Hey, PokPok fam!

The day has arrived. The PokPok Options Platform has finally launched! 👀

We've taken a look at how to "hatch" your first Option, the easy way!

That's not all that happened this week though... we've also had our first US Rate Cut! 🚀

This Week’s Juice 🧃

• 🐔 PokPok: Options Platform Launch 👀
• ❓An opportunity for Ethereum: ETH/BTC retracement 📗
• 📊 Our projections for next few months
• 🏦 Economy: 50bps US Fed Rate Cut 🚀
• 🏦 Economy: Retail Sales MoM @ 0.1% (expected -0.2%) 📈

Getting up to speed! ⭐

50bps Rate Cut – How this affects the market📉

After one of the toughest weeks of the year, if not, the past few years, we've come out pretty strong!

BTC is up ~5% after a 50bps cut. But are we out of the woods yet?

With the SP500 hitting new highs, and continuing uncertainty regarding the US Elections, and the Economy, there may be room for trickery in the market. 👀

Powell's FOMC speech on Wednesday was quite insightful. He began by insisting on the Labour Market's strength and how it has cooled off.

They continue to work towards the 2% Inflation target, which they are so close to.

However, there have been mentions of data coming out and having to be modified unfavourably due to inaccuracies.

A part of the reason for a 50bps cut is just this, an uncertainty on validity and future volatility of data.

An interesting question to ask ourselves is whether the economy is being kept up artificially for the US Election. Is there a chance that this over-intervention may lead to a potential recession?

It's important to consider all possibilities.

Economic Reports

Retail Sales MoM

• Over expected @ 0.1% (Forecasted -0.2%) 📈🔥

Market Analysis ✨

We've had an extremely interesting reaction following the Fed Rate cut on Wednesday.

We had an initial spike in price, then a further follow-through hitting 64k, which was the key level we announced on X on Thursday.

Any longs taken around our previous Weekly nPOC level @58k would have yielded ~10% Spot returns. 🔥🔥🔥

A Macro View-Point

We've been considering the market almost week by week, but now, let's consider what's to come over the next few months from a Macro perspective.

Currently, we are at a critical resistance level, which we are attempting to close above for the second time.

BTC Analysis

Bitcoin has expanded to quite a large range now, with high volatility swings.

On one hand, it provides amazing opportunities for longs and shorts, and on the other hand, it can easily reck your gains due to fluctuations.

This is why it's important to maintain tight stop losses!

Looking at the upside 📈 🚀

• Our bias remains to the upside as we expect a clearance of 64.6k, however, a failure to hold the LT-Monthly of 61.4k would invalidate this.
  • What further adds confluence to this point is the over $1B in liquidations above 64.2k which coincides with our key levels 🔥
• As mentioned earlier, we can't make any key projections above this zone until we break above 64k on a daily and find support.
• Liquidation Magnet Level 🧲 64.3k
• Primary Targets: 64.6k, 65.3k, 67k

Looking at the downside 📉 👀 

• On the other hand, losing the LT-Monthly would also lead to a cascade of long liquidations which would take us straight to ~59k.
  • A continuation short trade would be to short a rejection around the LT-Monthly to the Local Range POC @ 59k.
  • We will mention this on Monday to confirm this as a Trade Idea.
• Primary Targets: 61.4k, 59.2k, 58.2k

Ethereum Analysis

• We've been surprised at how badly ETH has performed over the past few weeks, however, just at our long-term support level, we've had a significant reaction to the upside! 📈
• Given this, we've decided to maintain our ETH strategic longs, unless we are to make a lower low.
  • For a rally in ETH outperformance against BTC, we're projecting a move towards 0.043.

• Our ETH target of 2600 has been front-runned however we expect this to clear soon.
  • If BTC manages to break above the 64.6k level, we're looking to target 2690 as a take profit for longs on ETH.
• To the upside: 2600, 2685, 2850
• To the downside @ 2470, 2400 (predicted Weekly target, TBC on Monday), 2225

Altcoin Analysis

• We've been experiencing a narrowing range for the altcoin market.
• Similar to the altcoin dominance against BTC, we've been having continuous lower lows, however as the range tightens, a spring-like reaction is likely to take place to jolt the market.
• Assuming BTC performance remains positive to neutral, this may result in some good altcoin performance.
• We're starting to consider shifting towards risk-on assets as we shift towards the end of the year which typically yields higher returns than September!

The PokPok Debut 🔥

The long-awaited PokPok Options platform has now been released! 🎆

We've entered into a $5B Options Market, and we're lowering the entry barrier. The first gamified options platform in the world! 🚀

What can you do?

• With PokPok's gamified options, you can place leveraged bets on BTC or ETH markets with very little upfront cost!
• Essentially, in the PokPok world, a hatching chicken represents a Call or Put option which is a bet on the market.
• You feed it until it expires (3-7 days), similar to financing a mortgage.
• Profitable/Winning chickens can either be claimed for profit or staked for future yield in $PEGG tokens.

PokPok has posted an easy setup guide on how to use the platform, check it out now! 🧵

Investment Strategy 📈

There have been no changes to our allocations.

Here are our latest Portfolio Allocations using our allocation model: