[ Weekly Market Outlook ]
TLDR: Very similar outlook to last week.
🔹 Broad Market:
Same as below.
Still think we consolidate/dip before we go higher. Pullbacks to ~$92K are bullish.
🔹 On-chain/Trenches:
Same as below, mostly.
Utility still seeing limited buys. Setups on really good long-term projects still have juicy R/R.
Sticking to the 2-4 meme rule. Memes continue to heat up, but won't put all my liq into them.
🔹 Takeaways:
Same as below.
Playing memes with small size. Not spending too much time, energy, or capital on them.
Sitting on good projects and trading the daily shift in attention. No need to do much rn but wait.
We're going to rip soon. Still looking for the white line to play out.
🔹 Broad Market Outlook:
We are getting the consolidation on $BTC that we were looking for last week.
This was a powerful 30% move, so a cool-off or consolidation at these levels is reasonable.
A wick/move below $92K isn't off the table imo. If we stay above $86-88K, I am still bullish.
The base case is that we consolidate/dip here before we continue to push higher.
(See white arrow below. ⏬ )
🔹 On-chain/Trenches Outlook:
Crystalized some profits from some riskier trades just in case $BTC pulls back/wicks down.
Used profits to grab more of my conviction plays on Solana (i.e. $VIRAL, $PVS, & $MAIAR).
Ton of volume for memes right now, but not for utility. Not a market where I have the most edge. Better R/R on utility on ETH/SOL/Base.
🔹 Takeaways:
Selectively playing memes with small size but not putting much time, attention, or energy into those trades.
For now, sitting on a good stack of free capital, buying conviction plays at low prices, and waiting for the market to show its hand.
Should see some good entries and R/R setups soon. For now, just sitting and waiting.
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