🧪THE LAB - WEEKLY MARKET DIGEST (29)

We're moving to a biweekly schedule during the summer months.

Market conditions have been quiet and not much has changed structurally, so we'd rather wait for meaningful developments than publish weekly updates with the same outlook.

BTC continues to trade inside the range we've been following for months.

A quiet two weeks.

One trade closed for +2.61R while the market continued to consolidate.

The overall view remains unchanged.

BTC recovered after the weekend selloff and is trading back around 64k, but price remains inside the same larger accumulation range.

Support remains:

→ 59k - 62k

Resistance remains:

→ 79k - 83k

For now we're treating this as another short-term recovery inside the range. A move into resistance would not be surprising, but the larger picture only improves once BTC starts reclaiming higher levels.

The yellow dashed line marks the rejection from 82k.

Since then, leverage has cooled somewhat, while spot demand increased during the selloff before fading again as price recovered.

Premium remains negative and Open Interest is still relatively elevated.

Overall, the data continues to suggest accumulation rather than the start of a new trend.

The Wyckoff accumulation structure remains one of the main charts we're following.

So far, BTC still appears to be trading inside Phase B, where price moves between support and resistance while the market builds a larger base.

The weekly RSI also continues to follow a similar path to previous cycle bottoms.

For now, we still expect the bottoming process to continue through the coming months before a larger trend develops later in the year.

AAVE continues to stabilize after its recent correction.

The setup remains intact and we're watching for a continuation toward the 130 area if momentum returns.

INJ also remains on the watchlist.

Price has retraced after the recent rally and is now stabilizing above the previous breakout area. The setup remains constructive while support continues to hold.

For detailed levels and trade plans, see The Lab Premium.

Summer markets rarely provide much excitement.

Low volatility and range trading are normal at this stage of the cycle. We're staying selective and using this period to prepare for what could become a much more active Q4.

This newsletter is for informational and educational purposes only. We have positions in the assets discussed here. It does not constitute financial advice, trading advice, or investment recommendations. Any market commentary, analysis, charts, or outlooks reflect our personal opinions and are not guarantees of future performance.

Cryptocurrency trading involves significant risk and may not be suitable for all investors. Always conduct your own research and consider your risk tolerance before making trading decisions. The Lab, its contributors, and its systems (SML1/SML2/SML3) do not take responsibility for losses incurred from trades based on this content.

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🧮 How We Measure Performance at The Lab

All performance is tracked using R-based results, a professional risk-adjusted metric used by systematic traders.

Why this matters:

Our weekly and monthly stats reflect the net sum of R across all closed trades.
This ensures the results remain objective, consistent, and comparable across all market conditions.