Bitcoin (BTC) has recently attracted attention due to its price movement. If it can hold steady in the range of $118,500 to $120,000, investors may consider gradually establishing long positions, with a potential target price of $122,500, which may even extend to $124,200. However, there is uncertainty in the market; if there is a high Trading Volume break below $118,000, it is advisable to set a stop loss and maintain a wait-and-see attitude, paying attention to the $116,000 support level. It is worth noting that the latest U.S. Producer Price Index (PPI) year-on-year for July exceeded expectations, which may have some impact on the Crypto Assets market. Investors should closely monitor the potential impact of macroeconomic data on Bitcoin's price movement and adjust their investment strategies in a timely manner based on market changes.

BTC0.69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
metaverse_hermitvip
· 08-16 10:53
Pure is being tormented by ppi
View OriginalReply0
airdrop_whisperervip
· 08-15 02:48
The retail investors who are dreaming again
View OriginalReply0
ZenZKPlayervip
· 08-15 02:48
Rounding up has already won.
View OriginalReply0
LiquidatedAgainvip
· 08-15 02:45
I got liquidated as soon as I entered the market. Don't ask me how I know.
View OriginalReply0
WalletDetectivevip
· 08-15 02:42
Kill this big pump
View OriginalReply0
ContractTestervip
· 08-15 02:40
Tomorrow I will go long.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)