📢 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.
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🎨 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
The Bitcoin and Ethereum markets have recently shown a consolidation trend, but signs of recovery have already emerged. Bitcoin has been continuously correcting on the 4-hour chart, and although there hasn't been a breakout yet, the bearish momentum on the daily chart has significantly weakened. Notably, the weekly level has displayed a rising trend, which may indicate the start of a new bullish cycle.
The trend of Ethereum is similar to that of Bitcoin, both are in a consolidation phase. The upward momentum on the 4-hour chart is slightly insufficient and needs further consolidation. The downward momentum on the daily chart is gradually weakening, so it is advised to closely monitor the subsequent changes in the 4-hour chart.
The small-cap cryptocurrency market is in sync with mainstream coins, overall in a consolidation phase. The altcoin index has dropped to a lower level, reflecting a cooling market sentiment. Investors can pay attention to changes in Bitcoin's market dominance and fiat buying signals, as these indicators can help determine potential entry opportunities for small-cap coins. Tokens in the Ethereum ecosystem, such as PENDLE, are significantly influenced by ETH and have recently seen a pullback, which may provide an entry opportunity for interested investors.
The market may continue to maintain a consolidation trend in the short term. Regarding Bitcoin, it is recommended to pay attention to the support level in the range of 113300-114000 and the resistance level in the range of 115000-116000. For Ethereum, it is important to note the support area of 3500-3550 and the resistance area of 3700-3750.
Overall, although the cryptocurrency market is still in consolidation, it has shown positive signals. Investors should closely monitor macro factors such as the Federal Reserve's interest rate cut process, while also combining technical analysis to seize potential investment opportunities. However, given the market's high volatility, it is crucial to maintain a cautious and rational investment attitude.