$ADA is coiling inside a descending wedge and the exit looks ugly 📉
They've been squeezing Cardano into a tighter and tighter range, and right now the lower support is cracking. This isn't a setup built for longs it's a trap that punishes anyone holding hope near $0.22.
The wedge has been printing lower highs for weeks. Upper boundary capping every attempt at $0.26, lower support sitting at $0.22 and the latest candles just broke that floor. No sharp rejection, no fakeout wick, just quiet bearish momentum doing what it does. 👀
Levels that matter:
Above $0.26 —the whole bearish narrative flips. That's where this wedge gets invalidated and the shorts start sweating.
Below $0.22 confirmed next area of interest is $0.20 to $0.21. That's the real target zone and it's closer than most people want to admit. #ADA
Candle behavior near the edge is telling. Bodies are compressing, wicks are shrinking. That kind of silence before a move usually means one side is about to get wrecked. Right now the structure is pointing at late longs as the sacrificial offering.
No volume data visible on this chart, which keeps a small door open for a fakeout but the momentum and candle structure don't lie. ⚡
The market reads bearish until $0.26 proves otherwise.
Because I never liked the idea of one company becoming the biggest buyer in the entire market.
The company accumulated more than 847,000 $BTC using a mix of share offerings, convertible debt, and constant access to capital markets. The model looked unstoppable while Bitcoin was making new highs.
Now the market is testing that model for the first time.
$MSTR has lost more than 80% from its peak. Tens of billions in market value have disappeared. STRC lost its peg and investors are starting to question whether the Bitcoin treasury trade is as safe as everyone believed.
The problem was never Bitcoin.
The problem was the market becoming too dependent on one buyer.
If Bitcoin keeps falling toward the $52k-$48k area, pressure on leveraged Bitcoin companies will continue increasing. That does not mean Strategy is finished, but it does mean the biggest bull case of the last cycle is now facing its biggest test.
The same people who were only talking about unlimited upside a few months ago are now discussing dilution, debt, liquidity, and forced selling.
Nobody wanted to believe me when I said we could see $BTC below $55k before the end of the month.
I kept saying the same thing: don’t confuse a bounce with a trend reversal.
Now Bitcoin has already dropped to the $58k area and suddenly the same people who were bullish are becoming bearish.
From a technical point of view, the most important thing that happened is that $BTC lost the $60k support area. For weeks, buyers were defending this zone, but once it broke, selling pressure accelerated very quickly. Right now, the $57k-$58k area is the next major support I’m watching. If that level fails, I think $52k comes much faster than people expect.
Another thing I don’t like is that Bitcoin is still making lower highs on the higher time frame. Every bounce is getting weaker and every major resistance is getting rejected. For me, nothing changes until BTC starts reclaiming levels above $63k-$66k.
I think $52k is the most likely bottom for now. But if the market gets worse and fear keeps growing, then we could easily see $48k. In a really bad scenario, even $45k is possible before Bitcoin finds a proper bottom.
Bearish Put Options Spike to Record Highs as Bitcoin Flirts with $60K
$BTC is facing an aggressive wave of institutional short interest as Wall Street derivative desks heavily brace for a deep technical breakdown. Trading metrics from June 25 reveal that options volume on the BlackRock iShares Bitcoin Trust (NASDAQ: IBIT) - the largest spot vehicle on the market - skyrocketed to an unprecedented 1.1 million contracts.
This is double the 30-day moving average, with bearish put options completely overwhelming bullish call options by a staggering two-to-one ratio.
The immediate trading desk positioning points to a volatile, highly structured downward trap. The most heavily accumulated near-term contract is a direct bet that IBIT will collapse an additional 4.5% by Friday’s close.
Perhaps more telling, high-volume macro blocks are piling into options betting that the index will bleed another 10% before July 31.
My take on this institutional onslaught: Wall Street is weaponizing the macro tape against crypto perma-bulls. With mega-cap chip stocks weakening and the CLARITY Act heavily bogged down in Senate gridlock - making a regulatory breakthrough before the congressional summer recess highly unlikely - the institutional flows have identified a path of least resistance.
$BTC dropping to an intraday baseline of $59,548 marks its absolute lowest trading corridor since late 2024. If the immediate $60,000 psychological floor gives way under this options weight, the liquidation cascade will be swift and unforgiving.
🚨 PlanB Sees $BTC Dropping Below $53K Before The Next Major Bottom Is In
The creator of the Stock-to-Flow model believes $BTC will likely revisit its Realized Price, currently sitting around $53,000. Interestingly, more and more analysts are now talking about the $50K–55K range, while just a few months ago the conversation was all about when BTC would hit $150K.
Do you think Bitcoin still needs one final capitulation before the next bull run?
$XRP at a Major Fork in the Road: Key Levels to Watch!
Sharing an insightful $XRP analysis from TradingView. The author highlights a crucial make-or-break moment for the coin. Here is the breakdown:
📌 Technical Picture & Bullish Catalysts:
#xrp is holding a multi-year ascending support around $1.15.
Strong fundamentals: Ripple secured preliminary MiCA approval in the EU. Plus, Binance's XRP reserves hit a 7-year low due to continuous withdrawals, signaling long-term holding.
⚠ Bearish Risks (The Capitulation Scenario):
Elliott Wave counts and potential yen carry trade unwind risks point to a possible final drop toward the $0.87 – $0.90 zone before any real recovery.
🚀 Key Levels to Watch:
$1.30 - a clean break shifts the near-term bias to bullish.
$1.65 - fully closes the door on the bear case.
$4.50 – $5.00 - the ultimate macro target if the bullish structure holds.
Summary: Hold $1.15 and reclaim $1.30 = bullish continuation. Lose $1.15 = expect a drop to $0.87.
A while ago, I spotted what looked like the perfect trade. The company had just released strong earnings, the market reaction was positive, and the stock was clearly ready to move. I was excited until I realized the market was already closed.
All I could do was watch the charts and wait. By the time trading resumed, most of the opportunity had already passed. That experience taught me that timing matters just as much as analysis.
Yesterday's $MU earnings reminded me of that moment. After reporting strong results, the stock surged after hours. While many traders had to wait for the next session, Bitget Stock+ users could react immediately and trade the move as it happened.
Markets don't pause for convenience. Earnings releases, breaking news, and major catalysts often happen outside regular trading hours.
That's why 24/5 access matters. With Bitget Stock+, traders can stay connected to opportunities when they appear not after they've already passed...
SC02 M5 - pending Short order. Entry lies within LVN + not affected by any weak zone, the current resistance zone is around 14.70% wide.
The downtrend has lasted 1 day 1 hour 25 minutes, with the largest recorded price decline at 85.99%. If price breaks above this resistance zone, the trend will likely reverse upward...
🚨 Could $BTC really fall to $42,000 before the next major recovery?
Jiang Zhuoer, founder of the former top mining pool BTC.TОP, believes the current bear cycle may not end until Q4 2026. He points to Strategy's mNAV ratio, which recently dropped to 0.72 - a level last seen near the 2022 market bottom.
Historically, mNAV has reached its lows about six months before Bitcoin itself formed a cycle bottom.
Despite being a long-term Bitcoin supporter, Zhuoer says he's still holding short positions and plans to buy BTC only after the market reaches his projected bottom zone around $42K–44K.
Is this another overly bearish prediction that won't age well? 👇
🔥 Have you been hearing more about $SOL lately? Because I definitely have.
Over the past few days alone:
▪ Allfunds added Solana support for tokenized fund distribution
▪ MoneyGram became a validator on the Solana network
At the same time, the Altcoin Index has climbed to 49/100 after dropping as low as 33 just a month ago. It feels like attention is slowly starting to return to $SOL and altcoins in general.
That said, not everything is bullish. According to CoinDesk, SOL is still down roughly 18% over the past month and is currently trading around $68.88. #solana
But let's be honest - when BTC falls, almost everything falls with it.
A lot of people are trying to find the top of SYN right now.
I think that’s a big mistake.
Almost 2 days ago, I told you not to short $SYN as I’m still bearish on SYN in the bigger picture but not bearish enough to short it now.
The chart is still making higher highs and higher lows, buyers are still defending every pullback, and most importantly, the $0.30-$0.32 area continues to hold. As long as that support stays intact, the structure remains bullish.
The next level I’m watching is around $0.40. If buyers manage to push through that area, I think $0.48 comes much faster than people expect. Volume is still strong and every dip is getting bought very quickly, which is not something I want to short against.
Will $SYN dump eventually?
Of course.
Every coin does.
But right now the chart is not showing me the kind of weakness I need to see before opening a short.
For now, I think trying to short SYN is more dangerous than longing it.
When the structure breaks, I’ll post the short setup.
🇪🇺 Ripple $XRP Is Getting Closer To Full MiCA Compliance
The company has received preliminary approval for a CASP license in Luxembourg, which would allow it to offer regulated crypto services across all 30 countries of the European Economic Area. #xrp
Combined with its existing EMI license, Ripple would be able to provide banks, fintechs, and businesses with crypto and stablecoin payment solutions under a single regulatory framework.
🚨 Wintermute Just Explained Why $BTC Can't Catch a Break
Many traders keep looking at ETFs, whales, or geopolitics. Wintermute thinks the real problem is much simpler - The Federal Reserve.
According to the market maker, crypto was simply the first market to react when negotiations around Iran collapsed because it trades 24/7, while traditional markets were still closed.
But the bigger issue remains monetary policy.
📉 Over $600M in long positions were liquidated over the weekend.
📉 Ethereum fell back below $2,000 and remains one of the weakest major assets.
📉 ETF and Strategy demand is no longer as strong as it was earlier in the cycle.
Meanwhile, the Fed is signaling that rates could stay higher for longer, making it harder for fresh capital to flow into crypto through ETFs, stablecoins, and other institutional channels.
The good news? Wintermute believes the market has already flushed out a large portion of excess leverage.
The bad news? Even if inflation data improves or geopolitical tensions ease, the next rally could be just a technical bounce - not the start of a new bull run.
$DOGE broke below $0.08, triggered $7.68M in long liquidations, and RSI is at 28
The $0.08 support level that held for weeks just gave way. Price dropped to $0.079, down 5.54% daily, falling below both the 9 and 21-day MAs. The breakdown triggered a cascade - leveraged longs forced out, panic selling amplified the move, sell volume hit 1.3B vs 1.1B buy volume. Futures netflow dropped 459% to -$46M in 24 hours. Derivatives market fully controlled by sellers right now. 😬
RSI at 28 - deeply oversold. Bears have total control on momentum indicators and that reading has historically preceded extended weakness, not immediate reversals. The derivatives picture is uniformly bearish: futures outflows, negative net buying, leveraged position exits. On that side of the ledger, $0.075 is the next target if selling continues.
But spot market tells a different story. Spot netflow dropped to -$7.7M - holders aren't rushing to sell. Spot buyers are actually dipping in while derivatives traders exit. That divergence between spot accumulation and derivatives selling is the classic setup that precedes sharp reversals once the derivative selling exhausts itself. Sellers exhausted on spot = even small buying can flip momentum fast. #DOGE
Recovery path: reclaim $0.08 first, then close above $0.085 to confirm the structure holds. Until then, derivatives pressure dominates. The spot accumulation signal is encouraging - but it needs the macro environment to cooperate too. $0.08 reclaim or $0.075 - those are the only two outcomes worth watching.