| It was all good just a week ago. All the crypto people in our office were certainly happier a week ago. Now, the people are concerned. "Should I buy more?" "Should I sell?" - In my opinion, you should trade the range. Be tactical with your capital. Remain patient. Don't lose sight of the bigger picture. I think we see $5k ETH or higher in the future. For now... We got the dip we called out last week, and we've traded into the low-end of the weekly estimated range we calculated at the time ($4,162). After re-running the numbers, the weekly estimated range is now $3,700 - $4,600. - The BTC range low last week was $114,000. Nothing to see here, spot prices are largely trading as the option market priced in. For what it's worth, BTC daily price momentum has shifted from bullish to neutral, while ETH momentum remains bullish across the daily, weekly, and monthly timeframes we track. Check the email this Saturday for any changes here. For reference, last week's market update: ETHplosion - 8-13-25 "This gives me a downside target of about $4,200 on ETH, per the spot price and current volatility. Now, these are not static ranges nor support and resistance levels, but areas where I'd consider taking profits or adding to my position within the trend. We could easily pull back to 4k during our ascension to the stars." You can't trade through the rearview. Looking ahead the Fed has their summer party in the mountains, the market is assigning about a 90% chance of a rate cut in September, and economic growth and inflation are holding up. Aside from any surprise from Jerome in Jackson, the backdrop for BTC and crypto seems solid at the moment. Performance dashboard, trading ranges, and correlations can be found below. Stay tasty, Ryan |