Exercise short-term caution on Bitcoin (BTC), as market makers may sweep liquidity below the $62,000 Monday low before any sustained upward move toward the $72,000 resistance. Watch Solana (SOL) closely ahead of its August 10th decision point, using $75 as the crucial bias level and keeping a strict stop loss near $70.24 on long positions. Avoid chasing Tesla (TSLA) if it rallies into the $365 to $383 resistance band, as this zone is expected to form a short-term lower-high ceiling. Capitalize on the SpaceX relief rally by targeting a run toward $136, while remaining mindful of a potential deeper drop to $85 by June of next year. Wait for a confirmed breakout and reclaim of the 200 EMA before allocating fresh capital to cyclical tech opportunities like Micron Technology (MU) and SK Hynix.

Bitcoin (BTC)

• Bitcoin is entering the final phase of the market cycle, remaining in a range-bound structure with low volume and low exchange volume.
• Price is currently trading below the 21 EMA in a short-term downtrend, holding right around an anchored VWAP on the hourly timeframe.
• The 5-day candle recently narrowly avoided closing below the key "deadly orange line" at $62,452, which was saved by the bulls.
• Market makers may target a liquidity pool of over $100 million in stop losses sitting just above $62,000 (near the Monday low), raising the probability of a short-term sweep to the downside before the end of the week.
• A potential macro catalyst to watch is the Clarity Act; if it fails to pass this year, it could trigger a major final leg down in the market.

Takeaways

• Exercise caution in the short term, as low timeframe indicators suggest a pull back or sweep of the $62,000 Monday low is likely before any sustained upward move.
• Watch for a potential bullish breakout if Bitcoin can eventually clear resistance and hold above the $72,000 region.

Micron Technology (MU)

• Highlighted as one of the key AI stocks available for a promotional risk-free trade on Bybit, where a $1,000 airdrop position can be utilized and profits are fully withdrawable.
• Pre-market and overnight trading are attempting to push toward the upside, though the stock remains in an overall downtrend.
• Technical patterns show a potential falling wedge formation building on lower timeframes.

Takeaways

• For a safer entry, wait for a confirmed breakout and reclaim of the 200 EMA to shift the macro structure before allocating capital.

SK Hynix (Part of KOSPI)

• Identified as a major component of the KOSPI index and another eligible asset for the Bybit $1,000 risk-free airdrop trade.
• Currently testing underside resistance near the 200 EMA, presenting a potential mean-reversion trade setup with a 3-to-1 risk-to-reward ratio if immediate continuation occurs.

Takeaways

• Look for a break and reclaim above the 200 EMA and a recapture of the 7,000 level on the KOSPI index to confirm a bullish trend shift before taking long positions.

SanDisk

• Mentioned as the third eligible stock option for the Bybit $1,000 airdrop voucher promotion.
• Exhibits lower lows and lower highs, but is forming a potential higher low on very low timeframes following an initial strong sell-off.

Takeaways

• Watch for a recapture of the 1,500 level, which would simultaneously break the downtrend line, reclaim the 200 EMA, and cross the 50% retracement level to signal strength for bulls.

Solana (SOL)

• Price action is undergoing massive compression into an apex, with a key decision point expected around August 10th that could trigger a major breakdown or breakout.
• The yellow box region around $75 acts as the crucial line in the sand: the bias is bearish below this level and bullish above it.

Takeaways

• Maintain strict risk management using stop losses (such as floating a stop loss around $70.24 on existing long positions) and be prepared to flip or enter short if a confirmed breakdown occurs.

Tesla (TSLA)

• Expected to rally into a resistance zone between $365 and $383 to form a lower-high territory, after which a pullback is anticipated.

Takeaways

• Exercise caution if chasing the stock in the $365 to $383 resistance band, as it represents a likely lower-high ceiling in the short term.

SpaceX

• Experiencing a relief rally building a range low, with potential to run up toward the $136 region.
• Suffered a major pullback of over 53% from its highs, matching previous warnings of a 50% drop from retail peaks.

Takeaways

• Expect short-term relief toward $136, but remain cautious of long-term downside targets toward $85 by June of next year.