Consider buying NVIDIA (NVDA) on its current weakness, with a key entry zone identified between $150 and $161. A high-conviction long opportunity exists for Aerodrome Finance (AERO), with a prime entry point in the $1.04 - $1.05 support zone. For Sui (SUI), watch for a potential bounce from the major support level at $3.115, which is a strong area to enter a long position. Investors looking to buy Solana (SOL) should monitor the $170 to $188 range for a potential entry. As a potential hedge, consider shorting Maker (SKY) if it rallies into the $1,850 - $1,900 resistance area.

Bitcoin (BTC)

• The market is described as extremely choppy, with frequent up and down movements causing difficulty for leveraged traders.
• The speaker was initially expecting a push higher to grab liquidity, targeting $112,000 and $113,500. This area is now considered a major take-profit (TP) zone if reached.
• Key downside support levels to watch for a potential bounce are $110,000 and $109,000. The $109k level is noted as a potential area for a wick fill.
• On a macro, higher timeframe, the main bottoming levels are identified as $105,400, $99,500 (essentially $100k), and $93,000 - $94,000.
• The speaker believes a flush below $93,000 is possible, as it's a very obvious level that market makers might target.
• The Fear & Greed Index is at 49, which is considered neutral. The speaker notes that true market bottoms and reversals typically occur when the index is at extreme fear levels, like 10 or 20.

Takeaways

• Short-Term: The market is volatile and unpredictable. If Bitcoin pushes higher, $113,500 is a key level to consider taking profits. If it drops, $109,000 is the first significant support to watch for a bounce.
• Long-Term: For investors looking for major entry points, the $93k - $105k range is highlighted as the primary zone of interest for a potential market bottom. A drop to these levels would likely coincide with extreme fear, which has historically been a good buying opportunity.

NVIDIA (NVDA)

• The stock has lost its 50-day moving average (MA), which is considered a bearish short-term signal.
• Despite the short-term weakness, this is viewed as a long-term opportunity to buy into a quality name. The speaker is actively "hunting" for an entry this week.
• Technical oscillators suggest a potential bottom could be 3 to 5 days away.
• The primary levels of interest for a long entry are $161 and $150.

Takeaways

• NVDA is currently showing short-term bearishness, but this is framed as a significant buying opportunity for a bounce trade or longer-term hold.
• Investors should watch for a potential entry point in the $150 - $161 price range over the next several days.

MicroStrategy (MSTR)

• A "slightly risky" short-term long trade is proposed based on a potential bounce in the crypto market.
• The stock appears to have formed a double bottom in a potential support zone.
• Specific risk management levels were provided:
  • Stop Loss 1: A close below $330 (approx. 4% risk)
  • Stop Loss 2: A close below $324 (approx. 6% risk)
  • Stop Loss 3: A close below $309.80 (approx. 10% risk)
• Upside targets for this "sculpy play" are the 50-day MA (approx. 13% gain) or the $410 level (approx. 18-19% gain).

Takeaways

• This is a higher-risk, short-term trade idea. An entry is suggested at current levels.
• Investors attempting this trade should have a clear exit plan, using the suggested stop-loss levels (e.g., a close below $330) and take-profit targets (e.g., $410).

Gold (GLD)

• Gold is described as being at an all-time high and "absolutely cooking."
• The speaker notes that gold's strength is not going "according to plan" for risk assets, as a drop in gold would have been bullish for Bitcoin and stocks.
• The strong performance of gold is seen as a potential headwind for the crypto and equity markets.

Takeaways

• Gold is in a strong uptrend. Its continued strength could signal a "risk-off" environment, which may negatively impact more speculative assets like cryptocurrencies and tech stocks.

Ethereum (ETH)

• Citing analysis from Ben Cowan, a potential drop to the 21-week EMA at $3,500 is discussed. This level is supported by other technicals like the VWAP and 100-day MA.
• The higher timeframe (3-day) chart is described as bearish.
• A potential bearish head and shoulders pattern is noted, which could target the $4,000 region.
• Key upside levels are considered "danger zones" for taking profit or expecting a rejection. These are $4,500 and $4,670.

Takeaways

• The outlook for ETH is cautious to bearish. A drop to $3,500 is a plausible scenario.
• If you are holding ETH, be aware of major resistance at $4,500 and $4,670. These levels represent significant hurdles and potential areas to reduce exposure.

Solana (SOL)

• A large deposit of $103 million worth of SOL to Coinbase by Galaxy Digital is mentioned as a potentially bearish signal.
• A significant liquidity cluster (area of interest) is noted between $160 and $180.
• High-quality bounce zones for potential long entries are identified at $188 - $185 and an even stronger zone at $170.
• For short-term traders, major resistance levels to exit or short are $204, $208, and $216.
• A potential short-term bounce could occur around $192.

Takeaways

• Sentiment is cautious. For investors looking to buy, the $185-$188 range is a key support area, with $170 being an even stronger level.
• For those already holding SOL, $204 and $208 are key upside levels to watch for taking profits.

Maker (MKR / SKY)

• The token has been renamed from MKR to SKY.
• A high-conviction short opportunity is identified if the market sees a relief pump.
• The entry zone for a short trade is in the $1,850 to $1,900 region. This area is a confluence of multiple resistance indicators (moving averages, Fibonacci, order block), making it a strong potential rejection point.

Takeaways

• This is presented as a potential hedge or outright short trade. If SKY pumps into the $1,850 - $1,900 zone, it could be a prime opportunity to enter a short position.

Cardano (ADA)

• Whales reportedly sold 30 million ADA in the past week, indicating selling pressure.
• Despite a sharp wick down, the price recovered and closed above a key level (VWAP), showing some resilience.
• Multiple bullish divergences are forming on the 4-hour and 8-hour charts, suggesting underlying momentum may be shifting.
• A dip to $0.79 could be a bounce zone. The main long-term support zone is at $0.75.
• Reasonable upside targets are $8.38 and $8.73.

Takeaways

• While there is selling pressure, technicals suggest a bounce is possible. A dip to $0.79 could be a buying opportunity.
• The $0.75 level is a major support zone for a long-term entry. If the price moves up, consider taking profits near $8.38 and $8.73.

Sui (SUI)

• The main, high-conviction support zone is at $3.115. This level is a confluence of the 200-day MA, a 618 Fibonacci retracement, and horizontal support, making it a "proper banger" of a level.
• A re-visit to these lows is expected to provide another bounce.
• Key upside resistance levels, which could also be used as short entry zones, are $3.40 and $3.52.

Takeaways

• The most important level to watch for a long entry or to confirm support is $3.115.
• If the price bounces from support, $3.40 and $3.52 are key areas to consider taking profit or even initiating a short position.

Other Altcoin Insights

• WLFRI: After a 24% pump from a previous support zone, it has pulled back. A new potential bounce opportunity is identified in the $0.20 to $0.205 support region.
• XRP: The speaker is bearish and not interested in buying at current levels. The key long entry zones are much lower at $2.57 and $2.28.
• Bonk (BONK): A strong buy zone is identified between $0.00000185 and $0.00000177, which aligns with the 200-day MA. The speaker advises patience to wait for this level.
• Pump.fun (PUMP): This is presented as a potential short opportunity. The token is showing bearish divergence and moving into a major rejection zone. The entry for a short is between $0.0040 and $0.00415.
• Ethena (ENA): After a strong bounce from a key support level, a short-term "degen" continuation trade is proposed. A potential long entry could be found in the $0.64 to $0.65 range.
• Aerodrome Finance (AERO): The coin hit its main support zone of $1.04 - $1.05, which is considered a high-conviction long entry. The speaker is "locked and loaded" on this trade. The next support is at $1.00.
• Aave (AAVE): A long trade from $2.99 is active. This level can be used as a re-entry point. A critical stop loss is a candle close below $2.92, which would be extremely bearish.
• Curve DAO Token (CRV): The speaker was stopped out of a previous trade and is now waiting for a lower entry. The next high-interest zone for a long is the $0.66 region.
• dogwifhat (WIF): A long trade is still active, holding a key Fibonacci support level. The expectation is for a short-term bounce of 12-16%.
• PopCat (POPCAT): The long-awaited entry zone at $0.23 was finally hit. This is considered a strong support area, extending down to $0.22.