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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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While everyone is cheering “altseason is loading,” the DXY quietly bounced from the bottom of a massive channel dating back to 2008.
On the monthly chart, it formed a green candle at the 0.382 Fibonacci level. It’s not clear yet, but if this candle turns into a bullish engulfing pattern, altcoins could really shake up this time.
BTC might approach a new short-term high but then pull back towards $100,000.
HOWEVER, this path won’t open without leaving a tombstone on the altcoins.
My scenario for the end of the year is as follows:
– The green candle continues, risk assets take another hit.
– BTC makes a new spike high.
– DXY forms a wick reversal candle on top.
– The channel breaks downwards.
– The US begins election-year vote gathering moves with money printing to ease markets.
– Global tensions ease.
– Altseason comes then.
Not now, still too early.
#CryptoMarket4T#
#AltcoinSeasonLoading#
Not financial advice.
#ETH Breaks $3600# #Trump Pressures Powell# #Gate 2025 Q2 Report Released#