For those looking to buy a significant dip, consider placing buy orders for Solana (SOL) at the $130 level, which is viewed as a major opportunity. Conversely, a prime shorting opportunity exists for XRP if it rallies into the $0.238 - $0.245 resistance zone. Active traders could look for a short-term bounce in Bitcoin (BTC), potentially buying near $99,000 - $100,200 while targeting the $103,000 - $106,000 range to take profits. Any strength in Ethereum (ETH) towards the $3,600 - $3,800 area should be treated with caution, as this is seen as a potential profit-taking zone. Finally, the privacy coin trend may be overextended, so consider taking profits on Zcash (ZEC) as it approaches the major resistance level of $500.

Bitcoin (BTC)

• The speaker notes that BTC is under significant pressure but has found temporary support in the $98,000 - $100,000 zone.
• Short-Term Outlook: A "relief rally" is considered possible.
  • Key resistance levels to watch on a bounce are $106,000 and $110,000. The speaker advises being very cautious if the price reaches these levels, as it could be an opportunity to take profits.
• Long-Term Outlook: The overall sentiment is cautious to bearish on a higher timeframe. If the current support fails, there could be a significant drop.
  • The speaker has "stink bids" (orders placed well below the current market price to catch a sudden crash) ready at $94,300.
  • A more severe downside target, which the speaker hopes is avoided, is the $87,000 - $88,000 region.
• Trading Plan (Next 4-6 hours):
  • Potential Buy Zones: The speaker identifies $100,200 and $99,000 as reasonable areas to look for a long (buy) opportunity, possibly after a "stop hunt" (a quick dip to trigger stop-loss orders).
  • Potential Sell/Take-Profit Zones: If the price moves up, the area between $102,900 - $103,600 is a "danger zone" that could cause a rejection. Higher resistance is at $105,000 and $105,900.

Takeaways

• For Holders: Be aware that while a short-term bounce is possible, the risk of a move down to $94,300 or even $88,000 remains on the table if current support at $98,000 breaks.
• For Traders: Look for potential short-term buying opportunities around $99,000 - $100,200. If you are in a long position, consider taking profits in the $103,000 - $106,000 range, as this is expected to be heavy resistance.

Ethereum (ETH)

• Ethereum has been "really abused" and has taken a lot of pain, finding major support at $3,170.
• The speaker is bearish on ETH's structure, suggesting a possible scenario where it rallies to the $3,600 - $3,800 area before a much larger rejection and move to the downside.
• A potential future downside target could be $2,750.

Takeaways

• Any strength or rally in ETH towards the $3,600 - $3,800 zone should be viewed with caution. This could be a good area to take profits rather than a sign of a new bull run.
• The level of $2,750 is a key downside level to watch if the market continues to weaken.

Solana (SOL)

• SOL broke below a key support level and dropped to $145.
• The speaker is looking for opportunities to short (bet on the price going down) if the price rallies.
• Key resistance and potential short zones are identified at $168.50 and a larger zone between $175 - $178. This area is significant as it also contains the 200-day moving average.
• If the market capitulates further, the speaker has limit buy orders waiting at $130, describing this level as an "absolute banger" of an opportunity.

Takeaways

• Be cautious of rallies into the $175 - $178 resistance zone, as this could be a prime area for the price to be rejected.
• For those looking to buy a significant dip, $130 is highlighted as a major level of interest for a potential strong bounce.

Privacy Coins (Zcash & ZK)

Zcash (ZEC)

• ZEC has been a massive outperformer due to the "privacy narrative."
• However, the speaker is now getting very cautious, feeling the move is "overcooked" and due for a correction.
• A major resistance and danger zone is at $500. The speaker has a small, low-risk short position in this area.
• A final "blow off top" could push the price to $520 or even $630 before a potential reversal.

Takeaways

• The privacy coin trend has been strong, but ZEC is approaching major long-term resistance at $500. This is a high-risk area to be buying.
• Existing holders might consider taking profits in this region, as the speaker believes "all good things come to an end."

ZK (Ticker not specified)

• ZK has also performed well, holding up nicely during the market sell-off.
• Support Zones: Potential areas to look for a bounce or entry are $5.66 and, if that fails, $5.38.
• Resistance Zone: A major hurdle overhead needs to be cleared for more upside. Scalp trades (short-term trades) could be considered in this region.

Takeaways

• ZK has shown relative strength. For those interested in the privacy narrative, watch the support levels at $5.66 and $5.38 for potential buying opportunities on a dip.

Other Altcoins

Tau (TAO)

• This coin has been very choppy and frustrating for the speaker. It is currently sitting on key support from its 50-day and 200-day moving averages.
• A bullish divergence is forming, which can be an early sign of a potential bounce.
• The speaker suggests that in this market, a 10% bounce is a "gift" and should be taken as a profit-taking opportunity.
• A key stop-loss level for anyone in a long position is a close below $3.64.

Virtual (VR)

• Similar to TAO, this coin has seen sharp bounces from support zones followed by relentless selling.
• Final Support: A key zone to watch for a bounce is between $1.17 - $1.20.
• Resistance/Short Zones: If the price rallies, potential rejection points are at $1.42 and $1.50.

Hyperliquid (HYPE)

• HYPE has shown strength and helped the speaker's portfolio.
• Potential Buy Zone: A dip to the $38.00 - $38.80 area could be a buying opportunity for a "higher low."
• Resistance/Exit Zones: The first danger zone is at $41.00. The speaker's final exit plan for their long position is at $44.40 - $44.50.

XRP (XRP)

• The speaker is explicitly bearish on XRP and is looking for shorting opportunities.
• An "absolute cracker" of a short zone is identified in the $0.238 - $0.245 range, where the price would meet trendline resistance.

Internet Computer (ICP)

• ICP had a massive 26% drop from a key resistance zone mentioned previously.
• The speaker advises against trying to short it now that it's on support.
• Potential bounce zones to watch are $4.70 and $4.25.