$BTC Monitor a potential minor structure After the channel breaks down, price continues lower and the slope changes noticeably Price enters the previous range’s POC, wicks down to the low, then rebounds Watch for price to form a range and a potential false breakdown
If ideal price action appears, consider entering a long position
$PONS There are some signs of a reversal. The downward slope has shifted. Some positive news emerged this morning, and the rebound broke above the previous rebound high.
However, the relative accumulation of positions is still somewhat weak. I’ll keep monitoring it and won’t rush to enter.
If it consolidates within a narrow range again and then breaks higher, I’ll consider taking a bullish view. https://x.com/SanMuTrader/status/2110397619176615966
$PEPE is definitely worth keeping an eye on in the near term. A comparison of PEPE and BTC price movements shows that PEPE has been significantly more volatile than BTC recently (Figure 1). It has made several strong upward moves, but has been held back by market-wide pullbacks. Still, whenever the market shows signs of recovery, PEPE is one of the first to lead the charge.
The daily chart shows that the cost-basis clusters on the right are concentrated near the bottom, and accumulation is fairly strong. If the broader market recovers and PEPE itself enters a structural breakout phase...
In 1999, Berkshire’s stock price fell by about 20%, while the S&P rose 21%. The market questioned whether Buffett’s investment philosophy was outdated. But after the dot-com bubble burst in 2000, the market’s view of him changed dramatically.
Buffett hadn’t changed—or even done much. What changed was the market’s performance, yet the market’s judgment of him completely flipped.
Most people judge certain people and things based on current results. https://x.com/i/status/2115012703664099716
When asked which altcoin I've been paying the most attention to lately, my answer is $PONS .
I've been watching this token since it was at 0.6–0.7. I made a few trades along the way, but got stopped out each time.
The core thesis has never changed: PONS is the leading project in the RH ecosystem. The RH ecosystem was extremely popular in August and September, but its momentum started fading over the past month.
Whether $PONS can make a second leg up really depends on whether interest in the RH ecosystem will have a second wind.
As long as interest returns, $PONS will most likely make a move. And as an altcoin and a sector leader, that move is bound to be significant.
It's now down nearly 70% from its high. Based on how it's trading today, it's already moving against the broader market. This could also be seen as a sign that it's oversold in the short term.
A trend reversal typically goes through several stages: downtrend --> bottoming out --> sideways trading --> turning up (breakout) If it's strong enough, it may skip the sideways phase and turn up directly.
I've barely traded anything in the RH ecosystem, so I'm almost entirely unable to gauge whether interest in it is picking up again. I can only watch PONS's price action.
If it consolidates to build up strength before breaking out, I think that would fit the setup I'm expecting. But if it turns up directly, I'll also try getting in with a small position to test the waters.
I haven’t made any moves in the past two weeks. $BTC The key point is that the broader market is still moving sideways and hasn’t established a clear trend.
After last week’s pullback and this week’s choppy trading, we can tentatively identify the current short-term support and resistance zones.
A breakout to the upside still seems to lack sufficient accumulation. The best-case scenario remains another retest of support. I’ll look for an opportunity to establish a core position, then gradually increase it once strength is confirmed.