Ethereum (ETH) is on the verge of an explosive breakout above its all-time high, potentially fueled by a massive short squeeze. A key long-term price target for ETH is $7,300. Solana (SOL) is showing strength against ETH and could outperform, with $205 as the next major resistance. Bitcoin (BTC) is also expected to push for a new all-time high soon. For those looking to buy a dip in BTC, key support levels are around $118,400 and the $116,000 - $117,000 range.

Bitcoin (BTC)

• The speaker is bullish in the short term, expecting Bitcoin to break its all-time high soon.
• A potential short-term pump is anticipated, possibly driven by market makers teasing traders before the PPI (Producer Price Index) data release.
• A potential short trade setup was mentioned if BTC fakes out above the all-time high, specifically around the $124,000 level.
• Key support levels to watch on a pullback were identified at $120,000, $119,500, and $118,400.
• A significant CME gap (a price gap on the Chicago Mercantile Exchange futures chart, which often gets "filled") is present at $116,000 - $117,000, which could be a target if the market sees a deeper correction.
• The liquidation heatmap shows a large amount of leveraged long positions that would be liquidated around $117,000 and $115,000, making these levels attractive targets for a market downturn.
• From a macro perspective, the current US tariff situation is viewed as "super bullish for BTC".

Takeaways

• Short-Term Bullish: Expect a potential push to a new all-time high.
• Potential Short Opportunity: Traders could watch for a rejection or "fake-out" around the $124,000 level as a potential entry for a short position, especially with the PPI data release acting as a potential catalyst for a reversal.
• Key Dip-Buying Zones: For those looking to buy on a pullback, the key support levels are $118,400 and the CME gap area around $116,000 - $117,000.

Ethereum (ETH)

• Ethereum is described as being on the verge of breaking its all-time high, with the speaker anticipating an "explosive move."
• It's noted that $1.8 billion in short positions will be liquidated if ETH hits a new all-time high, which could fuel a "short squeeze" and accelerate the price increase.
• The speaker opened a starter long position live on the show, planning to "ape" (add significantly more) if it breaks the highs decisively.
• A key upside target, based on a Fibonacci extension, is $7,300.
• Major long-term support levels are identified at $4,000 and $3,400.
• For short-term traders, two "degen" (high-risk) long entry levels were provided for catching a quick dip:
  • $4,600
  • $4,500

Takeaways

• Bullish Breakout Imminent: ETH is positioned for a significant move. A break of the all-time high could be very powerful due to the large amount of short liquidations.
• Potential Long Strategy: The speaker suggests longing the breakout. A safe exit plan for this trade would be a close below $4,605.
• Dip-Buying Opportunities: High-risk traders could look for quick bounce plays at the $4,600 and $4,500 support levels. More conservative investors might wait for a pullback to the major $4,000 support zone.
• Long-Term Target: If the bull run continues, $7,300 is a potential long-term price target to watch.

Solana (SOL)

• Solana experienced a massive "short squeeze" yesterday, with the speaker noting they took significant profits on their position.
• The SOL/ETH trading pair is bouncing off a major long-term support level, suggesting that SOL may outperform ETH in the near future.
• Key upside resistance levels and potential targets are $205 (which