Every crowded trade in this market broke this month, and Bitcoin did not. SpaceX is trading around $112, roughly half its post-IPO high, with short sellers up an estimated $15.5 billion and 911.5 million shares unlocking on August 6. The chip index fell into a bear market on July 17 and clawed back out. Alphabet and Tesla printed negative free cash flow. HYPE is 25% below its June high with record open interest sitting on it. And Bitcoin spent the same six weeks holding $65,000 while whales added 66,700 coins and exchange reserves sat at their lowest since early 2023. ---------------------------------------------------- All Exchanges and Links ✅ Toobit Exchange: https://bacon.link/toobit ($50 Free Bonus, No Verification Required) ✅ PropW: https://bacon.link/propw (Trade a $50K Funded Account) ✅ Bitunix Exchange: https://bacon.link/bitunix ($5,500 Bonus, no KYC) ✅ ByBit Exchange: https://bacon.link/bybit ($30,000 Bonus, KYC Needed) 💎 Join The Coiners, our Trading Dashboard and Community: https://thecoiners.io 📢 Follow my X for Quick Alpha: https://x.com/virtualbacon 📢 Courses, Exchange Guides, and All Links: https://virtualbacon.com/ ----------------------------------------------------- My Other Videos 8 Years of Crypto Trading Advice in 40 Minutes 👉 https://youtu.be/p9iEJgFReB8 Crypto Investing for Beginners, Full Course 👉 https://youtu.be/niT7g4ghm3o ----------------------------------------------------- Chapters 0:00:00 Why Bitcoin Is the Strongest Asset Right Now 0:00:30 Iran, the AI Trade and This Week's Calendar 0:03:38 SpaceX Trading Below Its $135 IPO Price 0:04:40 Three US Indices, Three Very Different Charts 0:06:48 The Nasdaq Is 70% AI and So Is Your Index Fund 0:09:58 Gold Entered a Bear Market Below $4,500 0:11:30 Oil Is a No Trade Between $80 and $100 0:14:12 Russell 2000 Strength and Why Bitcoin Is Cheap 0:15:49 Bitcoin Technicals, the 200 Week SMA at $63,500 0:20:04 The Bitcoin Daily Decision Point at 67K 0:22:08 The Short Case, 66.7K Down to 53K 0:24:10 Why I Want to Short HYPE Instead of Bitcoin 0:27:21 Building the HYPE Short With Scaled Orders 0:36:05 Why I Short Alts and Never My Own Bitcoin 0:41:19 Chart Requests, Zcash Back at 515 Resistance 0:47:09 Gram and the Case for a Second Cycle Coin 0:55:30 AVAX Is Near All Time Lows Against Bitcoin 1:00:14 Where I Would Actually Buy Gram 1:03:25 Live Questions, Render, Fetch and XRP 1:07:05 Ethereum Highs and the Sui Versus Solana Debate 1:09:18 Optimism and Lighter Are Both Too Early 1:14:01 The Only Three Meme Coins I Will Cover 1:15:06 Doge at 7.1 Cents and the 100 Sat Level 1:24:05 Closing Thoughts on the New Format ----------------------------------------------------- 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #Crypto #BTC #SpaceX #Fed #Markets #Hyperliquid