📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
As the price of Bitcoin slightly rises, the market activity during the weekend has seen a slight increase, but the overall volume growth is not significant. Only investors who bought at recent low levels show a clear willingness to take profits, while most holders remain in a wait-and-see attitude.
However, the market direction may change on Monday. Of particular concern is the CPI data set to be released on Tuesday, which could trigger risk aversion, as current market expectations are not optimistic.
Currently, the decline in trading activity has a limited impact on the price support for Bitcoin. The existing two price support levels are performing steadily, and the seventh support level also seems to be gradually forming. This situation is quite similar to the circumstances when the first, second, and third support levels appeared previously. If this pattern repeats, the market may once again face significant fluctuations.
Overall, investors seem to be waiting for clearer market signals. In the short term, the release of economic data may become a key factor affecting market sentiment. In this uncertain environment, investors need to remain vigilant and closely monitor market trends and changes in macroeconomic indicators.