“The Crypto Crash Is Imminent; Risks Loom as Storage Stocks Rally!”

Yesterday, we analyzed where Bitcoin’s target for this leg down might be. Today, Bitcoin is still trading within this hourly consolidation. Trading plan: If an upward BOS appears on the hourly chart and breaks out of the consolidation, wait until price reaches at least around 81,700 before shorting. You can look for longs along the way using the 15-minute chart.

If a downward BOS occurs, short at the rebound order block or FVG. Why wait here? It’s common for market makers to mess with you one more time before a real trend begins, so don’t rush to gamble on the current price.

The plan is to wait for the market move to unfold and for the POI to arrive. Ethereum’s price action is similar: after the hourly trendline breaks, consider shorting at 2,405.

As for Micron and SanDisk, I wanted to go long yesterday, and I also posted about going long on SanDisk. Yesterday, we discussed how the equal highs at 930 in Micron could draw the price upward. Now, watch for a pullback after a false breakout above 930. Assess resistance using the 4-hour Vegas channel. Since the Vegas golden cross in April this year, Micron has been showing signs of another death cross. So this renewed upward test carries risk.

Micron may pull back to 956-960, with 943 as a possible pullback level along the way. For SanDisk, watch for a false breakout above the high of 1,318 on the 23rd, and see if it pulls back near resistance around 1,335. Looking further out, 1,400 remains the shorting level.

Summary: During the day, wait to see which way Bitcoin breaks out of the consolidation; no move, no trade. As storage stocks continue to rise, start watching for a pullback and a potential entry. It will be safer to wait for a setup at the relevant levels!