🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
【Price Trend Analysis】
1. Candlestick Patterns:
- The price has been fluctuating in the range of 3400 to 3500 recently, forming a consolidation pattern.
- On the daily K-line chart, long upper shadow lines appeared on July 15th and 16th, indicating significant overhead pressure.
2. Technical Indicators:
- MACD: In the 4-hour cycle, DIF and DEA are close to the zero axis, but there are signs of a downward crossover, and short-term may face retracement pressure.
- RSI: RSI14 is around 65, which is relatively high but not yet in the overbought zone, indicating that the market still has some room for further upside, but caution should be exercised against potential pullback risks.
- EMA: The current price is hovering around EMA7 (3388.69), with support below at EMA30 (3245.96) and EMA120 (3234.66). If it falls below EMA7, it may test the support below.
3. Trading Volume:
- The Trading Volume significantly increased on July 15th, reaching 2723613, indicating intense competition between long and short positions.
- Trading Volume decreased on July 16th to 913422, indicating increased market caution. #ETH#