Thoughts on the current market 9/9/2025
Bitcoin (BTC):
Bitcoin is currently trading at $111,486. We saw a recent low around $107K on August 28–29, followed by a recovery. Right now, price action suggests Bitcoin is consolidating in this area.
ETH/BTC Ratio:
I’ve been watching the ETH/BTC ratio closely—it’s probably the most important chart in the market right now.
  • My average entry was around 0.023.
  • I took profit on one-third of my position at 0.043.
  • Currently, we’re back to 0.038, a bit of a pullback, but I think this area holds as support.
Macro-wise, rate cuts are coming, job numbers are weak, and investors remain cautious. Initially, markets may react negatively (“too late, recession incoming”), but the $5 trillion debt ceiling raise makes long-term bearishness harder to sustain. My view: you want strong exposure to Bitcoin.
Ethereum (ETH):
Current price: $4,316.
  • Recent low at $4,069 on August 20.
  • Holding above $4,200, consolidating with RSI cooling off on the daily chart.
  • Structure still looks bullish.
Solana (SOL): Current price: $218.
  • Low at $155 in late July/early August.
  • Consistently forming higher lows and now breaking out.
  • Momentum is supported by PumpFun and renewed meme coin activity.
Meme Coins & Pengu:
I’m very bullish on Pengu. With the Doge ETF approved, I expect more meme-coin ETFs to follow. Pengu already has an application in, which could act as a strong catalyst.
Stablecoins & Regulation:
Governments are fast-tracking stablecoin approvals, likely to strengthen the dollar’s global dominance. Tether, USDC, and Circle are all central to this push. Whoever leads here essentially controls the on-ramps.
Altcoins / Broader Market:
  • Many alts (including AVAX) are showing clean falling wedge setups on weekly charts.
  • Expect strong performance from the top 10 alts, with leaders continuing to outperform.
  • The total altcoin market cap should rise as capital rotates through the end of the year.
Which tokens are you interested in? Let me know, and I can help chart/give analysis!
8
8 comments
Austin Fortner
2
Thoughts on the current market 9/9/2025
Degen Dads
skool.com/degendads
Two dads, one mission: help you master crypto! Learn Bitcoin, Ethereum, DeFi, NFTs & Web3 with real alpha, insights & authentic community vibes.
Leaderboard (30-day)
Powered by