$BTC. Bitcoin hasn't looked like this since April before the run from around 75K began. If price can stabilize in this range above roughly 107.3K we may see a choppy weekend between support and 110K, however if the breakdown plays out we're looking at the 103.9K/104K range, and if the velocity of the breakdown picks up It's possible price could touch the 99K range.
GM
$SPY $QQQ $SPX ā Weekend price action was crazy, but my bullish bias for February still holds. Took advantage of Mondayās open to scoop up more $TEM calls at the lows, still riding $TQQQ to the upside. $SPY $QQQ are hitting a key midpoint in the recoveryāgaps exist both ways now, so we either chop in this range for the rest of the week or see a stronger push at least 0.5% higher.
Been playing the lead-up to $CMG earningsāmight trim some contracts in profit before the bell to reduce risk, but expecting a strong move after hours. Same with $UBER tomorrow morning.
$BTC and crypto got wrecked over the weekendāespecially $ETH. Looked great Friday, but as always, a little economic turbulence and the crypto market absolutely melted. Rebound was strong, but Iām watching the imbalances left from the major wicks on the drop. Trumpās AI & Crypto Czar, David Sacks, is holding a press conference at 2:30 PM ET. Expectations seem high for every crypto-related announcement, and unless thereās something major today, I wouldnāt be surprised to see more downside turbulence to fill the lower gaps in $BTC, $ETH, $SOL, and the broader crypto market.
GM
$SPY $SPX $QQQ ā Wild morning. The market briefly priced in a false rumor that tariffs had been delayed to March 1st, despite no confirmation. Grabbed some $TQQQ puts before the news was debunked, locked in profits on the drop. That move took both equities and crypto down with it. I was already expecting a slightly bearish close, but that sell-off made things more aggressive than necessary.
Loading up on $TQQQ calls for mid-February, also picked up some $BLND calls. Still expecting February to be bullish. I figure money has to leave the market for the weekend with tariffs going live, but once thatās out of the way, I'm thinking next week the market finally has room to move. With FOMC and the tariff uncertainty behind us, the market can shift from unknowns to knownsāand the setup In my opinion leans bullish.
$BTC and crypto started strong. $ETH weekly looks unreal bullish if we can reclaim momentum over the weekend. If the broader market is bullish in February, Bitcoin and crypto could flip into a strong uptrend. Letās see how the weekend plays out, but generally, February is a bullish month.
GM
$SPY $SPX $QQQ ā Closed out the last of my $QQQ puts this morning. The bounce off the lows was stronger than expected. If we had dropped and chopped instead, Iād feel more bullish heading into the FOMC. Keep in mind, after the last FOMC, the market was pretty much down only until inauguration week. Since then, itās been a nonstop euphoric rally, with just one truly bearish dayāwhich was fucking extremeābefore ripping right back into the rally. Personally, Iām bullish going into February, but with the FOMC right before potential tariffs go live (Feb 1st), we could see some turbulence. At these levels, Iād rather look for long opportunities off any dips than try to short.
$BTC and crypto reacted better than expected off the bounce, but now price is stuck in a mid-zone. Bitcoin has gaps to the upside around 104K and gaps to the downside at 95K/92K. That might seem like a big range, but thatās just how Bitcoin movesāslow grind up on bullish news, fast drop on bearish news. If the FOMC throws out anything that shakes the market, those original downside targets for $BTC, $ETH, and $SOL are still in play. For the most part, Iām bullish heading into Februaryāunless the FOMC changes that.
GM
$SPY $SPX $QQQ ā Took profits on some $QQQ puts at the lows while still holding some $QQQ and $SPY puts for the 29th. Thereās a lot to break down.
$NVDA has dropped below the 200EMA for the first time since its massive rallyāa significant shift that shouldnāt be overlooked. This morningās rally mostly bounced off the big gap down, but upside volume is clearly slowing. With the FOMC on the 29th, itās hard to gauge how much risk the market is willing to take. Last time, the post-FOMC trend was "down only" until inauguration week, which kicked off a bounce that got way too euphoric, leading to todayās sharp retracement.
Iām not fully bearish, but the next few days are packed with unknowns. Between the FOMC, tariffs starting Feb 1, and the Deepseek situation, I donāt see a quick bullish reversalāat least not until after FOMC. Iām still expecting a retest of the lows for $SPY and $QQQ, which is why Iām holding onto puts and holding off on calls for nowālikely waiting until after FOMC or late tomorrow.
$BTC and crypto managed to avoid a flash crash but still look rough. Without major news to lift $SPY, $QQQ, or crypto, I expect Bitcoin to trend toward 92K/93K heading into FOMC. This would likely pull $ETH and $SOL toward the lower levels mentioned in my last update.
Market turbulence ā šÆ
$SPY $SPX $QQQ ā Looking for my puts from last weekās highs to print heavily into the 29th. $ES is tanking overnight, with many equities showing bearish movement. Watching to see how hard $SPY, $QQQ, and $SPX gap down at the open, but I remain bearish at least until the 29th. Iāll post a more detailed breakdown in the morning.
$BTC and crypto are taking the hardest hit, as usual. $BTC, $ETH, and $SOL charts look wild. Iād stay cautious on longsāthe nonstop drop in crypto has been wild, and the market seems to have entered flash crash territory. Bitcoin and crypto are still trading like "Digital Equity ETFs" rather than "Digital Gold." If equities gap down at the open, which seems likely, I wouldnāt be surprised to see $BTC drop to 92K/93K, $ETH to 2700, and $SOL to the 170/180 range.
Those levels feel extreme to me, and while crypto charts are technically pointing to a relief rally soon, with crypto mirroring equities, itās hard to see that playing out in the next 24 hours. Add the FOMC on the 29th, and the first half of the week could be pretty bearish.
Iāll post a full breakdown of how things are looking in the morning once the equities market opens.
GM
$SPX $QQQ $SPY ā Strong week as expected, but with less than a week to go before the FOMC on the 29th, I find it hard to believe we wonāt see market turbulence next week. I took profit on some shorter-term $QQQ puts at yesterday morningās lows, still holding puts for the 29th, and added more $SPY puts near the highs around the close. If the market continues surging early next week, Iāll cut the puts, but Iād rather keep the hedge on my longs at these highs. The bounce from the lows has been powerful, but the market feels overly euphoric with the FOMC so close.
$BTC and crypto had the news-driven pop, but it was weaker than expected. What we saw instead were wild swings clearing liquidity on both sides. $SOL and $ETH look better positioned for a stronger rally than Bitcoin, but Iād remain cautious about getting too bullish ahead of the FOMC. Iāll be watching $SOL and $ETH for potential moves this weekend, Bitcoin heading for ATHs is possible as well, but If we get the pullback on equities next week I would expect crypto to follow. Once the FOMC is out of the way, I expect February to be bullish for crypto.
GM
$SPX $QQQ $SPY ā Solid rally to kick off the week. As Iāve been saying all month, Iām bullish until the 22ndā23rd, which weāre now hitting. $SPY calls printed off the dip, but Iām starting to scale into $QQQ puts in this range. The rally has been strong, but with FOMC week coming up, a correction would make sense. While I donāt expect this FOMC event to result in the same downward pressure as last time, based off the previous reaction to the FOMC, I'm expecting this rally to pull back heading into the 29th.
Slightly different read on $BTC and crypto. $BTC has mostly mirrored $SPX / $SPY, but major crypto news between now and the 29th could send crypto on its own rally $BTC, $ETH, $SOL, and related plays like $MSTR and $MARA. Otherwise, Iād stay cautious about being overly bullish until FOMC is behind us.
$SOL congested again, and the crypto markets liquidating hard.
Maybe they should try gas fees to prioritize transactions, and use some L2's to scale independent networks where things like meme coins could have full priority focus without putting everything else on the network at risk each time the main network gets congested.
$INTC Huge move this morning. Didnāt think it would stay under $20 for long. Weekly gaps to the upside are still there. CEO announcement, possible acquisition rumor, regardless of all of that Intel at these lows Is still a buy for me.
GM
$SPX $QQQ $SPY ā Bullish momentum is carrying into the weekly close, with equities retesting the midpoint of this morning's rally. The recent push higher is likely driven by repositioning ahead of potential bullish announcements next week. A strong close is possible with markets closed on Monday, but the sharp rally we've had recently may result in some profit-taking into the close as traders look to reduce some risk, keeping the close likely within the neutral range weāre currently trading in.
$BTC and crypto are flying. Speculation for next week has Bitcoin fully breaking its bearish trend, would not be surprised to see Bitcoin push towards ATHs this weekend before Monday. Watching $MSTR, $MSTX, and $MARA for strong moves into next week.
GM
$SPY $SPX $QQQ ā We got the pullback yesterday, but a strong bounce into the close, and CPI came in with a boost this morning. Markets are closed Monday, so we should see this bullish momentum carry into Friday.
$BTC and crypto are set up for a strong weekend, so I wouldnāt be surprised to see $MSTR $MSTX $MARA $CLSK $COIN and other crypto equities finish the week strong.
FOMC on the 29th. Iāve been leaning bullish, but Iām expecting volatility leading into it and probably some bearish pressure late next week. Ideally, we get a nice run into the 22nd-23rd before things start getting choppy.
GM
$SPY $QQQ $SPX ā End of day yesterday got interesting. We saw some relief at key support, triggering a solid bounce in equities, $DXY cooled off, and $BTC ran with it overnight. But now weāre seeing the expected pullback across the board, including $DXY finding support.
This morningās PPI data came in decent, and CPI tomorrow could give us another bounce, but markets are still in high-risk territory.
This pullback was expected, but this range needs to hold across the board. If $SPX $SPY $QQQ canāt hold this mid-range, and we get another retest of yesterdayās low, then we could see a full drop to lower targets.
Iām still leaning bullish, but direction remains unclear until this pullback shows us if support holds.
GM
$SPY $QQQ $SPX ā Bearish pressure isnāt letting up. If $QQQ canāt hold support, Iām watching 478, and $SPY around 557. Those would be big drops, especially with how little relief weāve seen so far.
Thereās some hopium for relief this week with the inauguration ahead, but after that, FOMC on the 29th will likely bring bearish pressure back.
This week is packed with economic data ā PPI tomorrow, CPI Wednesday. Either could spark a relief rally or a hard drop to those lower targets.
$BTC and crypto still looking rough.
If Bitcoin flushes, 79-80K is on the table. But at this point, crypto is just following equities. All eyes on $SPY and $QQQ to lead the way.
$BTC 2D. Let's stick to the 2Day chart, targets are the same on most higher time frames. We have gaps open to the upside on the 2D, 1D, 12Hour, towards 96.5K/97.1K, we may see these filled over the weekend, but Bitcoin Is testing crucial lows here. With the equities market testing and losing some lows going into the Friday close, and the $DXY continuing to climb, Bitcoin could go lower before it moves to fill the upper gaps. If unable to build support here and find a bounce to fill those gaps, then a drop a drop to the 91K/87K becomes more likely. Really depends a lot on how equities close, and If the $DXY can find a temporary top for the weekend.
GM.
$SPY $QQQ $SPX markets have been straight bullshit lately.
Jobs data came in solid this morning, but all that does is keep the "higher for longer" rate fears going. A few days ago, sentiment was: "Maybe fewer rate cuts in 2025."
Now the BOA Is saying they are potentially expecting Zero rate cuts for 2025, and I'm seeing random talks of potential rate hikes.
Iām just not buying it. The incoming administration has been vocal about rates being too high. Hard to believe this narrative sticks going into February. Feels like we just need to ride it out for another week or two.
$SPX keeps flashing its first potential bullish divergence on the daily, but no confirmation yet. Meanwhile, $DXY keeps climbing while other currencies are testing extreme lows ā all of this continues to put bearish pressure on the markets.
Structurally, $SPY $QQQ $SPX look rough. A drop to lower levels isnāt off the table, but we'll likely have to wait for Monday open to get a better read on If we're nearing a bottom. Wouldnāt expect much relief going into a Friday close.
As for $BTC and crypto, I'll post a $BTC chart solo later, but If $SPY $QQQ close looking this rough, BTC would be at risk of a drop to 87K over the weekend. It is still trying to hold support here, and like all the other charts Is just holding above a crucial support.