentiment:
Still optimistic, but showing signs of short-term "overbought".
Should observe the support level of $117K and the resistance level of $121K.
---
✅ In summary:
The market is still maintaining strong growth momentum, but after a strong bounce near $120K, Bitcoin is temporarily "pulling back" to gain momentum. If it stays above $117K, BTC may head towards 130K in the near future.
#ETH Breaks $3600# #Gate Derivatives Volume Hits New High# #CPI Data Incoming#