🧭 Big Picture: Market is Still Bullish, But It’s Decision Time
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Bitcoin has rallied hard off April’s lows near $76K to retest the $104K-$105K resistance zone.
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XO thinks the move has been strong, but the market now sits at a key inflection point.
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Pullback zones are likely next, with $97K and $91K being the most important support levels.
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He's not buying here; he’s waiting for cleaner setups from lower down.
🔍 Key Levels to Watch
| Level | Significance |
|---|---|
| $105K | Strong resistance. XO calls it a "wall". |
| $97K | First ideal long entry; previous mid-range. |
| $91K–92K | Yearly open area; final line of support. |
| Below $88K | Cycle structure breaks; outlook turns cautious. |
⚙️ Strategy: Patience Over Prediction
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Not interested in long trades at resistance. He wants clean setups from deeper pullbacks.
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Two main trade plans:
Key Highlights:-
Long at $97K or $91K if structure holds.
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Hedge spot exposure and possibly short if $105K fails to break and price rolls over.
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“Longing straight into resistance isn’t worth the risk-to-reward. I’d rather wait for 97s or 91s.”
📈 Bitcoin Structure: Rangebound With Volatility
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XO sees current conditions as rangebound, not trending.
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Past examples (like summer 2024) show 3-drive patterns, base building, then expansions — followed by strong corrections.
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If this pattern repeats, a move back to the mid-range (97K) is highly probable.
📉 Equities and Correlation
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Major equity indices (S&P, Nasdaq, Nikkei) also at key levels.
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A pullback in equities could trigger Bitcoin to revisit $91K or lower.
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If indices hold or grind higher, BTC may just range or climb slowly.
🧠 Sentiment and Traps
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XO warns about long traps above $105K.
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Many shorted over the weekend; liquidations could push BTC to 108K temporarily before a reversal.
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But he’s not trading breakout longs unless structure proves it’s not a trap.
“Breakout traders and forced short liquidations can drive price up fast — but those aren’t trades I chase.”
🪙 Altcoins: Big Opportunities Ahead
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XO sees altcoins as the real play, especially if BTC enters a sideways phase between 97K–106K.
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Favors AI coins, memecoins, and names like GOAT, ENA, SUI, Solana, and Ethereum.
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Watching for higher lows or deep retracements on strong names for accumulation.
🧠 Eth & ETH/BTC: Watch the Rotation
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Ethereum is at resistance, but ETH/BTC has bounced from key multi-year support.
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A stronger ETH/BTC ratio means alts may lead soon.
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If ETH/BTC keeps pushing higher, it signals capital rotating into altcoins.
🔄 Trader Mindset: Precision Over Noise
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XO doesn’t care for vague predictions like “BTC to 130K” or “drop to 80K.”
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He trades based on clear, defined levels and setups.
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Uses oscillators, moving averages, and structure — not just raw sentiment.
“I only trade what my system gives me. If I don’t get a setup, I don’t force it.”
💼 Final Takeaway
TraderXO is cautiously optimistic:
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Bias: Bullish but not buying here — waiting for pullbacks.
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Focus: BTC ranges or pulls back → altcoins show relative strength → best setups appear.
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Primary targets: Accumulate at $97K or $91K BTC. Otherwise, wait.
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Alt strategy: Build positions slowly in structurally strong coins, especially if BTC corrects or consolidates.
“If we do get the pullback I’m waiting for, altcoins will offer the best asymmetric trades of the quarter.”
