📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
🚨 Bitcoin Market Breakdown – May 29, 2025 🚨
📉 BTC Price Action:
Bitcoin is trading around $107,688, down 1.03% on the day. The market has entered a consolidation phase, ranging between $105,000 – $109,500 since May 23.
🔑 Key Levels:
🟢 Support: $105,000 / $102,500
🔴 Resistance: $109,500 / $112,000
📐 BTC is compressing below a local descending trendline — potential breakout or breakdown imminent.
💼 Whale Activity:
A prominent whale exited at a $4.4M loss near $108K 👀 — suggesting large wallets may be hedging against short-term downside risk.
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📊 Dominance & Market Rotation:
BTC Dominance (BTC.D): Holding above 53% – showing Bitcoin is still king, but slowly ceding room to ETH and select altcoins.
ETH Dominance (ETH.D): Rising slowly – a subtle sign capital may begin rotating into Layer 1s soon.
➡️ Translation: Altcoins remain fragile, but a few are gearing up for breakout runs.
🔮 Short-Term Forecast (Next 12–24H):
Bitcoin likely stays within $105K–$109.5K unless a surprise macro trigger hits.
A break above $110K would open doors to a strong rally toward $114K, while a close below $104.8K could invite a test of $101K.
📌 Strategy:
🤏 Scalp-focused traders – plenty of opportunity within range
🛑 Swing traders – wait for confirmation, don’t chase
😴 Long-term investors – stay patient, build on dips if conviction is strong
#Market#
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#AltcoinSeason#
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