A high-conviction bounce trade is anticipated for MicroStrategy (MSTR), with a potential long entry near the $152 support zone targeting a 30% to 40% rally. For a bearish opportunity, consider a short position on Basic Attention Token (BAT) within the $0.36 to $0.38 resistance zone, as a significant drop is possible from this level. A high-risk long trade on Silver (XAG) has been initiated around $55, targeting a move to $59.93 with an exit on a close below $53.3. In Solana (SOL), a price increase to $152.5 is viewed as a prime opportunity to enter a new short position. Lastly, watch Bitcoin (BTC) as the macro support level between $86,800 and $88,300 presents a key area for a potential long entry.

Bitcoin (BTC)

• The speaker notes that Bitcoin is "coiling up for a move" and the market is currently choppy and confusing.
• A recent pump hit the first target of $93K, which is described as a "macro danger zone" where a rejection occurred.
• There is a potential for bearish divergence to form on the 2-hour chart, which would increase the probability of a move to the downside.
• Key Support Zones (Potential Long Entries):
  • Local Bull Zone: $90,400 down to $89,600. A drop into this area could still be considered bullish and a potential bounce zone.
  • Macro Bull Zone: $88,300 down to $86,800. The speaker states they would not be bearish on Bitcoin until it starts losing the $86,800 level.
• Key Resistance Zones (Potential Short Entries):
  • A push up to the $94K region is a level to reassess the market.
  • A major short zone is identified at $97K.
  • Higher timeframe short zones are at $91,600, $98,200, and $103,600. The speaker notes one of these could be a "banger" short that takes Bitcoin down to $50K.
  • The 200-day moving average at $109K is described as an "absolute war zone" and a very strong resistance.

Takeaways

• Sentiment: Mixed, but leaning cautiously bearish in the short term due to rejection at resistance and potential bearish divergence. Bullish if key support levels hold.
• For Bulls: Look for potential bounce trades in the support zones between $89,600 and $90,400. The stronger, macro support to watch is $86,800.
• For Bears: The area around $94K and $97K are identified as potential areas to enter short positions. A confirmed bearish divergence on the 2-hour chart would strengthen the bearish case.

Ethereum (ETH)

• The speaker is currently in a short position on ETH.
• ETH has been outperforming Bitcoin slightly during the recent chop.
• A key support zone at $2,980 held previously, leading to a bounce.
• The major rejection zone is $3,140.
• A notable market participant (Justin Sun) recently purchased another $44 million worth of ETH.

Takeaways

• Sentiment: Neutral to slightly bearish, as it's testing resistance.
• For Bulls: A long position could be considered as long as ETH holds above $2,961. A break and hold above $3,140 would be a strong bullish signal.
• For Bears: A short position could be considered with an exit plan (stop loss) on a candle close above $3,104. The area around $3,140 is the key resistance to watch for rejections.

Solana (SOL)

• The speaker is currently in a short position on SOL.
• The market is described as "pain at the moment" for SOL.
• Key Support Zones (Potential Long Entries):
  • Degen Bounce Zone: Around $139.
  • Bigger Bounce Zone: $136 down to $133.
• Key Resistance Zones (Potential Short Entries):
  • A fresh short entry could be considered at $152.5.
  • For anyone currently short, an exit plan is a candle close above $145.

Takeaways

• Sentiment: Bearish.
• For Bulls: Traders could look for short-term bounces at the $139 level or the stronger $133 - $136 zone.
• For Bears: The current trend is down. A pop to $152.5 is seen as an opportunity to enter a new short position. Existing shorts could be held as long as the price stays below $145.

Silver (XAG)

• The speaker notes that Silver is at an all-time high of around $55.
• This breakout occurred after the CME Group (a major exchange) temporarily shut down trading, which the speaker finds suspicious.
• Despite calling it a "dumb shit" trade to long at an all-time high, the speaker enters a long position.

Takeaways

• Sentiment: Bullish, but high-risk.
• Actionable Insight: A high-risk "price discovery" long trade is presented.
  • Entry: Current price (around $55).
  • Upside Target: $59.93 (based on a Fibonacci extension).
  • Risk Management: The exit plan is a candle close below $53.3, representing a roughly 4% risk.

MicroStrategy (MSTR)

• The speaker is long MSTR but is concerned about the position if the crypto market rolls over.
• It is noted that MSTR has only reached its current oversold levels three times since it began its Bitcoin strategy: during COVID, the 2022 bear market, and now.
• The speaker believes a big bounce is coming and that bears will get squeezed.

Takeaways

• Sentiment: Bullish.
• Actionable Insight: The speaker is waiting for a potential bounce trade.
  • Key Support: $152 is the "main reaction zone".
  • Potential Reward: If the $152 level holds, the speaker is looking for a 30% to 40% bounce.

Coinbase (COIN)

• The speaker describes COIN as having a major pump.
• The stock pumped directly into its 200-day moving average (MA), which is a significant technical resistance level.
• The speaker closed their long position because of this resistance.
• If the broader crypto market falls, the speaker expects COIN to drop to the $206 region.

Takeaways

• Sentiment: Neutral. Profit-taking is advised at current levels.
• For Bulls: A new long trade could be considered if COIN breaks decisively above the 200-day MA and then successfully retests it as support.
• For Bears: The 200-day MA is a strong resistance, making it a logical place to take profit on longs or even consider a short. A market downturn could send the price to $206.

Meme Coins & Altcoins

Basic Attention Token (BAT)

• Sentiment: Bearish.
• Takeaway: A short setup is identified as BAT pumps into a major weekly resistance zone.
  • Short Entry Zone: $0.36 to $0.38.
  • Potential Downside: A 30% to 40% drop is possible if the trade plays out.
  • Risk Management: The speaker advises using very small size, low leverage, and a wide stop-loss of at least 10%.

Hyperliquid (HYPE)

• Sentiment: Cautiously Bullish.
• Takeaway: The speaker is leaning towards a long position due to a potential "short squeeze" scenario. A single trader is $14 million short with a liquidation price at $40.96, which could act as a magnet for the price.
  • Long Entry Zone: A key support and potential long entry is at $32.9.
  • Risk: The trade has a defined risk of about 2.2%.
  • Target: The goal would be a move towards the $39 - $40 region to trigger the large liquidation.

Pump (PUMP)

• Sentiment: Neutral / Range-bound.
• Takeaway: The token is choppy, providing opportunities for both longs and shorts.
  • Short Entry Zone: $32 to $32.6.
  • Long Entry Zones:
    • Zone 1: $28.8 to $29.3.
    • Zone 2 (Stronger): $28.00.

Fartcoin (FART)

• Sentiment: Neutral, but the speaker is short.
• Takeaway: The trade is at a critical point.
  • For Bears: The short is still valid. The invalidation level is a candle close above $0.36.
  • For Bulls: If the price breaks out above $0.36, the next targets and potential rejection zones are $0.43 and $0.47. These higher levels could also present new short opportunities due to potential bearish divergence.

Brett (BRETT)

• Sentiment: Bullish, but approaching resistance.
• Takeaway: The token has been a strong outperformer and has already bounced from key support. For those holding, it's time to watch for resistance.
  • Rejection Zone 1: The VWAP (Volume-Weighted Average Price) at $2.1.
  • Rejection Zone 2: A stronger resistance area around $2.44.

Pepe (PEPE)

• Sentiment: Bullish.
• Takeaway: The speaker is holding a long position.
  • Upside Target: A major target is set at 49.70 (Note: this is likely shorthand for a price like 0.00004970).
  • Risk Management: The exit plan for the long trade is a candle close under 4.7 (Note: likely shorthand for 0.0000047). This would signal a loss of the current bullish trend.

Astar (ASTA)

• Sentiment: Neutral, with two potential trade plans.
• Takeaway:
  • The Swing Trade (Patient): The speaker believes the best entry for a larger move is lower, in the zone between $0.1025 and $0.105.
  • The Degen Trade (Immediate): Due to bullish divergence, a riskier long can be taken at the current price with a clear exit plan. The trade is invalidated on a candle close under $0.1092. If stopped out, the plan would be to wait for the lower swing trade entry.