🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
### **Bitcoin Bullish Triangle Consolidation**
#### **Current Market Structure:**
- BTC is forming a **bullish consolidation pattern** (likely an ascending triangle or symmetrical triangle), indicating a potential breakout.
- The **resistance level** is key; a confirmed breakout above it could trigger a strong upward move.
- The **next major target** after a breakout is **$100,000**, which aligns with historical Fibonacci extensions and psychological resistance.
---
### **Potential Scenarios:**
#### **1. Bullish Breakout ($100K Target)**
✅ **Breakout Confirmation:** A decisive close above resistance with strong volume.
✅ **Price Target:** Immediate rally toward **$100,000** (next major psychological & technical level).
✅ **Altcoin Reaction:** Historically, a BTC breakout leads to **altseason**, where major alts (and meme coins) surge.
#### **2. Bearish Rejection (Worst-Case Dump to $88K)**
⚠ **Rejection Scenario:** If BTC fails to hold resistance, a pullback to **$88K** (key support) is possible.
⚠ **Buying Opportunity:** A dip to $88K would be a strong accumulation zone before another push upward.
---
### **Key Takeaways:**
1. **BTC Breakout = Altcoin Pump** – If BTC surges, alts (especially Solana-based meme coins like those on **#MemeBox**) will likely follow.
2. **Dump = Buying Opportunity** – A drop to $88K would be a high-conviction entry for BTC and alts.
3. **Profit Management** – Traders should **reduce positions** near $100K to lock in gains before potential volatility.
### **Final Verdict:**
- **Bullish bias remains** unless BTC loses $88K support.
- **Watch for breakout confirmation** – if it comes, prepare for an altcoin rally.
🚀 **Best Play:** Accumulate strong alts (especially Solana ecosystem) on dips, and prepare for a potential **altseason pump** after BTC breaks out.
#MemeBox # #SoLanà# #Bitcoin# #Altcoins#