If bears are going to show up it is around here
$SPX needs to reclaim the 6350 area to cement momentum for another ath run this week
Otherwise I could see some repricing lower to fill out some gaps
Again not to be misconstrued as a doom post, just need to be on alert given august seasonality and a bunch of short term risks that the market might be overlooking
Dips will be for buying, but august-September we should see an uptick in vol.

Quarterly comes into focus now
Capped by the vwap
Still early in month as well
Perhaps a deeper wick to temper expectations
#BTC#

I am currently longing $RHEA as it has shown some really positive performance - up 70%+, despite market wide conditions
@rhea_finance is $NEAR Protocols flagship defi hub and a key player in the ecosystem as a whole
Rhea solves DeFi’s fragmentation by unifying DEX, lending, margin trading, and cross-chain access, letting users manage assets seamlessly across $NEAR, $BTC and EVM chains.
Can see this go materially higher in the coming days/weeks as we continue to wedge around monthly vwap

Decent soaking going on here
Fuel being engineered for higher
#BTC#

$PENGU still looks constructive to me
As long we build value here I see no qualms with more chop
The longer the pause (PIT) the stronger the next impulse will be
Don't think we are done yet
Just a halftime reset

Got to keep eyes on equities now that volatility is picking up again
August seasonality also needs to be factored in
Green wouldn't surprise me
We have contingency plan if we accept below yearly value
$SPX

Spot book clear as day you can see the amount of #BTC# scooped up on this dip
Nice gap in spreads here so logically expecting market to reprice higher from here
Im long with an invalidation at the weekly low
Looking for 117 plus
Send it:

Monthly range is holding
Now send it back to the vwap and higher
TY
$BTC

If bears declare victory and say it was obvious
Sure they were going off gut/feel (basically a punt)
but there is nothing is this pa that gave you a clear cut trigger to take the other side
We call this the dick cheese grater range set up
awful pa
#BTC#

They pulled orders higher
Expectation: HIGHER
#BTC#

#BTC# looks healthy imo
Lovely to see spot taking over the range
You can access this indi for free btw
I built it for you
Enjoy

Will be dabbling a lot more in stocks from here on out
so much opportunity
Im bullish on space exploration
Some of these charts look so well primed
Time to stack in like its the late 90s in internet boom
Very bullish on another bubble mania

Monthly VWAP has been place to transact
Needs to retake top of distribution to attack higher
Looks constructive here
#BTC#

Been very choppy
3 weeks of balance
Resistance
Support
Eventually this will break in a big way so just go with momentum when that comes
Given ydays pa id suspect we attack higher soon
#BTC#

Not much to report brothers
I am afk atm until FOMC
TLDR: 117 is support, 120 k is nut to crack for higher
All things considered not looking bad
Spot contribution to volume in range is picking up
You can see we were quite frothy to left of range so healthier here for sure since the dip/slurp Friday
See you mid week friends
#BTC

Building a perp-position on $pengu here
Clean reset as breakout longers have been washed
Don't mind if it takes a bit of time here, no doubt it will be the fastest out the block when it gets going

To me this looks like late shorts are trying to push an agenda here
I personally think this is a demand zone
Would be looking to long any swipes of these lows around Cash open
Look for heavy selling/chasing and signs of a b shape distribution in the making to lean on
#BTC#