Warning: The Crypto Pull Back Has Just Begun (More Downside Incoming)
Warning: The Crypto Pull Back Has Just Begun (More Downside Incoming)
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Stay cautious on Bitcoin (BTC): a bounce toward $85,000–$86,000 may precede further weakness; watch $79,000–$80,000 and $74,000 for potential staged entries, with $72,000 a deeper-risk scenario.
  • Use staged limit orders for Ethereum (ETH) at $2,472, $2,396, and $2,200, recognizing ETH’s relative weakness and that support is not guaranteed.
  • Consider Injective (INJ) only through staggered buys near $6.60 and $6.10, keeping cash available rather than committing all planned capital.
  • Treat XRP at $1.35 as a potential—not guaranteed—buying area, and wait for clearer stabilization before buying other altcoins, which could fall another 10%–15%.
  • Gold has longer-term appeal, but be cautious if nearby support fails, as a further 10%–15% decline is possible.
Detailed Analysis

Bitcoin (BTC)

  • The speaker sees the pullback as potentially beginning in earnest after repeated failures to break resistance and a loss of trend-line support.
  • Two near-term paths were outlined: a bounce toward $85,000–$86,000 followed by another decline, or a faster drop without much of a bounce.
  • The main downside areas are roughly $79,000–$80,000 and $74,000. A more aggressive downside scenario points to $72,000.
  • The speaker says a recovery above $86,000 would be needed to make the more bullish scenario more convincing. They also described a possible move toward $90,000 in late October or November, depending on how the pullback develops.
  • A pullback could attract new short sellers and create conditions for a short squeeze, which the speaker views as potential fuel for a later rally.

Takeaways

  • The discussion is near-term bearish but longer-term constructive. The speaker favors patience and staged buying over entering all at once.
  • Watch how BTC behaves around $79,000–$80,000 and $74,000. The speaker treats the bounce and subsequent price pattern as clues to whether downside could continue.
  • The $72,000 scenario is presented as a possibility, not the main forecast.

Ethereum (ETH)

  • ETH was cited as an example of a market that repeatedly failed to break through resistance and then began to fall more sharply.
  • The speaker identified limit-order levels at $2,472, $2,396, and $2,200, with the lowest level linked to the more severe BTC downside scenario.
  • ETH was described as having lost its trend more aggressively than some other altcoins.

Takeaways

  • The speaker’s approach is to use staged limit orders rather than commit all planned buying capital at the first level.
  • ETH’s relative weakness was presented as a warning sign, but the transcript does not establish that these levels will hold.

Altcoins (market-wide)

  • The speaker expects many altcoins could fall another 10%–15%, with the possibility of a double-digit down day if BTC weakens and market conditions deteriorate.
  • Some altcoins had held up better than BTC and ETH so far, but the speaker cautioned that relative resilience does not necessarily mean they are safe from a sharper decline.
  • The speaker described a pullback as a potential buying opportunity and said they were preparing limit orders, while also intending to keep some cash available.
  • A bounce in BTC could support a temporary altcoin recovery; if BTC continues lower, the speaker expects altcoin declines could accelerate.

Takeaways

  • The discussion favors waiting for clearer signs of a bottom and scaling into positions rather than buying simply because an asset has held up during the initial decline.
  • The speaker’s expected 10%–15% altcoin pullback is a forecast, not a certainty.

Solana (SOL)

  • SOL was said to have held up better than ETH but to be only beginning to lose trend support.
  • The speaker warned that losing the next support area could lead to a faster decline.

Takeaways

  • The speaker’s view is to wait for a clearer trend break or stabilization before treating SOL’s relative strength as a buying signal.

Chainlink (LINK)

  • LINK was described as only beginning to approach a potential trend break. The speaker said a broader altcoin-market decline could accelerate if key trends break.

Takeaways

  • No specific LINK price target was given. The discussion suggests watching whether support holds before considering an entry.

XRP

  • XRP was described as having started to lose trend support.
  • The speaker named $1.35 as a level of interest.

Takeaways

  • $1.35 was presented as a potential buying area, not a guaranteed floor. The broader market’s direction remains an important condition.

Injective (INJ)

  • INJ was down about 11% over the prior 24 hours, according to the speaker.
  • The speaker identified $6.60 and $6.10 as buy zones and said they planned to deploy about 60% of their intended capital across the relevant limit orders.

Takeaways

  • The speaker sees the decline as a potential accumulation opportunity, while planning to retain some cash rather than invest the entire intended amount immediately.

Avalanche (AVAX)

  • AVAX was described as still holding its trend at the time of the discussion. The speaker said a temporary bounce was possible, but that losing trend support could bring a faster decline.

Takeaways

  • The speaker’s stated approach is to wait for a clearer trend break or a confirmed recovery rather than assume AVAX is insulated from a broader pullback.

Sui (SUI)

  • SUI was also described as still holding trend support, with a possible temporary bounce.
  • The speaker said losing that support and then failing to regain recent highs could lead to further downside.

Takeaways

  • No specific price target was given. The discussion focuses on monitoring trend support and the quality of any bounce.

Zcash (ZEC)

  • The speaker was watching for a possible trend break as a chance to add to a position.
  • An entry figure was spoken as “$900,000 entries,” which is unclear in the transcript and cannot be reliably interpreted as a price target.

Takeaways

  • The transcript does not provide a usable ZEC entry price. The speaker’s view was conditional on ZEC losing trend support.

Hyperliquid (HYPE)

  • The speaker said they wanted to add HYPE to their portfolio, but noted it still had some support at the time.
  • A further market decline could create a better entry opportunity, in the speaker’s view.

Takeaways

  • No specific price level was given. The stated interest is conditional on how HYPE and the broader market respond to support.

NEAR Protocol (NEAR)

  • NEAR was described as trading between nearby levels, with additional liquidity around $6 that could attract price.

Takeaways

  • The speaker favored patience while NEAR remained between these areas; no explicit buy recommendation at $6 was given.

Render (RENDER)

  • Render was mentioned among tokens for which the speaker expected a further altcoin pullback of roughly 10%–15%.

Takeaways

  • No token-specific entry level or target was provided. The view was tied to the broader altcoin-market outlook.

SuperFarm (SUPER)

  • The speaker said they were looking to buy more SuperFarm when they considered it ready, but gave no price level or timing.

Takeaways

  • The interest was prospective rather than a specific recommendation; no entry criteria were provided.

Polkadot (DOT)

  • DOT was mentioned as starting to pull back, without a specific price target or additional thesis.

Takeaways

  • The transcript offers no coin-specific entry level or forecast beyond the broader expectation of altcoin weakness.

Hedera (HBAR)

  • HBAR was described as losing trend support, with the speaker watching for further downside.

Takeaways

  • No specific target was provided. The speaker’s view depends on whether the broader market continues lower.

Gold

  • The speaker said they had taken a small, tentative long position in gold.
  • They remained positive on gold over the longer term but warned that if it failed to bounce from nearby support, it could fall another 10%–15%.

Takeaways

  • The discussion combines a tentative near-term position with a longer-term bullish view. The speaker specifically flagged a failure to hold support as a reason for caution.

U.S. Dollar

  • The speaker said the dollar had risen sharply and could move higher in the near term, with limited resistance nearby.
  • Their broader view was that the dollar could turn lower after that additional move.

Takeaways

  • This is a near-term bullish, then bearish outlook on the dollar. No specific price target or timing was given.

Nasdaq

  • The speaker noted a bearish divergence: the Nasdaq was making higher highs while its RSI was making lower highs.
  • They said this could precede a significant reaction, while also pointing to support below that could help produce a bounce.

Takeaways

  • The speaker sees a possible near-term pullback, but expects support could matter if the decline develops. No index target or timing was specified.

Leverage and funded trading accounts

  • The speaker promoted funded trading accounts and noted that a 20× leverage option had become available, while saying they usually trade at 5×.
  • The transcript does not provide a detailed risk discussion or evaluate the account providers.

Takeaways

  • The mention is promotional rather than a market thesis. Treat leverage as a separate, high-stakes trading choice; the transcript does not establish that these accounts are suitable for any particular investor.
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Video Description
The altcoin pullback may be far from over. In this video, Sheldon breaks down why the current weakness could get even bigger and what it could mean for the next major move across the altcoin market. We’ll look at key market levels, current price action, and the signals traders should be watching as volatility increases. ______________________ 🎯 𝗦𝗡𝗜𝗣𝗘𝗥 𝗖𝗟𝗨𝗕 - 𝗧𝗿𝗮𝗱𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿! 𝗪𝗶𝗻 𝘄𝗶𝘁𝗵 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆, 𝗻𝗼𝘁 𝗟𝘂𝗰𝗸! ☑️ Your daily hub for trading insights, trades, and community. 👉 𝗕𝗲𝗰𝗼𝗺𝗲 𝗮 𝗦𝗻𝗶𝗽𝗲𝗿: https://sniperclub.net/JoinSniperTradingYT ______________________ 𝗧𝗥𝗔𝗗𝗘 𝗪𝗛𝗘𝗥𝗘 𝗦𝗛𝗘𝗟𝗗𝗢𝗡 𝗧𝗥𝗔𝗗𝗘𝗦! ⬇⬇⬇⬇⬇⬇ 🟦 𝗪𝗘𝗘𝗫 - 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝟭𝟬𝟬 𝗮𝗻𝗱 𝗧𝗿𝗮𝗱𝗲 𝘁𝗼 𝗚𝗲𝘁 𝟭𝟮𝟬 𝗨𝗦𝗗𝗧 𝗕𝗮𝗰𝗸! 👉 Sign up: https://bit.ly/Sheldon_WeeX_welcome 🚨 𝗕𝗜𝗧𝗕𝗔𝗦𝗘 - 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲! 𝗧𝗿𝗮𝗱𝗲 & 𝗘𝗮𝗿𝗻 𝗨𝗽 𝘁𝗼 𝟴𝟱𝟬 𝗨𝗦𝗗𝗧!!! 👉 Join here: https://bit.ly/Sheldon-Challenge 🟨 𝗕𝗬𝗕𝗜𝗧 - 𝗚𝗿𝗮𝗯 𝗮 $𝟱𝟬 𝗦𝗶𝗴𝗻-𝗨𝗽 𝗕𝗼𝗻𝘂𝘀 + 𝗘𝗮𝗿𝗻 𝘂𝗽 𝘁𝗼 $𝟯𝟬,𝟬𝟬𝟬 𝗶𝗻 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗕𝗼𝗻𝘂𝘀𝗲𝘀! 👉 Sign up: https://bit.ly/bybit-sheldon 🟩 𝗞𝗔𝗟𝗦𝗛𝗜 - 𝗧𝗿𝗮𝗱𝗲 $𝟱𝟬 & 𝗚𝗲𝘁 𝗮 $𝟮𝟱 𝗕𝗼𝗻𝘂𝘀 + $𝟱𝟬𝟬 𝗪𝗲𝗲𝗸𝗹𝘆 𝗚𝗶𝘃𝗲𝗮𝘄𝗮𝘆!!! 👉 Sign up: https://kalshi.com/p/sheldon ✅ Trade Leveraged Perps in 190+ countries 🟧 𝗕𝗟𝗢𝗙𝗜𝗡 – 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗡𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁𝗮 $𝟵𝟬𝟬 𝗙𝗿𝗲𝗲 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗧𝗿𝗮𝗱𝗲 +𝟮𝟬% 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗕𝗼𝗻𝘂𝘀! 👉 No KYC! Sign up: https://blofin.com/invite/Sheldon 🐋 𝗕𝗟𝗢𝗙𝗜𝗡 𝟯𝗥𝗗 𝗔𝗔𝗡𝗡𝗜𝗩𝗘𝗦𝗔𝗥𝗬 – 𝗨𝗽 𝘁𝗼 𝟯,𝟬𝟬𝟬,𝟬𝟬𝟬 𝗨𝗦𝗗𝗧 𝗶𝗻 𝗥𝗲𝘄𝗮𝗿𝗱𝘀! 🎁 Complete tasks, earn spins, unlock Mystery Boxes & compete for exclusive prizes! 👉Join now: https://bit.ly/Blofin-Anniversary-Sheldon 🟥 𝗧𝗢𝗢𝗕𝗜𝗧 - 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗮𝗻𝗱 𝗧𝗿𝗮𝗱𝗲 𝘁𝗼 𝗪𝗶𝗻 𝗨𝗽 𝘁𝗼 𝟲𝟬,𝟴𝟱𝟬 𝗨𝗦𝗗𝗧 𝗮𝗻𝗱 𝗠𝗼𝗿𝗲!! 🎁 New users will receive a 50 USDT Bonus! 🎁 Plus, get a 20% rebate when you deposit! Up to 800 USDT! 👉 𝗦𝗶𝗴𝗻 𝘂𝗽: https://bit.ly/Toobit-Sheldon 🟪 𝗧𝗫𝗙𝗟𝗢𝗪 - 𝗧𝗿𝗮𝗱𝗲 & 𝗘𝗮𝗿𝗻 𝗪𝗶𝘁𝗵 𝗧𝗵𝗲 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗪𝗵𝗲𝗿𝗲 𝗔𝗹𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗛𝗮𝗽𝗽𝗲𝗻𝘀! 🚨Get an EXCLUSIVE 5% Off Your Trading Fees when using the code below 1️⃣ Connect your wallet: https://bit.ly/TXFlow-Sheldon 2️⃣ Use code TXSHELDON to get 5% off trading fees ⬛️ 𝗩𝗔𝗥𝗜𝗔𝗧𝗜𝗢𝗡𝗔𝗟 𝗢𝗠𝗡𝗜 - 𝗧𝗿𝗮𝗱𝗲 𝘄𝗶𝘁𝗵 𝗭𝗲𝗿𝗼 𝗙𝗲𝗲𝘀 + 𝗚𝗲𝘁 𝗮 𝗕𝗮𝗻𝘁𝗲𝗿 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝟭𝟱% 𝗣𝗼𝗶𝗻𝘁𝘀 𝗕𝗼𝗼𝘀𝘁! 1️⃣ Connect your wallet: https://omni.variational.io 2️⃣ Once your wallet is connected, use code: OMNISNIPER 🚨 Note: If you don’t use the code above, you won’t get the 15% Points Boost! 🟦 𝗙𝗢𝗠𝗢 - 𝗚𝗲𝘁 𝗘𝗫𝗖𝗟𝗨𝗦𝗜𝗩𝗘 𝟭𝟬% 𝗢𝗙𝗙 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗙𝗲𝗲𝘀! 1️⃣ Sign up: https://fomo.family/r/SheldonSniper ⬜️ 𝗕𝗜𝗧𝗙𝗨𝗡𝗗𝗘𝗗 - 𝗨𝗻𝗹𝗼𝗰𝗸 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗕𝗶𝗴𝗴𝗲𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗙𝘂𝗻𝗱𝘀! 👉 𝗦𝗶𝗴𝗻 𝘂𝗽: https://bit.ly/bitfunded_register ______________________ 🎟️ 𝗧𝗢𝗞𝗘𝗡 𝟮𝟬𝟰𝟵 𝗦𝗜𝗡𝗚𝗔𝗣𝗢𝗥𝗘 - 𝗝𝗼𝗶𝗻 Crypto Banter 𝗮𝘁 𝘁𝗵𝗲 𝗪𝗼𝗿𝗹𝗱'𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝘃𝗲𝗻𝘁! 👉 Get 10% Off: https://bit.ly/Token2049-Sheldon ______________________ 𝗙𝗢𝗟𝗟𝗢𝗪 𝗦𝗛𝗘𝗟𝗗𝗢𝗡! ⬇⬇⬇⬇⬇⬇ 👉 𝗫: https://x.com/Sheldino_D 👉 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺: https://bit.ly/sniper-insta 👉 𝗔𝗹𝗹 𝗦𝗼𝗰𝗶𝗮𝗹𝘀: https://linktr.ee/sheldon_the_sniper 📺 𝗦𝗛𝗘𝗟𝗗𝗢𝗡 𝗧𝗛𝗘 𝗦𝗡𝗜𝗣𝗘𝗥 - 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗬𝗼𝘂𝗧𝘂𝗯𝗲 𝗖𝗵𝗮𝗻𝗻𝗲𝗹! 👉 https://www.youtube.com/@officialsnipertrading ______________________ 👁️‍🗨️ 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗮𝗻𝘁𝗲𝗿 𝗮𝗯𝗶𝗱𝗲 𝗯𝘆 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗰𝗼𝗱𝗲 𝗼𝗳 𝗰𝗼𝗻𝗱𝘂𝗰𝘁: 👉 https://www.cryptobanter.com/our-ethics/ We take our code of ethics very seriously and have engaged @zachxbt (https://twitter.com/zachxbt) to monitor our progress. If you feel we’re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.com (mailto:reportcb@protonmail.com) ⚠️ 𝗕𝗘𝗪𝗔𝗥𝗘 𝗢𝗙 𝗦𝗖𝗔𝗠𝗠𝗘𝗥𝗦 𝗜𝗡 𝗢𝗨𝗥 𝗖𝗢𝗠𝗠𝗘𝗡𝗧𝗦 𝗔𝗡𝗗 𝗖𝗢𝗠𝗠𝗨𝗡𝗜𝗧𝗬 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 ________________________ Crypto Banter is a live-streaming channel that brings you the hottest crypto news, market updates, and fundamentals of digital assets. Join the fastest-growing crypto trading community to get notified on the most profitable trades and the latest crypto market updates & news!! 📝 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: Crypto Banter is a social podcast for entertainment purposes only. All opinions expressed by the hosts, guests, and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research. #Bitcoin #Crypto #Altcoins #TradingAltcoins #Pullback #Sheldon ⏱ 𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀: 00:00 Why the Crypto Pullback Has Just Begun With More Downside Incoming 04:24 Why Bitcoin (BTC) Needs a Short Squeeze to Reach $100,000 07:44 Will the Bitcoin (BTC) Pullback Bottom at $79,000 or $74,000? 10:39 Are Altcoins Heading for a Double-Digit Red Day Buying Opportunity? 13:28 Is Solana (SOL) Safe as It Starts Losing Trend Support? 14:47 Ethereum (ETH) Buy Zones at $2,472, $2,396 and $2,200 16:32 Injective (INJ) Buy Zones at $6.70, $6.60 and $6.10 18:00 Could Gold (XAU) Drop Another 10% to 15% Soon? 19:19 Why RSI Divergence Signals an Aggressive Nasdaq (NAS100) Drop 20:39 Why Altcoins Could Pull Back Another 10% to 15% 🎬 𝗪𝗮𝘁𝗰𝗵 𝗦𝗵𝗲𝗹𝗱𝗼𝗻'𝘀 𝗙𝗥𝗘𝗘 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗟𝗲𝘀𝘀𝗼𝗻𝘀: https://www.youtube.com/watch?v=YGBLIYXXoOA&list=PLmOv2_vzOoGcTirwpJoyhGrYRnv1CRyIa 🎬𝗦𝗵𝗲𝗹𝗱𝗼𝗻'𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗣𝘂𝗹𝗹𝗯𝗮𝗰𝗸 𝗣𝗹𝗮𝘆𝘀: 🎞️𝗪𝗮𝘁𝗰𝗵 𝗦𝗵𝗲𝗹𝗱𝗼𝗻'𝘀 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗖𝗿𝗮𝘀𝗵 𝗪𝗮𝗿𝗻𝗶𝗻𝗴: https://youtu.be/IWaPzDQxqL4 🎞️𝗦𝗵𝗲𝗹𝗱𝗼𝗻'𝘀 𝗣𝘂𝗹𝗹𝗯𝗮𝗰𝗸 𝗪𝗮𝗿𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗘𝗻𝘁𝗿𝘆 𝗟𝗲𝘃𝗲𝗹𝘀: https://youtu.be/Ey06bebEvKE
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