📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
🪙💡What's the concrete plan for Bitcoin going forward?
Based on the analysis of the 8-hour chart, the current situation can be classified as follows from my point of view:
1. Mid-term movement:
If the parent structure is corrective (ABC), the price could enter subwave 5 of a C correction after completing the current subwave 4 (if this is a corrective wave).
The target of the C wave could be in the range of 90,000-89,000 USD if we consider the typical expansion of C waves (1:1 or 1.618 of the A wave).
--
2. Short-term movement:
The price has consolidated within a subwave 4 and could experience a short-term retest, especially towards 96,800-97,500 USD. Possible resistance levels are located here.
If the price breaks through these areas, a short-term high could be around 98,200–98,500 USD before the next downward movement begins.
--
3. Support and Resistance:
Support: $94,200 and $92,000.
Resistance: 96,800 USD and 98,500 USD.
--
4. MACD and RSI indicators:
The MACD shows signs of short-term upward momentum, but is overall in a weak state, indicating limited upward movement.
The RSI is neutral but shows room for a short-term upward movement.
--
5. Strategic considerations:
If the price rises to 96,800 USD or higher in the short term, this would be a potential range to secure profits or consider a short position.
However, if we were to experience a decline towards $92,000, this would be a potential entry point for a long position, as it is within the Fibonacci support area and previous lows.
--
Overall, the market is currently in a phase where short-term trades with clearly defined stop-loss levels are safer, as the direction has not yet been definitively determined. Watch for confirmations in the smaller time frames before opening a position.
#BTC# #ETH# #ContentStar# #BOME# #SLERF#