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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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According to Technical Analysis, CFX (Conflux) is currently facing an important support level. If this support level is breached, we may see a continuation of the monthly upgrade trend that has been in place since March 2024. In this case, CFX may form a new price center and possibly create new lows.
Meanwhile, Bitcoin (BTC) may form a monthly top pattern next month. If this happens, we might see BTC experience a correction period of 9 to 35 months.
Interestingly, CFX seems to be aligning with this large market structure. This could mean that CFX is about to end its five-year downtrend. This potential trend reversal may bring new investment opportunities for CFX.
However, investors should proceed with caution and closely monitor market trends. While Technical Analysis provides valuable insights, the high volatility of the cryptocurrency market means that situations can change at any time. Before making any investment decisions, it is recommended that investors conduct thorough research and consider their own risk tolerance.