You gurus keep saying U.S. stocks don’t trap people… And sure, they don’t trap you—they liquidate you outright. So what’s the point of getting trapped? What’s wrong with all the people yelling every day to buy the dip in Micron and SanDisk? Micron fell from a high of 1,250 to 650, only halfway through its correction, and you’ve been calling a bottom ever since 950. Even from last year’s low, you’re still sitting on huge gains. Americans are holding nothing but low-priced shares, and the gurus have gotten everyone back home to buy their bags 😂 I reckon this latest move has driven another 60% of crypto traders out of the market.
I’m done with that shady company Intel too. My stop-loss got hit last night. From now on, I’m staying away from products outside my own area of expertise. When U.S. stocks fall, they really do fall harder than altcoins. Stick to making money within the limits of what you know.
$ETH ETH fell straight from above 2,440 to around 2,200, just like Bitcoin. It was another contract-driven rebound, with spot markets failing to follow through, so the drop has been especially smooth. 2,200 is the support to watch right now; if it breaks, look to 2,000. Everything above 2,300 is resistance. After failing to hold the 50-day EMA at 2,410, the short-term structure has turned bearish.
$BTC This rally was flimsy from the start. When the price broke above 81,000, open interest had only risen by 0.3%—a clear sign the move was driven by short covering, not spot buying. Once the shorts were squeezed out, the longs became the next group to get liquidated. That’s why I was so firm about telling you to hold your 79,400 short positions. There’s still plenty of long liquidation pressure stacked at 75,000, so there’s a good chance of another leg down. There’s short-side liquidity around 77,300, and a rebound to that area could trigger a short squeeze, but that would only be a short-term move. If you get the chance, be bold and short. The CLARITY Act failed in the Senate, 49 to 50. Now that the Democrats have taken Congress, it’s all but impossible for it to pass. Crypto is now just following the Nasdaq: AI stocks get repriced, and crypto gets deleveraged along with them. There’s no other logic to it. After a drop, prices can’t rebound that quickly—how could the market reverse before the big players have even accumulated? So don’t buy the dip for now. Wait patiently for an opportunity.
I’m done with that shady company Intel too. My stop-loss got hit last night. From now on, I’m staying away from products outside my own area of expertise. When U.S. stocks fall, they really do fall harder than altcoins. Stick to making money within the limits of what you know.
$ETH ETH fell straight from above 2,440 to around 2,200, just like Bitcoin. It was another contract-driven rebound, with spot markets failing to follow through, so the drop has been especially smooth. 2,200 is the support to watch right now; if it breaks, look to 2,000. Everything above 2,300 is resistance. After failing to hold the 50-day EMA at 2,410, the short-term structure has turned bearish.
$BTC This rally was flimsy from the start. When the price broke above 81,000, open interest had only risen by 0.3%—a clear sign the move was driven by short covering, not spot buying. Once the shorts were squeezed out, the longs became the next group to get liquidated. That’s why I was so firm about telling you to hold your 79,400 short positions. There’s still plenty of long liquidation pressure stacked at 75,000, so there’s a good chance of another leg down. There’s short-side liquidity around 77,300, and a rebound to that area could trigger a short squeeze, but that would only be a short-term move. If you get the chance, be bold and short. The CLARITY Act failed in the Senate, 49 to 50. Now that the Democrats have taken Congress, it’s all but impossible for it to pass. Crypto is now just following the Nasdaq: AI stocks get repriced, and crypto gets deleveraged along with them. There’s no other logic to it. After a drop, prices can’t rebound that quickly—how could the market reverse before the big players have even accumulated? So don’t buy the dip for now. Wait patiently for an opportunity.
