*? *Monday's Market Condition
Despite a significant drop to $50,000 over the weekend, bitcoin has recovered to the $54,000 mark. $ETH is trading at $2,451. While many altcoins have retreated, there’s potential for a rebound.

*?What we're watching this week:*

$BTC: Over 15,000 Morgan Stanley wealth advisors will be able to pitch BTC ETFs starting August 7.

$FIL: Filecoin will undergo the Waffle upgrade on August 6th.

$EGLD: MultiversX will launch a new iteration of its exchange, xExchange V3, on August 5th on testnet.

$IMX: A token unlock event on August 9th will release $38 million worth of IMX into circulation.

$ZK: GRVT, the first ZK Chain built on ZKsync, is set to go live on August 5th.

$MOE: A tokenomics upgrade is planned for next week, including token buybacks and reduced emissions.

$RAGE: Rage Trade will release its token $RAGE on Hyperliquid L1 on August 7th.

? Stay tuned for further updates as these events unfold! You know where to trade — Bitsgap.

DCA Long Trade with 30% Profit on $BNX in 1 day!
The Bot Parameters: #long #dao

Base order:1 750.00 USDT
Base order type: Limit
Place base order: Immediately
Avg. orders: 3 250.00 USDT
Avg. orders qty: 5
Avg. orders step: 1.2%
Amount multiplier: x1.3
Step multiplier: x1.3

⚡️Great trade! Congrats, especially in this market. Care to share your current strategy?

Hey! Right now, I'm really into altcoins that are in play. I'm stacking positions, keeping 50% in stables for a major dip, and buying every low on the spot when we're at a high level of fear.

When it comes to futures, I go for short trades, aiming to catch the volatility. In this bot, you see it started from consolidation after a small rise. I typically look for similar setups and set the grid when the RSI is below 40. Overall, my trading approach is relatively straightforward. The key is to stick to risk management. I invest no more than 5% of my capital in each bot.

⚡️Do you have any market expectations and thoughts on current news? Have you tried our AI Assistance?

Yeah, I did, and I liked it. Made 5% using the GRID bot. I'd love to use DCA based on my trades.

About the market and current news, I think the drop to 54k in Bitcoin might not be the final low. We'll probably see prices range between $58,000 and $70,000 for a while. Right now, it feels like we're waiting for the next major upward move.

Like many traders, I'm cautiously optimistic about a potential rally in the fall. Even though I'm actively trading, I'm maintaining a reserve of capital, ready to buy if the price drops lower than expected. I believe stacking up is something worth doing in the next few years.

?Just a reminder, we encourage you to post your stories in our community or contact our Community Lead, Arthur K., via direct message.

How to Survive Cryptocurrency Range Trading

⚡️When cryptocurrency prices settle into a predictable channel, it's time to master the art of range trading.

This article equips you with effective strategies to not only navigate but thrive in these range-bound markets.

?Read the full scoop here: https://bitsgap.com/blog/how-to-survive-cryptocurrency-range-trading

Battling Crypto Volatility? ⚔️****

Here are the TOP volatility indicators savvy traders use to tame turbulence and time the markets just right — VIX, Keltner Channels, Choppiness Index, ROC, Volatility O-H-L-C and Close to Close, and many others.

?Read the full scoop here:
https://bitsgap.com/blog/best-volatility-indicators-for-crypto-trading

*? Monday's Market Condition*
Bitcoin is trading at $68,000 after attempting to rise to $70,000. Meanwhile, Ethereum is currently trading at $3,302.

The broader altcoin market, however, is showing signs of decline.

$BTC: FOMC interest rate decision is scheduled for July 31

$JUP: Jupiter's proposal to reduce its token supply by 30% goes to a vote next Thursday.

$W: On August 3rd, $176 million worth of $W tokens, representing 33% of its circulating supply, will be released into the market.

$PSTAKE: pSTAKE Finance is launching its BTC Liquid Staking solution on July 29th.

$ROUTE: Router Chain, a promising interoperability solution, launches on mainnet July 30.

Eclipse: Eclipse, the first Ethereum L2 powered by Solana VM, is launching next week.

$DRIFT: Drift is set to launch prediction markets on Solana soon.

? Stay tuned for further updates as these events unfold! You know where to trade — Bitsgap.

Bitgap Just Got Even Better: Release Notes

We're excited to announce a wave of updates designed to make your Bitsgap experience smoother and more intuitive. Here's a rundown of what's new:

⚡️Seamless Bot Control: Closing your bots is now easier with our unified bot closing interface. Available on both mobile and desktop, this dedicated window provides consistent functionality and a visually appealing way to control your bots.

⚡️Lightning-Fast Loading: ‘My Exchanges’ page now features sleek skeleton screens while data loads, giving you a smoother, more intuitive loading experience.

⚡️Start New Bot Makeover: We've given our Start New Bot modal window a fresh coat of paint! Enjoy updated card backgrounds, vibrant new icon colors, and optimized font sizes for a visually consistent and user-friendly interface.

⚡️Trading Insights at a Glance: Stay on top of your trading activity with our updated counters. The Trading page's Open Orders widget and the Backtest modal now prominently display active orders and positions directly in the tab names.

⚡️Clearer DCA Performance: We've enhanced the Asset Allocation chart in the Bot performance window with specific displays for "Waiting" and "Pump/Dump" statuses, providing greater clarity.

⚡️More Flexible TP/SL Settings for DCA Bots:

We've removed restrictions on Take Profit and Stop Loss settings for DCA spot and futures bots. Now, you have the flexibility to set TP below and SL above the current price, opening up a wider range of trading strategies.

Stay tuned for more exciting updates coming soon!

Manta Coin Analysis & Price Prediction

Want to dive into the future of privacy-focused Web3?

⚡️Manta Network is making waves with its cutting-edge tech and two-pronged tokenomics.

? Dive deeper into our latest analysis and discover if $MANTA deserves a spot in your portfolio: https://bitsgap.com/blog/manta-coin-analysis-price-prediction

Get ready to grill Smoky Crypto LIVE in Bitsgap’s AMA webinar!

? [Date: 25.07] | ⏰ [Time: 6 pm UTC+2]

?Bitsgap Telegram & YouTube

? FREE!

He's answering your questions on:

⚡️ Bitsgap's NEW AI Assistant
?? Futures trading in Europe
? Conquering market volatility

Anything else crypto you can throw at him!

Don't miss this chance to get personalized advice from a trading legend.

Got questions for the live webinar? Let’s make sure we get to them! Add them here, and we’ll discuss during the session.

*? Monday's Market Condition*

The market's been on a bull run since last week. #Bitcoin is trading at $67,130, while #Ethereum is hovering around $3,469.
*?What we're watching closely this week:*

$ETH: Spot ETH ETFs are expected to start trading on July 23rd.

$BTC: Trump will speak at the Bitcoin2024 conference on July 27th, sparking speculations about a potential announcement regarding a US Bitcoin strategic reserve.

$XRP: Rumors circulate about a possible settlement announcement in the XRP vs. SEC case next week.

$ALT: A significant unlock of 42% of Altlayer’s circulating supply is scheduled for July 25th, with the majority allocated to the team and investors.

$AVAIL: Avail token launch is scheduled for July 23.

$ILV: The highly anticipated launch of Illuvium, a web3 game years in the making, is set for July 25th.

? Trade with confidence on the cutting-edge Bitsgap crypto trading platform!

Bollinger Bands Explained: Technical Analysis with Bollinger Bands

Among the most widely used technical indicators in crypto, Bollinger Bands has become a powerhouse tool for its versatility and predictive precision.

? Traders rely on this volatility-based indicator to pinpoint opportune market entries and exits, assess trends, and gauge asset overbought or oversold conditions.

?But what are Bollinger Bands, how are they calculated, and — most importantly — how can savvy traders harness them?

In this article, we’ll unpack the mechanics and interpretations of Bollinger Bands to demonstrate applications across crypto trading strategies.

? Read the full scoop here: https://bitsgap.com/blog/bollinger-bands-explained-technical-analysis-with-bollinger-bands