📢 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
#Alpha Points System Opens# #Ethereum 10th Anniversary# #BTC & ETH Launchpool Yield Exceeds 3%#
Bitcoin (BTC) Market Overview
Current Price: ~$61,200
24h Change: +1.3%
Market Cap: ~$1.2 Trillion
Volume (24h): ~$28 Billion
Dominance: 52.6%
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🔍 Technical Analysis
1. Price Structure
BTC is recovering after recently retesting support near $59,000.
Currently trading inside a short-term rising channel, targeting a potential breakout above $62,500 resistance.
2. Key Support and Resistance Levels
Support: $59,000 and $56,800
Resistance: $62,500 and $65,200
3. Moving Averages
50 EMA: Acting as dynamic support around $60,300
200 EMA: Still bullish, resting near $56,500
4. RSI (Relative Strength Index)
RSI is at 57, suggesting a neutral to slightly bullish momentum. Room available for further upside before overbought territory.
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🧠 Market Sentiment
Fear & Greed Index: 60 (Greed) – Optimism is slowly returning.
Funding rates on futures are neutral to slightly positive, showing healthy buying interest without overheating.
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📰 Fundamentals and Catalysts
ETF Flows: Spot Bitcoin ETFs continue to attract modest inflows, showing sustained institutional interest.
Macroeconomic Outlook: Traders are watching the upcoming US job data and inflation reports, which could impact the Fed's next rate decision.
Altseason Watch: BTC dominance is slightly falling, which may suggest capital rotating into altcoins.
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📈 Short-Term Outlook (This Week)
Bullish Scenario: If BTC breaks and closes above $62,500, it could retest the $65,000–$66,000 zone.
Bearish Scenario: A rejection could bring it back toward the $59,000–$58,000 support range.
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🔚 Conclusion
BTC is in a consolidation phase with bullish potential. Watch for a breakout above $62,500 for confirmation of short-term upside. However, risk remains from macroeconomic triggers, so risk management is key.