$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.
I bought $100k worth of more $BTC today while everyone else is panicking.
I still believe Bitcoin’s final bottom is below $55K, with $52K being the most important level I’m watching. A deeper flush toward $48K-$50K is still possible if fear accelerates.
But waiting for the perfect bottom may lead me miss the opportunity. And I think I should start buying from here because I have more than $800k capital in backup and my liquidation price is too far.
Also Bitcoin is already trading near major support between $56K-$58K. If price eventually reclaims $60K and starts pushing higher, the same people calling for lower prices today will suddenly become bullish.
The big profits are typically made by investing in fear, rather than in confirmation.
My timeline is filled with the people calling for $1,000 Ethereum, but I don’t think we are seeing it for now. #altcoins Ethereum has already been one of the hardest-hit major coins this cycle and is now building a strong base around the $1,500-$1,600 zone. Even with another Bitcoin flush, I think the realistic downside is around $1,200-$1,300.
Could we go below $1,200? Maybe. But I think the risk of trying to catch that exact level is much higher than people realize.
Right now, $ETH is holding better than many expected. If it reclaims $1,700, sentiment will change very quickly. The same people calling for $1,000 today will suddenly start talking about $2,000 again.
$BTC fell about 20% in June. Rough month, but let’s not get lost in the red candles.
The macro correction is hitting the whole market, but as usual, some projects have real things happening behind the scenes. Here are a few from the top 50 that have notable catalysts in July: #altcoins
▪ $SOL : Trying to get back above $73. Jito’s new terminal and Alpenglow updates are worth watching. Breaking $78–80 could shift the momentum.
▪ Hyperliquid: One of the cleaner charts in the top 50 right now, holding above $63. HIP-3 scaling is underway, though the monthly token unlock on the 6th is something to keep in mind. $HYPE
$BTC and $ETH Finish Their Weakest Month of the Year
June was the most difficult month of the year for the crypto market. Bitcoin lost around 20%, falling below $58,000, while Ethereum also dropped by more than 20% and continued its long-term downtrend.
Even with this decline, both cryptocurrencies still ended the second quarter with small gains. Bitcoin finished the quarter up about 1%, and Ethereum gained around 1.6%.
Several factors weighed on the market, including money leaving spot Bitcoin ETFs, uncertainty around major companies such as Strategy, and lower trading activity from investors. #ETH
There is still some optimism. Historically, July has often been a stronger month for crypto, with the biggest market rallies usually taking place during the autumn.
🚨 Strategy Just Gave Itself Permission To Sell $BTC
Strategy updated its financial policy, allowing the company to sell part of its $BTC holdings if needed - whether to strengthen its cash reserves, cover preferred stock dividends, or support share buybacks.
At the same time, the company announced:
• 📌 $1B buyback program for STRC and MSTR shares.
• 💰 Up to $1.25B in potential BTC sales to replenish its dollar reserves.
• 🏦 Cash reserves increased to $2.55B through MSTR stock sales.
They didn't sell a single BTC last week. They only sold MSTR shares.
Michael Saylor may still be one of Bitcoin's biggest believers, but the company is clearly shifting from maximum accumulation to risk management.
Do you think Strategy will actually start selling BTC? 👀
Last week, Solana processed a record $1.36B in tokenized stock trading 📊, capturing about 96% of the entire on-chain equity $BTC market. Every transaction means more activity on the network and more demand for SOL as gas.
At the same time, institutional adoption keeps growing. Spot Solana ETFs now manage more than $1B 💰, MoneyGram became a validator, and Toss Bank is using Solana for cross-border stablecoin payments.
Technically, the market is approaching a decision point. Bulls are testing the $76-$80 resistance zone ⚠. Break above it and liquidations could quickly push SOL higher. Lose the $72 support, however, and this rally may turn into another failed bounce.
Massive $4,300 Profit from my $SLX short with over 200% returns 📉😎
I’m the only who made profits shorting SLX While many influencers/KOLs tried shorting it and got absolutely nuked because they trade with emotions.
I knew the retest near the previous ATH wasn’t going to hold. Buying momentum was fading, the breakout failed, and that’s exactly where I pulled the trigger.
This isn’t luck. I know my levels before I enter a trade.
It’s not just $SLX either.
I called the exact top on $BEAT and made over $20,000 from that short. Same story with $BILL, $RAVE, and many others.
But I still believe the real bottom is below $55K. 😩
The reason is simple: every bounce is getting weaker. Bitcoin lost its rising channel, lost the 200 MA, and previous support has now turned into resistance.
Most traders get trapped because they think a $1,000-$2,000 bounce means the trend has changed. It doesn’t. A trend changes when resistance gets reclaimed and buyers can hold it. So far, every recovery has been sold faster than the previous one.💔
I still think the real bottom is below $55K. My main target remains around $52K, while a deeper flush toward $48K-$50K is possible if panic selling accelerates.
Don’t let a few green candles convince you the correction is over. The biggest rallies usually start after the market has disappointed the most people. 😭
Currently my all 3 trades are going in massive loss 😐
$TAC is down over $11k, OPEN is down over $2k and BTC is also red.
Should I close these trades and accept loss?
No, I will not close these trades in loss though I always lecture people to accept losses.
But here lemme tell you why;
I already told everyone that TAC was a very risky trade. After pumping more than 140%, it can still pump higher before the real dump starts. Even if this position goes $25k-$30k deeper into loss, I’m prepared for it because one thing is certain that TAC will crash hard towards $0.03 area.
$OPEN was already giving me profit before the market turned weak. I didn’t close it because I believe I buy it from the best point and with little pump in market OPEN will give me $5k-$6k profit. #BTC
And about $BTC , my view is still the same. I’ve been saying for weeks that Bitcoin’s bottom is likely below $55k. I buy $BTC for a short term profit but it’s currently giving me a little loss. If BTC dips more then I am ready to buy more to adjust my DCA.
Sometimes the best thing to do is nothing.
Not every red position needs to be closed. Not every green position needs to be sold.