📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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Track real-time trends in the crypto world and seize the best trading opportunities. Today is Wednesday, August 20, 2025. I am Wang Yibo! Good morning to all crypto friends ☀️ Daily attendance for die-hard fans 👍 Like for big profits 🍗🍗🌹🌹
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U.S. stocks closed on Tuesday with the Dow slightly up, the S&P 500 index down 0.58%, and the Nasdaq down 1.46%. Intel ( INTC.O ) rose 6.97%, while Nvidia ( NVDA.O ) fell over 3%. Tech stocks generally declined, putting pressure on the broader market. According to CME's "Fed Watch": the probability of the Federal Reserve maintaining interest rates in September is 13.9%, while the probability of a 25 basis point rate cut is 86.1%. The probability of the Federal Reserve maintaining interest rates in October is 6.5%, while the cumulative probability of a 25 basis point rate cut is 47.5%, and the cumulative probability of a 50 basis point rate cut is 46%. The cryptocurrency market has experienced a sharp decline, with Bitcoin breaking support and dropping to 112712, and Ethereum falling to a low of 4112. The futures market has been severely impacted, with bulls facing liquidation and market panic spreading. Previously, Ethereum was already in a bearish correction trend, and this cryptocurrency market crash has further intensified its downward pressure. For investors, the current market uncertainty is extremely high, both in the U.S. stock market and the cryptocurrency market, which are facing complex internal and external environments. In such a situation, it is crucial to remain rational, closely monitor changes in policies and market sentiment, and focus on YiBo to seize real-time market dynamics, thus gaining an edge in this turbulent market.
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The Bitcoin market continued its downward trend yesterday. After reaching a high of 116930 in the early session, Bitcoin faced selling pressure and continued to decline throughout the day, falling to around 112700 by midnight. During the early hours, Bitcoin briefly touched the high of 116930 but then dropped back under pressure. The price continued to slide, reaching a low of around 112700 by midnight, resulting in significant intraday volatility, and market sentiment remained cautious. From the current market state, Bitcoin is showing a significant weakness overall. The market has been making new lows throughout the day, clearly establishing a downward trend, which sends a strong bearish signal. In terms of movement, bearish forces dominate completely while bulls remain suppressed. Each time there is a price rebound, it appears weak and struggles to form an effective reversal signal, clearly indicating that bulls lack sufficient momentum to reverse the current downward trend. Considering various factors in the market, it is recommended to adopt a "short on rallies" strategy, that is, to wait for the price to bounce back near important resistance levels before looking for opportunities to short.
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Ethereum has gradually pulled back from the high of 4385. Despite several attempts to rebound during the session, the bearish forces have consistently dominated the market, and the overall downward trend has not changed. The bearish momentum continues to exert pressure—during the midnight trading, Ethereum briefly touched the low of 4112, and it managed to stop falling near this critical point. Currently, it is in a wedge consolidation structure, with the price operating between the middle and upper bands of the Bollinger Bands, indicating a strong short-term momentum. However, this pattern usually suggests that after the trendlines converge, a breakout is likely to occur. It is expected that there will still be a downward movement towards a larger level of support in the future market. Overall, looking at the recent market trends, a reversal of the trend requires more confirmation signals!