$BTC



Today is the sixth day that Bitcoin goes red and this is unheard of...

How are you feeling today wonderful amazing person?
Incredible human being!

Notice the blue line on the chart right below the rounded top, BTCUSDT wicked above this level today but is already trading lower, a small rejection.

Recently I mentioned how Bitcoin never produced 5 consecutive red days coming off a major top. In the entire year 2024 and 2023, Bitcoin never produced 6 consecutive days red. The last time this happened was in August 2022 as part of an extension of a bearish move.

What you are seeing is bearish consolidation below resistance, the worst since the bear-market. This can lead to a major drop, one that deduces 10,000 in a single day and this would repeat for several days. We are talking about the strongest bearish move since November 2021 or March 2022.

Are you ready? I hope you are...
We've been receiving countless of warnings from the charts.

Thanks a lot for your continued support.

We are here long-term.
The market is not going away.

Endless opportunities are present.
If you made a mistake, there is still time to take action. Adapt to market conditions.

Thank you for reading.

When the bearish wave is over, we will go bullish, it is the only way that it can be done.

👉 Bearish when prices are going down (at resistance); bullish when prices are set to grow (at support).

Namaste.

$BTC



The weekly timeframe produced the biggest upper shadow of the year. This is the strongest bearish candle since October 2021.

What to expect?

The move we are about to experience is only a temporary event, a short-term move.

Bitcoin is about to drop but this is only momentarily, it should be over in a flash. As soon as the bottom hits, we are green long-term.

If we focus on the long-term, this is a non-event.

Prepare for the drop. The week closes today.

Namaste.

This week is shaping up to be significant for #Bitcoin investors as we approach a critical weekly close. Currently, Bitcoin is trading at a crucial support level, and holding this level could play a key role in determining the market’s direction. Here’s what you need to know about Bitcoin’s current technical outlook, market indicators, and the potential influence of the U.S. elections.
Technical Outlook: The Importance of the $68K Support Level and Weekly Close
Recently, I mentioned the possibility of a pullback to the $68,000 support level, a level commonly retested after trend breaks. Bitcoin has already seen a 7% decline, and it’s crucial for this level to hold in order to limit further downside movement. #CryptoAMA

If Bitcoin closes above $70,000 this evening, it would be an especially positive sign, potentially signaling a break in the weekly downtrend. Such a close would set a more optimistic tone for the market in the short term.
Short-Term Market Indicators: Whale Activity and Spot Market Movements
In the short term, despite the 7% drop, whale activity remains positive, currently sitting around +7. On the spot market side, however, activity has been relatively quiet; major exchanges like Coinbase have yet to resume buying after recent sales, so we might see a calm weekend. #TetherAEDLaunch
Funding Rates: Funding rates are at normal levels, indicating no strong long (buy) pressure. Long liquidations are concentrated around $65,000, while short liquidations are around $74,000.
U.S. Elections and Bitcoin: Could a Trump Win Be Positive for Markets?
The U.S. elections represent a major variable for Bitcoin’s market outlook. Next week, the results are expected to be finalized. Analysts suggest that a Trump win could potentially create a more favorable environment for financial markets. In fact, there seems to be a correlation between Trump’s win probability and Bitcoin price movements.
The election process has also increased Bitcoin’s correlation with U.S. stock indices like the S&P 500 and Nasdaq. Bitcoin has been moving almost in tandem with these indices recently, making U.S. market trends particularly important to watch over the next two weeks. #Blum
Summary and Insights
Tonight’s weekly close could be pivotal for $BTC

mid-term outlook. Maintaining the $68,000 support is essential to preserve the current positive market sentiment. However, for a stronger continuation in the uptrend, a close above $70,000 is critical.
With the influence of the U.S. elections, the coming two weeks are likely to be eventful for Bitcoin. Tracking U.S. stock movements and Trump’s election performance could provide valuable insights. I’ll be sharing regular updates on market conditions as we navigate this period.
Wishing everyone a profitable and happy Sunday!