📢 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
Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Thursday, August 7, 2025. I am Wang Yibo! Good morning to all coin friends ☀️ hardcore fan daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹
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U.S. stocks closed higher on Wednesday, with the Dow Jones rising 0.18% initially, the S&P 500 up 0.7%, and the Nasdaq increasing by 1.2%. Apple ( AAPL.O ) rose by 5%, Tesla ( TSLA.O ) increased by 3.6%, while AMD ( AMD.O ) dropped over 6%. According to CME's "FedWatch": the probability of the Federal Reserve keeping interest rates unchanged in September is 6.4%, while the probability of a 25 basis point rate cut is 93.6%. The probability of the Federal Reserve maintaining interest rates in October is 2%, with the cumulative probability of a 25 basis point cut being 33.9%, and a cumulative 50 basis point cut at 64%. Although the crypto market experienced repeated fluctuations in early August due to news and uncertainty, these fluctuations were actually just a deep washout. The floating positions of mainstream narrative coins have been cleaned out, and a long-anticipated rebound could occur at any time. Stay tuned to Yibo for real-time updates.
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The overall pace of Bitcoin yesterday was relatively slow, with very limited volatility during the day, oscillating around 114,000. It was only at the opening of the US stock market in the evening that a decent rebound occurred, peaking at 115,651, where it faced resistance. The current price is at 115,000. The market rhythm is still quite flat, with volatility within a controllable range. From the overall trend structure, the recent price shows characteristics of a four-hour level peak. Although a large bullish candle appeared, the bullish momentum is clearly constrained by the pressure above, lacking continuity in the upward trend, and then entered an adjustment phase. Observing from the Bollinger Bands indicator, the price did not push through the upper band during the rise, and overall it remains in a range-bound oscillation pattern. In the short term, although the moving average system shows an upward opening of the three lines, combined with the overall structural analysis, there is a clear demand for a pullback. Considering multiple factors, today's trading strategy is mainly bearish, and short positions can be arranged based on the resistance level above.
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The overall Ethereum market presents a bullish pattern. Last night, the market rebounded from the low point of 3572, testing a high of 3696 before consolidating. The support strength below is decent, while the range of 3720-3735 faces temporary resistance. The daily chart continues the previous rebound trend and maintains upward momentum, with bullish forces continuously accumulating during this cycle, laying a solid foundation for future movements. On the 4-hour chart, the price is operating near the upper Bollinger Band, continuously testing the upper resistance. If it can achieve an effective breakout and stabilize, it may open up space for a new round of upward movement; however, if it falls back after multiple unsuccessful attempts, short-term adjustment risks should be heeded. #Gate ETH 挖矿年化收益 5%#