Hi guys…

Welcome back to The Crypto Fire!

The market has been very dull lately, and I've even had to go fishing to forget what's going on.

I think you should do the same – go fishing or jogging to refresh your mind and improve your thinking.

Perhaps after the major Asian holidays, the market will start to recover and become active again, and that's when we can pick up our swords and strike first.

You can almost smell the volatility in the air. After what felt like an eternity of chopping sideways and boring price action, the charts are finally painting a picture that gets our hearts racing.

We are not just talking about Bitcoin doing its usual thing. We are talking about a market wide shift where specific assets are raising their hands and demanding attention.

Now, let's look at some projects we can place our hopes in!

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Let us start with the big boss of the room. Bitcoin has been teasing us for weeks. It acts like it wants to break out, then it takes a nap.

But right now, $BTC ( ▼ 0.7% ) is looking incredibly coiled. It is sitting right under a major supply zone, and the selling pressure seems to be drying up.

When you look at the lower time frames, you can see buyers stepping in aggressively every time the price dips even slightly.

This is not retail traders panic buying with their lunch money. This looks like institutional accumulation.

The chart structure for $BTC is currently forming what looks like a classic continuation pattern. If you have been sitting on your hands waiting for a sign, this consolidation right below resistance is usually the calm before the storm.

The moment we get a clean candle close above this level, things are going to get very loud and very fast.

However, we need to be smart here. The market loves to fake people out. We are watching for a confirmed breakout with volume.

If $BTC can hold these current levels and push through, it essentially gives the green light for the rest of the market to go parabolic. But if it rejects here, we might see one more flush to scare out the weak hands.

While Bitcoin is deciding where it wants to go, there is one asset that frankly does not care what the rest of the market is doing.

That asset is Hyperliquid. If you look at the $HYPE ( ▲ 1.83% ) chart, it is nothing short of beautiful. It is currently in price discovery mode, which is trader speak for "the sky is the limit." The momentum behind $HYPE right now is undeniable.

It is breaking through resistance levels like a hot knife through butter. The volume profiles suggest that people are not just trading this token, they are holding it.

When an asset ignores general market weakness and pumps anyway, that is the strongest signal you can get. It tells you there is genuine demand for the product and the token, regardless of macro conditions.

The price action on $HYPE suggests it is leading the derivatives narrative right now. We are seeing higher highs and higher lows, the textbook definition of an uptrend.

If you are looking for relative strength, this is exactly where you find it. Just remember that parabolic moves often have corrections, so do not go chasing green candles blindly without a plan.

Moving over to the layer one wars, Solana continues to prove why it is a fan favorite. $SOL is showing incredible resilience. It has been grinding up slowly, building a solid floor of support.

Every time the bears try to push it down, the bulls show up to defend the line. This kind of price action is healthy. It is not just a manic pump, it is sustained growth.

But the Solana story is not just about the main token. We are seeing interesting moves from assets like $ZRO ( ▼ 15.64% ) and $POWER ( ▲ 6.98% ) as well. LayerZero is finally catching a bid, waking up from its slumber.

The chart for $ZRO looks like it is trying to carve out a bottom and reverse trend. When infrastructure plays like this start moving, it usually means smart money is rotating back into tech that actually connects the cryptocurrency market space.

Then you have $POWER. This is the dark horse of the group. It has been quietly accumulating and is now starting to print some very interesting candles.

The risk to reward ratio on plays like $POWER looks attractive here because they have not yet had the massive run up that other coins have seen.

It is lagging behind the leaders, which often presents a catch up opportunity for traders who missed the initial move on the majors.

We are in a very specific type of market right now. It is not a rising tide lifting all boats just yet. It is a stock picker's market, or rather, a token picker's market.

You have $BTC knocking on the door of heaven, $HYPE breaking sound barriers, and $SOL holding the fort.

The opportunities are there, but you have to be looking at the right charts. Do not get distracted by the noise.

Focus on the assets showing true relative strength and massive volume. The next few days could define the trend for the rest of the month.

⚠️ Disclaimer: This newsletter is for informational purposes only, just for fun and knowledge. This is not investment advice. Your money, your responsibility!