📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
Last night, the market oscillated in a range-bound manner, which was pretty much in line with expectations, with the market maker clearing at 117,000. The market maker built a position in the range of 117,500 to 118,000, so going down, the market maker will still protect the market, and it won't easily drop, but will look to sell. Therefore, after reaching a low yesterday, the market had a preliminary slip. Multiple attempts did not break the level, with four-hour candles closing with lower wicks, then a rebound in the morning, and subsequently testing 117 again. It also failed to break the level, just barely missing it, which is a bit of a pity. According to expectations, if 117 breaks, it would continue, going down a bit further before coming back up, and then going down again. The movement is quite similar to that of the evening of July 1st before. The difference is that previously, the market maker gradually started to sell, while this time they are increasing their positions. However, after the rebound, they still sold. Currently, it is still in a range-bound phase. So after this range-bound period, where will it go next...
The four-hour chart has consecutively formed lower wicks, but this cannot be considered a structure in the trend; rather, it is a game between the trend and the market makers. Therefore, the overall trend remains weak. The 12-hour Bollinger Bands have almost contracted, and the next one is above the daily chord. The middle band of the daily chord Bollinger Bands has extended above the recent low points, so if it does not break the recent low, it can directly pierce the middle band. Once the middle band is broken, the previous low cannot be held, and it will head towards the lower band of the daily chord Bollinger Bands. The possibility of this happening is quite high, so we should still watch for a correction. However, it could also break upwards and move strongly in one direction, but it must break the 12 level again to do so.
Around 118700 to 119000, the southbound long wick is still below 11. Short wick 1167. #区块链# #btc# #ETH#