Gate Research Institute: BIO, LINK rise against the trend | Japan is about to approve the first yen stablecoin JPYCencryption asset panorama
BTC (-1.52% | Current Price 115,804 USDT)
Previously, BTC once surged to a stage high of 124,497 dollars but failed to break through effectively, followed by a volume-backed pullback. In terms of the moving average system, the short-term MA5 and MA10 have crossed below MA30, forming a bearish arrangement, indicating a weak short-term trend. Recently, the price has repeatedly found support near 115,800 dollars, but it is currently approaching this critical level. If it breaks below this range, it may further test the support at 114,000 dollars or even lower. Conversely, if it can stabilize and rebound at this level, it will first need to reclaim the short-term moving average resistance near 117,300 dollars to reverse the weak trend.
In terms of trading volume, a significant increase in volume accompanied by a decline indicates strong selling pressure and a bearish market sentiment. Overall, in the short term, attention should be paid to 115.
GateResearch·2025-08-18 08:28