🥛 Post-rate cut moves: BTC, ETH, SOL 🔍

GM. This is Milk Road – your friend in crypto (like, real friend. The kind that will let you copy their homework).

Here’s what we got for you today:

✍️ 3 key levels: $BTC, $ETH, $SOL
✍️ $FORD is raising another $4B
🎙️ The Milk Road Show: Solana vs Ethereum, Base Token + PUMP Path to $100b w/ Ryan Connor & Jesse Eckel
🍪 The $BTC ETFs are back

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Prices as of 2:00 PM ET, provided by CoinGecko.

3 KEY LEVELS TO WATCH: $BTC, $ETH, $SOL 🔍

We just got a rate cut of 0.25%! 🎉

You know what that means: loans will now be cheaper to service and access, pushing more money into the economy, which will help float risk asset prices (i.e. crypto).

So here’s the current state of the market across $BTC, $ETH, and $SOL – along with key levels to watch (post-rate cut), and any additional catalysts that could help us reach them.

1/ Bitcoin

1 month ago, we told you that if $BTC was to break below $112k, it could linger there for a while before bouncing back.

Bad news: that happened.

Good news: after spending two weeks trying to regain its footing, Bitcoin broke above $112k and is now hovering around $115k.

Source: TradingView

So price levels went from neutral, to worrying, back to neutral…how do we now move into ‘heeellll yeah brother!’ territory?

If $BTC can close the month of September at ~$128k or higher, it will not only be at new all-time highs, but will break an 8yr resistance line.

(Flipping it into support and helping to keep its price elevated.)

Source: TradingView

2/ Ethereum

Over recent years, $ETH has hit weekly resistance around $4k, and $4.86k (its 2021 all-time high).

As we write this, it’s just about smack bang in the middle of that range. 👇

Source: TradingView

If $ETH can make a solid break above its previous all-time high of $4.86k on the weekly timeframe – we’ll enter price discovery mode.

The exciting part here is: when we hit price discovery in the last bull run, we saw a ~240% gain from its previous 2018 high.

…if those gains were to be matched this time around, $ETH would hit ~$16.5k! 👇

Source: TradingView

3/ Solana

Just like Ethereum before it, Solana is hovering between two pesky price levels on the weekly timeframe: $200 and its previous all-time high of $260.

Once $260 is broken on the weekly — we enter ‘big boy price discovery mode’ (where things could get crazy).

Source: TradingView

Ok, scene set.

Now, here’s a list of price levels and upcoming catalysts to watch for across each asset:

Bitcoin Price level to watch: $130k (monthly timeframe) Potential catalysts: Further rate cuts, buy-pressure from ETFs and DATs
Ethereum Price level to watch: $4.86k (weekly timeframe) Potential catalysts: Further rate cuts, buy-pressure from ETFs and DATs
Solana Price level to watch: $260 (weekly timeframe) Potential catalysts: Further rate cuts, ETF decision Oct 10th, fresh capital from DATs

Currently, the greatest amount of momentum we’re seeing across all of the potential price catalysts listed above, are from the Solana Digital Asset Treasuries (DATs).

In fact, we got fresh news on them just a few hours ago.

…keep scrolling to the next article to get caught up.

(Oh and – P.S. If you want to see how our PRO team is trading all of this, go PRO All Access to get all of our PRO All Access Portfolio updates in real time.)

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$FORD LOOKING TO RAISE AN ADDITIONAL $4B 😧

What does Forward Industries ($FORD) know that we don’t?

They’re moving at a break-neck pace.

That $1.65B they raised last week?

They’ve already spent just about all of it – buying and staking $1.58B worth of Solana over the weekend.

And now they’re looking to raise an additional $4B!

Source: @SolanaFloor

While they’re already the largest Solana DAT in the space, an additional $4B investment would make their treasury 10x larger than their next competitor (at today’s prices). 👇

Source: StrategicSolanaReserve

But what’s making us really bullish?

That combined $5.6B investment from $FORD would see them owning ~4.3% of $SOL’s circulating supply, at current prices – and so far, they’ve only spent about a quarter of that total.

That’s a whooole lot of buy-pressure yet to hit.

And we know that these buys can have a noticeable effect on Solana’s price – the $1.58B they dropped over the weekend moved $SOL up ~25%.

Now, add the fact that: