THIS IS DANGEROUS FOR BITCOIN…

Bitcoin is right now creating a major bearish divergence on the daily time frame. And actually the last time this happened in 2023, Bitcoin saw a major dump towards the downside before ultimately a major push higher happened. But is this going to be the case on Bitcoin? Again, I'm going to discuss it exactly on today's update video because as of for now on the imminent short term, I am seeing that a lot of people are starting to short Bitcoin while we're sitting on this exact range high in the market and this could lead to another squeeze towards the upside for Bitcoin. So, there are a lot of mixed signals in the market right now and I am going to exactly discuss it on today's update video. I will be, of course, talk about my almost $1.5 million of profit I currently have on my Bitcoin long trades. I'm going to be obviously talk about the most important signals that are right now flashing in the market right now. So, without any further ado, guys, don't forget to once again watch this video till the end. It will be packed with a lot of important information. And of course, don't forget to once again slam that like button back above 900 likes. would be highly appreciated. Let me jump straight away in today's update video. So, we do know that Bitcoin of course already confirmed the end of the Bitcoin bare market after breaking above the most important Bitcoin bare market indicators. And actually, after this happened, I mean, I've started to see a lot of people on the internet starting to flip bullish on Bitcoin. And now we are even starting to be breaking above this very critical level of previous resistance and support for Bitcoin. In my opinion, Bitcoin is entering somewhat of a new range here and is most likely going to consolidate in this region. And where it's going to be finding major resistance is obviously going to be around that $100,000 level all the way down to about $92,000 where historically Bitcoin did also found a lot of resistance. But truly, if I'm going to be looking at Bitcoin, this is something I discussed in the intro of today's video. We are right now creating on the RSI a bearish divergence. And I think this is something that is very important to be discussing because right now you can see the Bitcoin daily time frame is creating obviously an higher high, but the RSI is creating a lower high and that means that we're losing momentum while the price is still going up. And as comparison, I really want to compare this to the 2023 bare market of Bitcoin because this exactly played out also over there. Bitcoin saw a major pump higher. Then we saw a slight little correction or you can say a slowdown. Then we created another high but the RSI created a significant lower high. That means that Bitcoin created a bearish divergence. After that, Bitcoin its price did drop towards the downside. But back then that was the major trap on Bitcoin and we did send it much higher. So that exactly played out and now on Bitcoin we're seeing something exactly the same playing out here. And I'm not trying to say that Bitcoin is going to create a dump towards the downside that it is all over that this was a major trap. That is not what I'm trying to tell you. What I'm trying to tell you is if this is going to again play out here since I am currently already in my long position on Bitcoin. If Bitcoin now explodes higher, is going to be sending it all the way up to new optimize, which I think is most likely going to be happening in a very fast pace, I'm going to be very happy because I'm already in this long trade and I'm going to be printing like crazy if this happens. But in case to hedge myself here, Bitcoin is now going to be seeing that correction, what my strategy will be here is basically to look at long trades if we were to come down here. So if Bitcoin does see a very quick drop towards the downside, I am not going to be bearish on this drop. No, I will be seeking opportunities on this exact correction since the Bitcoin bare market is already officially over. Most of my signals and charts are providing this evidence that the Bitcoin bare market is over. And whenever or in case this situation were to be playing out on Bitcoin, I'm going to be looking at major buy orders, especially at these regions I'm currently going to be laying you out. I mean, I don't think first of all it is likely that this this is going to be playing out. But in case it were to be playing out similar like to 2023, you can see in 2023 it even went below this low. And if it were to be playing out in a similar fashion, Bitcoin is bottom could be occurring around this zone right here. Again, I'm not trying to tell you that you have to wait or that this is going to be happening on Bitcoin that we have to open up shorts right now. No, this is not likely in my opinion, but I do want to be warning you for the things that the charts are right now telling us in terms of a historical patterns. So, Bitcoin is do is currently creating this and in case it were to come down over here, I am going to go all in into Bitcoin long trades. But the reason why I would say maybe it's not going to be happening right now is due to the fact on this chart right here on the funding rates because the funding rates as Bitcoin is currently pushing towards the upside remains to go more and more negative. even it went negative over here for a slight little brief moment. This means that there are more short positions open than long positions. And historically, what this means is that another short squeeze is likely to come next for Bitcoin. And I mean, if I'm going to be talking about levels where I expect Bitcoin to be finding some resistance, I would definitely look at this point of control for Bitcoin sitting around that $89,000 level to be finding the next zone of somewhat of resistance for Bitcoin. And after that, I would be potentially looking at this regional high over there. Or you can look at the weekly high, I should say, at this weekly high sitting around $93,000, somewhere down to $92,000. So those are my imminent short-term targets where I think Bitcoin can be moving towards after we are seeing this short squeeze uh on the imminent short-term play out. But after that we should be looking if this daily bearish divergence is going to be playing out on Bitcoin if history out of 2023 is going to be repeating. But so far this bearish divergence is not confirmed yet here. But if it does get confirmed we could be looking at another major opportunity. And talking about my trade here, I discussed this also in the stream I did yesterday. Currently, I am obviously $1.5 million in profit. And I said that I think that most likely Bitcoin is going to be running it up to new optimize much quicker than most people are expecting. And I even think it could still be happening this year, which is quite an insane uh thing and statement to make. But basically, my strategy right now is to take 20% profit as my first take-profit target on my Bitcoin long trade, locking in by then approximately $6, $700,000. And then with the rest of my trade, I'm going to let it ride to new alltime highs and to targets I would never imagine here. And of course, I have some targets set up here where I will be locking in my profits, but more about that in future videos. And guys, by the way, if you want to be taking any trades in this market, because by far the best way to make money in crypto in my opinion is by getting these longs in in bare market lows here. So, if you want to be trading yourself as well, guys, I am currently running the best campaign out there on WEX right here. No other exchange is giving such a great campaign. If you write a sign up account using that first link below in today's video description, you will come to this page where you can get a lifetime VP2 status which means that you're getting a 25% fee rebate and for the first 30 days you will be getting a 40% fee rebate. So this way by far you are trading cheaper than any other cryptocurrency exchange out there. And on top of that, they're giving away an insane deposit bonus of $1,500 of a free trade that you can claim after depositing $100. They have a free first trade protection all the way up to $200. And they've got a weekly trading loss rebate. So, in case you lose money, you can get all the way up to $500 back on your trades that you're potentially losing out on. So, this is by far the best campaign I've ever seen before. If you're looking to trade, you can also get 0% spot fees right now on Bitcoin if you sign up account using that first link below. So yeah, if you're going to be buying Bitcoin on spot, also a great place to do so. But anyways, check it out in that first link below here. Further on, I want to discuss some more things on of course these charts because Ethereum also starting to be breaking towards the upside. You can see after it was sitting in this consolidation phase, it it is now starting to be breaking up higher. And ultimately my targets for Ethereum, I've said it so many times before are $10,000 plus for the upcoming cycle, which is obviously quite insane here. We are still waiting for the big breakouts on the Eve BTC chart, but in my opinion, this is going to be happening this cycle. And then while we were of course busy looking at the charts in the background, we are again seeing major accumulation coming in from the spot Bitcoin ETI. And I also explained this in my previous videos. The reason why most likely the Bitcoin bottom occurred much earlier than it has in previous cycles is due to the fact that right now the spot Bitcoin cumulative ETF flows is also right sitting almost at alltime highs. Right? So on all high they had the cumulative inflow of about $62 billion. Now they're sitting around $57 billion and that means that they're almost sitting at ultim highs again here. So they have been strongly accumulating and not necessarily very aggressively distributing in this bare market. And yes, this is obviously allowing a lot of additional buying pressure to come into the market here. And this is for sure going to be changing the picture in the near future. So yeah, I'm super excited about that here. I will be obviously let my trade just run. I will be looking at a new opportunity if we were to be going to get it. If Bitcoin comes down here, in my opinion, if this bearish divergence would play out, it would be the biggest opportunity that we're going to get here, just like we saw back in 2023, is it likely or confirmed this is going to be playing out? Not at all. Because this bearish divergence isn't even confirmed yet so far. But whenever it does get confirmed, whenever Bitcoin does break down, we should not be panicking. We should seek this as a major opportunity. So guys, thanks so much for watching to our amazing new update video. Don't forget to subscribe to the channel. If something big is going to be happening on Bitcoin, I will be jumping back live. So don't forget to subscribe to the channel as well. It will be highly appreciated. And see you guys on the next one. Peace out. Goodbye.