๐ข Gate Square #Creator Campaign Phase 1# is now live โ support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
๐
Campaign Period: July 11, 18:00 โ July 15, 22:00 (UTC+8)
๐ Total Prize Pool: $500 token rewards
โ
Event 1: Create & Post โ Win Content Rewards
๐
Timeframe: July 12, 22:00 โ July 15, 22:00 (UTC+8)
๐ How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
#BTC#
When I examine the Bitcoin (BTC) chart, we can observe some important points in the 4-hour period:
General Outlook and Price Movement:
* According to the chart, Bitcoin's current price is at 108,757.7 USDT. It has increased by 0.68% in the last 24 hours.
* The highest price in 24 hours was 109,113.9 USDT, while the lowest price was recorded as 107,817.4 USDT.
Support and Resistance:
Moving Averages:
* MA5 (108,368.0), MA10 (108,243.2) and MA30 (108,341.4) values โโare close to each other and are above the price. This indicates that there may be an upward trend in the short term, as the price continues to stay above the moving averages.
* MA5 being above (or about to cross) MA10 and MA30 is usually interpreted as a bullish signal.
Parabolic SAR (SAR):
* SAR (0.02, 0.02, 0.2): At 107,332.5. The price is moving above the SAR points, which is a sign that the uptrend is continuing. As long as the SAR points are below the price, the uptrend is maintained.
MACD (Moving Average Convergence Divergence):
* MACD (12,26,9) values: MACD: 5.6, DIF: 119.8, DEA: 114.2.
* A positive MACD value and DIF being above DEA indicates that bullish momentum is continuing. If the histogram is also in the positive zone and is increasing, this can also be interpreted as a buy signal.
RSI (Relative Strength Index):
* RSI(6): 66.3, RSI(12): 57.4, RSI(24): 55.1.
* RSI values โโare above 50 and especially RSI(6) is at 66.3, which indicates that the market has a buying trend. However, approaching 70 may be a warning that the overbought region is approaching.
Average Price (Avg. Price):
* "Avg. Price 108,219.2" is indicated on the chart. This probably shows the average purchase price in a certain time period seen on the chart.
Conclusion:
Bitcoin chart shows that it maintains an uptrend in general. Price is moving above moving averages, SAR supports the rise, and MACD and RSI indicators also show a positive outlook.
However, it is important to closely monitor the resistance at 110,506.2. If this level is exceeded, the rise can be expected to continue, but if it is not exceeded, there may be a slight pullback. In this case, a low leverage long position can be opened between 108,700-108,800 and 110,500 can be targeted.