Bitcoin: There are opportunities for an increase after the breakout, but there is also a risk of a pullback.
Recently, Bitcoin broke through the 'bullish flag' pattern on the 1-hour chart (a consolidation pattern during an uptrend), indicating that bullish momentum is increasing, and it may push toward higher resistance levels.
From a technical pattern perspective, a 'double bottom' (two bottoms stabilizing is a bullish signal) has formed on the 1-hour chart, currently testing the upper edge of the previous consolidation pattern, which coincides with the 1-hour 200-day moving average, making it a key short-term support level.
Analysts believe that a small bullish triangular flag may still be forming, indicating further upward movement; however, a 'diamond top' (a bearish signal) may also appear, which, if confirmed, could lead to a significant drop.
In terms of support and resistance: If it falls below the 1-hour 200-day moving average, we need to look at the support of the 4-hour 200-day moving average.
Bullish targets are at $113,700, $115,800, $117,000, and $122,100; if the bearish pattern is confirmed, it may drop to $103,000.
In addition, on the 4-hour chart, Bitcoin is consolidating below $110,000, forming an 'ascending triangle' (higher lows are impacting the upper resistance).
If it breaks through $110,000, it may accelerate to $112,000 - $114,000; if it cannot break through, it may pull back to $104,000 (a previously supportive position).
In terms of indicators, the RSI is in the middle position, indicating room for movement; the MACD has shown a bullish signal, but Bitcoin is still below the moving averages, and bulls need to exert more strength to confirm the breakout.
Currently, Bitcoin has stabilized around $108,000; although there has been a slight decline, it has not collapsed. $106,000 is a key support level, and $112,000 is resistance.
The Pump.fun token sales page appeared and then disappeared, raising market speculation.
The meme coin issuance platform Pump.fun on Solana has recently become the focus due to the token sales page.
A token sales page briefly appeared on Gate.io, planning to sell 150 billion PUMP tokens (15% of the total) at a unit price of $0.004, raising $600 million with a valuation of $4 billion, originally set to start selling on July 12, but the page was deleted hours later, and the platform said 'the re-launch time has not yet been determined.'
This has sparked a lot of speculation in the crypto community. Some insiders say the page is real, and this issuance could be the 'largest and most controversial'; however, some users warn that it could end up like certain previous meme coins, where liquidity was 'pulled out' after issuance (essentially scamming investors), with some directly calling it a 'scam' and advising others not to expect to complain after losses.
However, the market still feels it may issue tokens before July 31, with a probability of 83% shown on Polymarket.
Pump.fun was quite popular before, with a cumulative trading volume exceeding $68 billion and revenue of $694 million, but its appeal has recently declined, with daily revenue dropping from over $7 million to below $2 million, facing competition from other platforms.
Whether this token issuance will succeed depends on subsequent news.