📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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🎨 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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Analysis of 11/5 Ideas:
Market Review:
BTC was quite powerful yesterday. The idea was to short at 69500, but it couldn't rebound. It started to fall after rebounding near 69200 in the evening. We also suggested shorting directly at 69100. Last night, it fell to around 68200 and continued to fall after a period of volatility. The highest rebound position was around 68800, and it continued to fall. It accelerated and reached a low of 66800 in the early morning. The direction of the idea determines whether you can make a profit. The potential is still quite good.
At present, it seems that there is a rebound after the drop to 68800 in the early morning. The opening price at 8 o'clock in the morning is around 67800. Since the short strategy was already achieved yesterday, my ideal drop point, we should not short today. Instead, we should change our strategy and go long. Pay attention to the support level at 67500 below and the resistance levels at 68700 and 69600 above. Regardless of who is elected, the current layout should be based on the market data trend.
BTC is recommended to pull back around 68000-68100 to establish a long position, with a target of 69500 and a stop loss at 67500.
ETH is recommended to go long around 2405-10, with a target of 2480-2500 and a stop loss of 40 points. #BTC# #ETH#