CRYPTO MECHANIC

$ETH
Nothing much to update on it, The chart looks fine to me.

i am focused on high timeframes so anything happening on Lower timeframe is just noise for me.

BTC still hanging above support, think we’re going to see some volume soon.

$ZEC is now up 2x from my Buy
I reduced a portion of my trade but still holding a good size, probably going to hold the rest for now.

As Bitcoin has shifted its structure, a lot of people are now assuming that BTC will just go straight up from here.

That’s not what a structure shift means.

A structure shift simply means the previous bearish trend has been broken. It tells us that Bitcoin is no longer following the same bear market structure.

It doesn’t mean price has to immediately break out and make a new ATH.

Look at the previous cycles.

In 2022, after Bitcoin shifted its structure, BTC ranged around that area for roughly 203 days on the weekly timeframe.

And in the 2018–2019 cycle, after Bitcoin broke its bear market structure, it stayed within a range for almost 400 days.

There were obviously plenty of moves and pullbacks on lower timeframes, but the higher-timeframe structure remained range bound.

So yes, maybe this time Bitcoin continues higher immediately.

But it doesn't have to.

The important thing is that **the structure has shifted**.

That should change how you approach the market, not make you go all-in and expect a straight line up.

Instead, ask yourself:

Where do I want to buy BTC?
Do I want some exposure at current prices?
Do I want to wait for pullbacks?
Do I want to build my allocation slowly?

Whatever your plan is, use the structure shift to your advantage.

Don’t miss the bigger picture just because you’re waiting for the perfect entry but don’t chase the market just because the structure has shifted either.

I’ve been slowly accumulating PUMP over the past two weeks

It doesn’t really matter whether I trade memecoins or how much exposure I personally have to memecoins.

There will always be people who want to trade them, speculate on them, and gamble on them.

And as long as people continue trading memecoins, the platforms facilitating that activity will capture a big part of the value.

Pump.fun is the leading platform in this space.

Even though there isn’t crazy hype around memecoins right now, Pump.fun is still generating around $1M in revenue on average per day, and they allocate 50% of their revenue to PUMP buybacks and burns.

If we see another bull market, I think PUMP could be one of the tokens that performs well in the next cycle.

The reasons are simple:

People are unlikely to stop trading memecoins.
Pump.fun is one of the most profitable businesses in crypto right now.
It continues generating significant revenue even without peak memecoin hype.
50% of revenue going toward buybacks and burns creates ongoing demand for the token.

This is not a short-term setup.

It could take weeks or months to play out, and it may never play out at all.

So if you decide to accumulate some, make sure your position size is small enough that you’re comfortable holding it if the thesis takes longer than expected or doesn’t work at all.

$ETH
$2,000–$2,200 has had a significant impact on ETH’s price for years.
Every time price broke below this zone, it gave a clean move down.
Every time price reclaimed it, it gave a clean move up.

Now that price is above this zone once again, I think the invalidation is quite clean: as long as ETH holds $2,000–$2,200, the chart looks good, and for now, we can assume it’ll going up.

Below $2k we will be back to hating Ethereum.

We officially have a weekly market structure shift on $BTC

Coulb be better if the breakout candle was bigger than this but since we have a close above the last swing high, the structure has been shifted 🤝