Clean week. Let me give you the full breakdown of what happened and where we go from here.

Last Week Recap. Four Trades. Four Wins.

BTC: entry 59.7k, exit 63k. ROI approximately 5.5%.
ETH: entry 1,570, exit 1,760. ROI approximately 12%.
SOL: entry 72, exit 82. ROI approximately 13.9%.
Options: ETH-17JUL26-1400-P Short closed at +85.29% ROI, PNL $44.74. ETH-31JUL26-1400-P Short closed at +74.24% ROI, PNL $66.37. Challenge account now $2,121.50 from $2,000 start. Total account gain approximately 6%.

Every entry was posted in Discord in real time. Every exit was clean. The framework performed exactly as designed. Not because we got lucky. Because we waited for the right setup, entered at defined levels with defined stops, and exited when the targets were reached.

All positions are now flat. The slate is clean. And the job this week is to define the next setup precisely so we're ready when the market offers it.

BTC - 63,463. Trendline Context. The Next Setup.

Let me give you the full structural picture on BTC with the trendline context that free readers don't have.

The descending trendline from the November 2025 highs is still the dominant structure on the daily chart. Price has been making lower highs relative to that trendline throughout the entire bear phase. The recent bounce from the DCA zone is constructive but it has not yet tested that descending trendline from below.

The yellow dashed ascending line on the chart marks the initial ascending trajectory off the recent lows. This is the short-term momentum structure that drove the bounce from 59.7k to current levels. The key question is whether this short-term ascending structure finds buyers on any pullback, or whether sellers step in and test the DCA zone again.

The RSI divergence that powered the entry setup last week has now partially resolved. The RSI is back above 50 and moving toward the 50 to 60 range on the daily. That's a recovery from extreme lows but it is not yet in overbought territory. There is room for BTC to continue higher from a momentum perspective, but the price needs to show higher lows to maintain the structure.

Level map for BTC this week.

65,197 is the first meaningful resistance above current price. This was the dotted support level that broke on the way down and is now the first ceiling. A daily close above 65,197 with volume would be a constructive development. Stalling here is also possible as overhead supply from people who bought near this level on the way down are looking to exit.

67,319.6 is the next level above. More significant historical structure. Getting through 67,319.6 on a weekly close would signal that the bounce is developing into a genuine recovery attempt rather than a bear market relief move.

74,223.9 is the yellow horizontal on the chart and the medium-term target if the structure continues to develop positively. This level represents where the ascending trendline from the lows intersects with the next major resistance cluster. A move from the 59.7k entry to 74,223.9 would be approximately 24% ROI on that entry. Not the immediate expectation but it's on the map.

The descending trendline from the highs is the ceiling above all of those levels. Price needs to close a weekly candle above that trendline before the macro bear structure is genuinely challenged.

Re-entry setup for BTC: I'm watching a pullback into the 60,500 to 62,500 range. Specifically a test of the DCA zone boundary near 60,092.4 with a hold above it on a daily close followed by a recovery candle. If that pattern forms with RSI holding above the June divergence low, that's the second entry. Stop remains below the DCA zone lower boundary.

If BTC does not pull back and continues higher, 65,197 reclaimed with a daily close above it would be a breakout entry consideration at a slightly higher level. But the risk-reward is less favourable than a zone retest entry.

ETH - 1,781. Double Bottom Pattern. Level Map. Re-entry Conditions.

The ETH daily chart has something important on it that I want to draw your attention to.

The red curved lines drawn on the price chart mark what appears to be a double bottom pattern forming between the June lows and the early July lows. The two lows are marked with the curved red arrows. Both occurred near the 1,500 to 1,570 area. Both showed RSI bullish divergence at the low. The recovery from the second low to current price at 1,781 is the right-side recovery of the double bottom.

For a double bottom to be technically confirmed, price needs to close above the neckline of the pattern. The neckline on ETH is approximately in the 1,742 to 1,770 range based on where the recovery between the two lows peaked. We are currently above that range at 1,781. A weekly close above 1,770 would formally confirm the double bottom pattern.

If confirmed, the measured move target of a double bottom is calculated as the height of the pattern added to the neckline breakout level. The depth of the pattern from the 1,500 low to the 1,770 neckline is approximately 270 points. Adding 270 to the 1,770 neckline gives a measured target of approximately 2,040. That aligns with the 1,899 to 2,000 range on the chart as the first major resistance cluster.

Level map for ETH this week.

1,843.64 is the first resistance above current price. A new level visible on this chart view from recent structure. A daily close above 1,843.64 would be the first confirmation step of the double bottom target being pursued.

1,899.23 is the next level above that. This is a major resistance cluster from multiple prior reactions. Getting above 1,899 on a weekly close would be significantly constructive and would open the path toward 2,000 and then 2,040 as the double bottom measured target.

1,742.08 is the first support below current price. This level needs to hold on any pullback for the double bottom thesis to remain intact. A daily close below 1,742 would be a warning that the pattern is failing.

1,538.86 is the deeper support below 1,742. A test of 1,538 would mean a retest of the pattern lows is underway and would require reassessment.

1,385.43 is the DCA zone boundary. My original entry at 1,570 was just above this. Any pullback toward 1,600 to 1,650 with a hold above 1,538 would be the ideal re-entry setup for a second position.

Re-entry setup for ETH: pullback to the 1,650 to 1,720 range with RSI holding above the prior divergence low and a daily recovery candle. Stop below 1,538 on a daily close. Target 1,899 as first exit consideration then 2,040 for the measured double bottom move.

Funding Rates. What They're Telling Us.

The Coinglass funding rate screenshot shows BTC and ETH across major exchanges. Both are positive but not extreme.

BTC: Mixed but positive on average. Gate and Bitunix showing slightly negative which is interesting.

ETH: Consistently low positive.

What this tells me: the market is not yet in extreme bullish leveraged territory. Funding at these levels is neutral to mildly positive. It suggests longs are coming back but cautiously. There is no sign of the 0.05% to 0.10% funding that characterized late-stage euphoric rallies in previous cycles.

This is constructive for the bull case from here. It means the move from the lows has not yet attracted the kind of excessive leverage that would need to be flushed in a sharp reversal. There is room for continuation.

However, the slight positive funding also means a healthy pullback that flushes the new longs before the next leg would be normal and expected. That's actually the pullback I'm waiting for to re-enter.

The Options Framework. Waiting for Better Premium.

The challenge account closed the two July put positions at expiry. Both in significant profit. Account now at $2,121.50.

The next round of put selling requires a specific setup: ETH pulling back to give better premium at the 1,400 to 1,500 strike levels, and implied volatility being elevated enough to make the premium worthwhile.

Right now, with ETH at 1,781, the 1,400 strike put is approximately 22% out of the money. The premium available on that strike is less attractive than it was when ETH was at 1,570 and the 1,400 strike was only 8% out of the money.

A pullback in ETH to the 1,650 to 1,700 range would bring the 1,400 strike back to approximately 15% out of the money, which generates meaningfully better premium. That's the sweet spot for the next put selling round.

I'm not forcing a trade. The options framework works because of selectivity. We sell premium when it's fat. Right now it's thin. We wait.

The week in summary

Last week was a proof of concept for the entire approach that's been built since January. Patient cash holding through the bear market, defined entries at the DCA zone, clean exits at targets, and options generating income on top of spot gains. Four trades, four wins, framework intact.

This week is the discipline week. No chasing. Watch the levels. Wait for the pullback. Let the market come to the price rather than paying the market's price.

BTC re-entry: 60,500 to 62,500 zone retest with RSI holding structure.
ETH re-entry: 1,650 to 1,720 zone with double bottom pattern holding.
Options: next round when ETH pulls back and premium improves.
SOL: watching 74 to 76 for re-entry if it pulls back with BTC.

Real-time updates, entry alerts, and options positioning are live inside the community daily.

Good luck this week.