📢 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
Recently, the Bitcoin market has attracted a lot of investors' attention. From the daily chart level, Bitcoin has not shown any obvious top divergence signals. The current price has not reached a new high, and the daily MACD indicator has also not shown a death cross; therefore, it cannot yet be defined as a typical divergence pattern.
However, what is truly worth following is the weekly level trend. If Bitcoin cannot maintain its upward momentum and instead enters a significant fluctuation range, then the weekly chart may face the risk of a second top divergence. This is a potential warning signal for bullish investors.
In order to maintain positive market sentiment, the bullish camp needs to capitalize on their victories and push the price to break through the current range, forming a new upward trend. This will not only benefit short-term investors but also help consolidate Bitcoin's long-term growth prospects.
Overall, although the daily chart does not currently show any obvious top signals, investors still need to remain vigilant and closely follow the changes in the weekly chart. The next direction of the market will largely depend on whether the bulls can maintain the current upward momentum, break through key resistance levels, and open a new rising channel.