Bitcoin's Next Move Revealed: World Liberty Fallout & Why Cardano, DOT, AVAX May Never Recover

"And so right here at around $117,000 is the next big resistance that I could see. And so once we come up here, I'm going to start being very very cautious and I'll probably just like exit my positions because if you do look at the weekly chart, this candle right here is really really bad. It's a very uh bearish long wick candle at the top that put in a sweep of the previous highs. It's just bad looking all around. But that doesn't mean that we can't come up to at least this big cluster and this big support resistance area before we actually start to go back down. If we end up going back down or maybe some news will come out and we'll end up just pumping even harder and making new all-time highs."

"and indeed even some analysts at the likes of Bank of America which were previously saying we we would have no rate cuts have come out and said we have this year we have will have two"

"So, this is going to be decided in October, I believe, right?"

"So um assuming the rankings remain the same that would mean an expansion of total which is the total crypto market cap by 3.7 times current to currently the total market cap is at $3.7 trillion in total crypto market cap So look this is an interesting chart. It's the total crypto market cap over time and it shows the increase in the total market cap from pre two previous cycles from 2014 to the 2017 top and then from the 2017 top until 2021. So in the first cycle it grew by 37 times. Second cycle it grew by four times. So we have that diminishing returns. You see that for Bitcoin. You'll see it for the total crypto market cap. So you remember we need to increase the total market cap by 3.7 times. Right. Assuming that Cardono remains the same in terms of where it is in rankings. Mhm. But the previous cycle grew by four times. Okay. So it's a it's a fairly big ask."

"So TLDDR is it is it would be difficult to reach that all-time high given the total market cap potential for this cycle. Yeah. Doesn't mean that ADA doesn't have potential. Doesn't mean it can't rally. Probably will go through its previous high in November of 1.5."

"Gayscale has refiled its S1 ETF application for a Polka Dot ETF. Yep. I think this is important to note as well because this isn't one of these, you know, sort of these um companies that you've never heard of filing for a sort of random one. This is Grayscale. You know, this is what Grayscale do. Um so this is, you know, perhaps one of the more serious ETF ETF filings that we've seen and uh you know that could that could very well be big for DOT. Again, that I think is going to be approved sort of October, November time, approved or or disapproved."

"so potentially in the short term, we could have, you know, Avalanche and Avac could have potential, but don't count on it hitting the previous all-time high."

"That's on September 10th PPI. This is the producer price inflation and that's the precursor to the big day which is September the 11th which is the CPI number expected of 2.9% on the headline versus 2.7 previous and then the core um the core CPI number in terms of yearon-year is 3.1% versus 3.1% previous. So obviously this could line up expectations in terms of what's going to happen with monetary policy. So everyone's going to be keeping their eyes on that. So mark those dates."

"if it falls down, I do like this area right here around, you know, 0.36 to 0.34 simply because I believe it was on the daily chart. You could see big resistance right here, big support right here, big resistance right here, big resistance right here. What happens to big resistances? They turn into big supports just like what we saw with Bitcoin. So, if it comes back down there, that's where I'll be buying it. But right now, it's up way too much. And I think that there's other coins that are better value than this, considering that this only has 37 38% left to go in it before it reaches the all-time highs."

"So, if you were thinking about gambling on World Liberty Finance, it's actually probably the best opportunity to do that. But remember, this is a Trump coin. And just look at what look at all of the coins that Trump has launched and what has happened to them. So, are you really going to be, you know, gambling on this? Do you really want to do that? I don't know. If you do, though, I would probably put a stop either either down here or maybe even have it tighter and be over here. Um, but yeah, if it falls underneath the lows and closes underneath here at uh.176, then you just need to get out of it because it could be literally a bottomless pit of despair. If it closes underneath here, okay, but right now, if we see a bullish formation on maybe a lower time frame, then, you know, taking a shot at it might not be the worst thing. if this is the coin that you want to trade."

"So the rate the rate cut probabilities jumped uh on poly market in in indeed in the CME futures rate uh predictions of futures pricing there's 0% chance there's not going to be a cut so there will be a cut now it's 90% chance with 25 basis points and 10% chance of 50 and indeed even some analysts at the likes of Bank of America which were previously saying we we would have no rate cuts have come out and said we have this year we have will have two"

"Um but be that as it may in terms of potential short-term price action, it seems like a lot of predictions out there for 2025 have a price target between 25 to 35."

"That is a that is a I mean a 14x on anything you know certainly anything you know the top 10 is like in the top 120 or whatever it's at right now that is that is a very very big ask"

"So, uh the rate the rate cut probabilities jumped uh on poly market in in indeed in the CME futures rate uh predictions of futures pricing there's 0% chance there's not going to be a cut so there will be a cut now it's 90% chance with 25 basis points and 10% chance of 50"

"And as long as we keep on doing that, we're good to go and we're still in an uptrend and there's nothing to worry about in my opinion. However, if we close underneath this higher low, that will be very very concerning. And uh it doesn't look like we're doing that right now. So, we're good to go right now."

"And not only that, but this also is the 2024 all-time high right here. December 17th, that was the all-time high of 2024 and we're bouncing off of there. So, there's a lot of confluence right in this area. If we do lose this, obviously I would be a little worried and I would just wait for a bullish setup to form or if we come down here to that equal low area, then I would definitely want to be buying just spot Bitcoin right down here as well."

"And then on September 14th, uh this is also very interesting. There's a vote um in hyperlquids forums uh in terms of the validators must vote in ter on what stable coin provider they want to use for their own proprietary stable coin. The infra behind it. So it's quite interesting because they're moving they're thinking about moving away from USDC to their own native stable coin."