A clear entry for a long position in Platinum is available now, with a recommended stop loss placed just below the recent price low. Consider de-risking or taking profits on Bitcoin (BTC) as it approaches the $103,000 - $106,000 resistance zone, where a short trade could be initiated upon signs of weakness. A high-conviction short trade remains active on MicroStrategy (MSTR) based on the belief it will trade significantly lower over time. For new crypto positions, watch for a potential long entry on Monero (XMR) if it pulls back to the $560 - $650 range. For a lower-risk yield opportunity, Figure Markets is offering up to 9% on deposits with a promotional cash prize sweepstake.

Bitcoin (BTC)

• The speaker's current overall bias is medium to high timeframe bearish, viewing the recent pump as a relief rally into resistance, similar to price action in the 2022 bear market.
• The primary thesis is that the market is in the early stages of a bear market and will likely see lower prices in the medium term. The speaker is personally de-risking into this rally.
• A key resistance zone to watch is between $103,000 and $106,000. The expectation is that price will likely fail in this area.
• A short trade could be considered if Bitcoin enters this $103k - $106k zone and shows signs of weakness.
• The speaker outlined several specific technical signals that would need to occur to flip his bias back to bullish:
  • Bitcoin price breaking and holding above the 21-week EMA and the 50-week EMA.
  • The "stop and reversal" indicator flipping to a buy signal.
  • The total crypto market cap (TOTAL) consolidating above $3.5 trillion.
  • The speaker notes this would take months to play out and is not the current base case.

Takeaways

• For Longs: This is considered a profit-taking environment. The key resistance zone of $103,000 - $106,000 is a logical area to consider de-risking or taking profits on long positions.
• For Shorts: A potential high-confidence short opportunity may present itself if Bitcoin rallies into the $103,000 - $106,000 zone and gets rejected. The speaker advises waiting for signs of weakness before entering a short.
• For Spot Holders: The speaker suggests remembering the feeling of the recent 30-40% drawdown and considering de-risking to protect capital. You can always re-enter the market later if the bullish thesis is confirmed.

Monero (XMR)

• The trade on Monero has successfully played out, hitting its take-profit target of $740, which was derived from a cup and handle chart pattern breakout.
• The speaker has taken significant profits, closing 25% of the position earlier and another 35% during the show.
• A potential re-entry zone for a new long position would be on a pullback into the $560 to $650 range.
• The speaker strongly advises against shorting Monero due to its demonstrated strength relative to the rest of the market.

Takeaways

• Action: If you were in this trade, the primary target has been met, and it is a logical time to take profits, following the speaker's lead.
• New Opportunity: For those who missed the move, watch for a potential pullback to the $560 - $650 area for a possible new entry.
• Risk: Do not short assets that are showing significant strength, as this is a high-risk strategy.

Stocks & Indices

• NASDAQ: The speaker was in a long trade but was stopped out for his first loss of the year. He will look for a new entry but is currently flat.
• S&P 500 & Dow Jones: The speaker's sentiment remains bullish, with the S&P 500 grinding up towards all-time highs.
• Tesla (TSLA): The speaker is holding a long trade and is not making any changes. He notes it's "fighting for this level" and may take days or weeks to get going.
• Apple (AAPL): The speaker is in a short trade and is taking some profits off the table (realizing a small loss due to funding fees).
• MicroStrategy (MSTR): The speaker is in a short trade and has taken some profits. He has a strong bearish conviction, stating he believes it will "re-rate much, much, much lower at a later date."
• Meta (META): The speaker's view is bearish, stating it "looks bad."
• NVIDIA (NVDA) & Robinhood (HOOD): Both are described as "chopping about" with no clear direction or trade setup.

Takeaways

• The broader US stock market indices remain in a bullish trend, though recent volatility has increased.
• The speaker is actively trading individual stocks in both directions (long TSLA, short AAPL and MSTR).
• The short position on MicroStrategy (MSTR) is held with strong long-term bearish conviction.

Commodities (Gold, Silver, Platinum)

• Gold: The speaker is bullish and expects the current rally to continue higher. He is holding a long position.
• Silver: After a significant price flush, the speaker believes it has been bought up and will also continue higher.
• Platinum: The speaker's long trade is still active and was not stopped out. He provides two actionable ideas:
  • For those in the trade: Raise your stop loss to just below the current day's low to reduce risk.
  • For those not in the trade: A "crystal clear entry" opportunity exists now, with a stop loss placed below the recent low.

Takeaways

• The sentiment across precious metals is bullish.
• The speaker is actively managing a Platinum trade and sees a clear entry for new participants at current levels, with a defined risk (stop loss below the recent low).

Other Crypto & Investment Opportunities

• Pippin (No Ticker): The speaker is maintaining a short position. The rationale is its relative weakness compared to the broader market. A break below $0.29 would be a key confirmation for the short trade.
• Ethereum (ETH): The speaker is holding a long trade and is not taking profits yet, believing it can move higher due to recent demand.
• Tron (TRX): A potential short trade setup is identified around the $0.31 level. This trade is conditional and would be best entered if Bitcoin is simultaneously showing weakness at its own resistance zone ($103k-$106k). The speaker emphasizes "no rush to short."
• Astar (ASTR): The speaker does not believe Astar is "dead" and considers it a top consideration for future investment. He anticipates a "rounded bottom" formation after its large drop but believes it's too early to buy now, expecting it to trade in a range for a while longer.
• Figure Markets (RWA Opportunity): This was mentioned as an unconventional, low-risk opportunity.
  • It is a US-regulated company focused on Real World Assets (RWA).
  • It offers up to 9% yield on deposits, paid out hourly.
  • They are running a promotion where depositing capital for 25 days earns sweepstake entries to win a share of $25,000, with a top prize of $20,000. This is presented as pure upside on top of the yield earned.

Takeaways

• Active Trades: The speaker is short Pippin and long ETH, managing both based on market conditions.
• Watchlist: Keep an eye on Tron (TRX) for a potential short at $0.31 and Astar (ASTR) as a long-term accumulation candidate once it forms a clearer bottom.
• Yield Opportunity: Figure Markets is presented as a regulated platform to earn a high yield on idle capital with the added bonus of a potential cash prize.