To The Moon

$Wolfspeed Inc.(WOLF)$  

$BitMine Immersion Technologies Inc.(BMNR)$  

$Circle Internet Corp.(CRCL)$  

📉 Bitcoin & Ethereum Snapshot

Bitcoin (BTC) has retraced ~2.9% to around $115.5K, down from its mid-July high of ~$123K after profit-taking by large holders (“whale sales”) .

Ether (ETH) is consolidating near $3,740–$3,860, up ~48% for July overall, and showing resilience even amidst BTC weakness .

Crypto takeaway: BTC weakness could pressure crypto-linked equities like CRCL and BMNR; ETH strength may offset some of that pressure for BMNR.

Seasonality: Is Late July Really a Weak Patch?

Best months for U.S. equities historically include April and November. July offers mixed returns: average ~1.14% gain for S&P 500, but it has the 4th‑ or 5th‑lowest monthly gain among all months across long-term data .

Most of July's strength typically happens in its first half. The last week often sees flat or sideways action as the early-month rally fades and fund managers rebalance for Q2 .

That said, trends have shifted: recent summers saw consistent July gains, especially in tech, thanks to strong earnings and rotation into momentum sectors .

Bottom line: Late July tends toward consolidation or mild weakness—but this rule is flexible when macro or earnings catalysts (like crypto policy or Fed commentary) appear.

🔹 $CRCL – Circle Internet Group

Key Levels: Support ~$180; resistance $200–230. Watch for volume-driven breakouts or breakdowns.

Macro Influence: BTC weakness + high rates = mixed; stablecoin legislation (Genius & Clarity Acts) remains supportive.

Catalysts: Aug 12 earnings; Fed commentary (July 30); crypto flows; institutional interest.

Swing Setup: Long if bounce off $180, stop just below; breakout above $200 opens door to $220–230.

🔹 $BMNR – BitMine Immersion

Key Levels: Support $38–40; resistance $45–50. RSI deeply oversold (~11), high swing potential.

Macro Influence: Tied to ETH price and speculative crypto sentiment; risk appetite shifts with Fed tone.

Catalysts: Pending $250M private placement to buy ETH; chair Tom Lee commentary; crypto ETF flows.

Swing Setup: Speculative long near $38 with tight stop, target mid-$50s. Avoid if BTC dips further.

🔹 $WOLF – Wolfspeed

Key Levels: Support $1.48; resistance $1.60–$2.00. Trading range-bound after bankruptcy drop.

Macro Influence: Linked to EV and SiC semiconductor outlook; risk influenced by Fed and CHIPS Act policy.

Catalysts: Chapter 11 updates; Renesas stake progress; possible delisting or restructuring news.

Swing Setup: Range trade between ~$1.50–$1.90, very high volatility. Use strict risk controls.

🧭 Summary

CRCL $180 → $200–230

Look out for Crypto + Fed + Stablecoin law, Q2 earnings, BTC moves

BMNR $38–40 → $45–50

Look out for ETH momentum + retail flows, ETH placement, sentiment shifts

WOLF $1.48 → $1.60–$2.00

Look out for Fed + EV/tech + restructuring, Chapter 11 updates, Renesas news

Bitcoin and Ethereum remained relatively resilient through late July, while equity-linked plays like Circle ($CRCL), BitMine ($BMNR), and Wolfspeed ($WOLF) showed high volatility and divergent paths. Watch for potential convergence as macro and crypto catalysts unfold.

📌 Final Thoughts

Crypto is cooling, but ETH remains robust—which helps BMNR more than CRCL.

Fed policy (due July 30) may set tone around risk assets: a dovish tilt favors all three; hawkish bias could induce choppiness.

Late July tends to be quiet but can be punctuated by event-driven swings—this week's stimuli include the Fed, crypto flows, and policy changes.

Trade with focus, size wisely, and keep setups discipline-tight.

I'm not a financial advisor. Trade wisely, Comrades!