🧐 Will The Bitcoin Conference Mark The Top Again?

GM!

Here we are, once again, speculating whether the Bitcoin Vegas conference marks a BTC top. Simply put, there’s nothing to fear as long as BTC hovers above $107k. If we start closing candles below that level, then yes, a pullback will likely be on the table. At that point, we should aim for low one-hundreds.

That said, Trump media just announced a $2.5B Bitcoin treasury deal, tariffs are on hold, GameStop has officially confirmed the purchase of 4,710 BTC, and most charts are still in powerful positions.

One small red flag lately is people piling into ETH longs with a bit too much leverage—and we all know how that usually ends. Another is USDT dominance, which still refuses to leave this little support zone and threatens a bounce.

The key thing to remember is that BTC has plenty of breathing room. Even a pullback into the eighty-keks range (which still seems unlikely for now) would allow it to form a solid higher low on the weekly.

So personally, I wouldn’t panic even if that scenario plays out. For now, the real danger seems to be getting too bearish, especially with this correlation unfolding almost perfectly.

Speaking of yesterday’s ETH open interest spike, Etherians finally found their own Michael Saylor. After a cycle that ETH went through, it could use at least a few Microstrategies. Overall, I think ETH still sees the light before this cycle ends, and goes past all-time highs and beyond.

Good start, though!

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BTCUSDT 4H Binance with funding & open interest

I’m eyeing this low-timeframe pullback on BTC with an itchy trigger finger. This is one I’m looking to buy. Levels marked above. $107k is the 4H chart last stand for bulls - close below there and we probably tag that next box down. I’m thinking there’s about a 30% likelihood that we retest the 94k high timeframe support. The macro situation and credit expansion says to me we’re going higher sooner rather than later.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Really chunky smart-money movements into Popcat and Virtual on Solana, pretty much confirming we’re in the cycle phase, where betting on the battle-hardened, strong players is the right move.

Ethereum-smart money movements are much less chunky than on Solana, signalling less interest overall. Today’s top list offers plenty of new names to go through, though. DYOR.

PumpFuns of Hyperliquid.

The Hyperliquid, or more specifically, HyperEVM trenches, have been on absolute fire lately. It’s increasingly obvious that this is becoming the next Solana-like ecosystem, which means the “PumpFuns” of this eco will most likely become one of the most profitable protocols here.

For now, there are two leading players to keep an eye at:

• LIQD

• HFUN

• Bearich (Gaming on Abstract chain)

• Suby (Crypto payments)

• Kek AI (Personal AI trading quant)

• Pvp Duel (Telegram trading for Hyperliquid)

• Offline (Mysterious Solana project)

Seeing the turnout for the James Wynn saga is a great reminder for all of us to keep profits aside and never put all of them back into the volatility of crypto.

As Agent Chud says, “crypto is a butthole, exit only”.

stay safe homies,

Hix0n 🫡