$500 Million Bitcoin Long Squeeze Dumped The Price.... I'm Long!
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Recommendations
Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $82,795.00 07 Oct 2026Current $83,223.00 08 Oct 2026Result +$428.00vs. index — BTC is the benchmark here — there is no excess to measure
Cite this call Watch source segment (174s) *
Surrounding source transcript
…Bitcoin has a real possibility of turning this entire movement into one large downtrend in the longer term time frames. What could end up happening right here is something like this where Bitcoin comes back down, has a Bwave to the upside. This Bwave on the shorter term time frames is what we are longing right now and then having a C-wave that could actually cause Bitcoin to drop back to the downside quite substantially. You can see that Bitcoin is currently finding support above this May the 6th high over here at $82,833. But Bitcoin is probably go…
This Bwave on the shorter term time frames is what we are longing right now
AI-extracted context What could end up happening right here is something like this where Bitcoin comes back down, has a Bwave to the upside. This Bwave on the shorter term time frames is what we are longing right now and then having a C-wave that could actually cause Bitcoin to drop back to the downside quite substantially.
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Entry $82,795.00 07 Oct 2026Current $83,223.00 08 Oct 2026Result +$428.00vs. index — BTC is the benchmark here — there is no excess to measure
Cite this call Watch source segment (258s) *
Surrounding source transcript
… couple of weeks a an amazing opportunity to enter into strong long-term entries. If Bitcoin is able to drop back down into the high7s as a result of some of this shorter term um as as a result of some of this medium-term bearishness, then that would give us an excellent opportunity to invest down here in the $70,000 range. This is not an invalidation of the bull market. The bull market is very valid. We have every reason to believe that Bitcoin's bull market is extraordinarily valid. And even if Bitcoin did drop back down to the 618 Fibonacci level down at $…
that would give us an excellent opportunity to invest down here in the $70,000 range.
AI-extracted context On the investing side of things, we are looking at what may end up being over the next couple of weeks a an amazing opportunity to enter into strong long-term entries. If Bitcoin is able to drop back down into the high7s as a result of some of this shorter term um as as a result of some of this medium-term bearishness, then that would give us an excellent opportunity to invest down here in the $70,000 range. This is not an invalidation of the bull market.
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Entry $82,795.00 07 Oct 2026Current $83,223.00 08 Oct 2026Result +$428.00vs. index — BTC is the benchmark here — there is no excess to measure
Cite this call Watch source segment (284s) *
Surrounding source transcript
… Bitcoin did drop back down to the 618 Fibonacci level down at $69,000, that would still be a healthy level for Bitcoin to trade at on the longer term time frames. So, this would be a fantastic place to be loading up long-term investments. Anything below $75,000 is just an absolutely incredible place to be loading up long-term investments. So, if you're looking to build a long-term portfolio in Bitcoin, highly, highly, highly recommend paying a lot of attention over the next month because I do believe there's going to be great opportunities. Real quick, I do want to let you …
Anything below $75,000 is just an absolutely incredible place to be loading up long-term investments.
AI-extracted context that would still be a healthy level for Bitcoin to trade at on the longer term time frames. So, this would be a fantastic place to be loading up long-term investments. Anything below $75,000 is just an absolutely incredible place to be loading up long-term investments. So, if you're looking to build a long-term portfolio in Bitcoin, highly, highly, highly recommend paying a lot of attention over the next month because I do believe there's going to be great opportunities.
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Entry $82,795.00 07 Oct 2026Current $83,223.00 08 Oct 2026Result +$428.00vs. index — BTC is the benchmark here — there is no excess to measure
Cite this call Watch source segment (355s) *
Surrounding source transcript
…up to go into a long-term entry on Bitcoin. Now, on that shorter term time frame, like I said, we are currently in a trade and I'm not going to break down all of it. That wouldn't be fair to our paid members. But what we do believe is that there is a very strong opportunity to be going into a long trade coming up very soon. probably within just the within just an hour or two of this video going out at 2 p.m. So, if you haven't already, make sure to sign up for the Discord server where you where you will be able to get access to that that uh trading informatio…
there is a very strong opportunity to be going into a long trade coming up very soon.
AI-extracted context Now, on that shorter term time frame, like I said, we are currently in a trade and I'm not going to break down all of it. That wouldn't be fair to our paid members. But what we do believe is that there is a very strong opportunity to be going into a long trade coming up very soon. probably within just the within just an hour or two of this video going out at 2 p.m.
Full Transcript
A major drop happened on Bitcoin over the last 24 hours. And in today's video, I'm going to share with you exactly what caused this drop and where I believe Bitcoin is going to be going next. I'm also going to be sharing with you a trade that I went into this morning and showing you where you can get more information on that trade and why it is still active right now. We've got a lot to cover, so without much further ado, let's go ahead and dive right on into it. Bitcoin is currently trading at $83,477. And this follows a major uptrend that Bitcoin has witnessed off of the July low at $58,000. Bitcoin has gone through a very clear Elliot wave 1 2 3 4 5 impulse pattern. And over the last 24 hours, Bitcoin has witnessed a very sizable corrective movement. This came predominantly as a result of a large long liquidation that took place yesterday around 9:00 p.m. where $295 million worth of shorts were liquidated. In grand total, about $500 million worth of shorts were liquidated yesterday. And that is most likely as a result of the fact that as Bitcoin has become extremely bullish over the last 90 days, people have become extremely confident in its uptrend and have gone into longs that were perhaps not the best setup. I think what happened is that a lot of people went into longs right here beneath the local high at $87,500 and they kind of just expected for the market to continue moving to the upside. I think many people were trading this uptrend right here and had their long liquidation right beneath this expecting us to break to the upside and then of course because they didn't use their stop losses the way they should they ended up getting stopped out. So with this uptrend being broken, this has caused a new downtrend and that's where Bitcoin has actually gone through this long liquidation. It doesn't seem like there's a very serious big news event that necessarily caused this movement to the downside. Of course, it's human nature to try and find a reason behind everything, but the main thing that seems to have taken place is that those longs got liquidated as we talked about. What I anticipate to happen now is that Bitcoin seems to be attempting to put some kind of short-term bounce in motion. And this is something that we talked about on the Discord uh all morning. In fact, we're in a trade right now. You can kind of see that trade u mapped out right here. We're talking about that a lot in the Discord server. In fact, there's probably going to be another entry coming into this trade very soon that will be breaking down in the Discord server. If you want access to that, feel free to get access to it with the link in the description box down below. All you've got to do is go on over to that link and you'll get access to our proprietary Discord server community. But nevertheless, I do believe that what is happening with Bitcoin right now is that we're most likely going to see somewhat of a bounce moving over into the next few days. And I think this uptrend is one that is very much tradable based on our trading system. But I also believe that Bitcoin has a real possibility of turning this entire movement into one large downtrend in the longer term time frames. What could end up happening right here is something like this where Bitcoin comes back down, has a Bwave to the upside. This Bwave on the shorter term time frames is what we are longing right now and then having a C-wave that could actually cause Bitcoin to drop back to the downside quite substantially. You can see that Bitcoin is currently finding support above this May the 6th high over here at $82,833. But Bitcoin is probably going to rally up here towards around $84 to $85,000. Then most likely fall over and violate that level on the ABC. This would be the Awave, then the Bwave, then the C-wave, which would be a little bit easier to see something like this if we have an A B C, something like that. So, I think that Bitcoin is probably looking at a medium-term bearish bias over the next few weeks. But I also believe that for today and possibly into tonight and moving on into tomorrow, there is the opportunity for a short-term long trade setup, which is exactly what we are in. Like I said, we've been covering that in our Discord server. If you're interested in getting access to that, make sure to check the link in the description box down below. Now, here's the most important thing. We almost we absolutely must always remember that long-term Bitcoin is an incredible investment opportunity, but we also want to make sure that we're leveraging our ability to do analysis to understand when the best times to trade and invest are. So, I want to address the investing side of things and the trading side of things. On the investing side of things, we are looking at what may end up being over the next couple of weeks a an amazing opportunity to enter into strong long-term entries. If Bitcoin is able to drop back down into the high7s as a result of some of this shorter term um as as a result of some of this medium-term bearishness, then that would give us an excellent opportunity to invest down here in the $70,000 range. This is not an invalidation of the bull market. The bull market is very valid. We have every reason to believe that Bitcoin's bull market is extraordinarily valid. And even if Bitcoin did drop back down to the 618 Fibonacci level down at $69,000, that would still be a healthy level for Bitcoin to trade at on the longer term time frames. So, this would be a fantastic place to be loading up long-term investments. Anything below $75,000 is just an absolutely incredible place to be loading up long-term investments. So, if you're looking to build a long-term portfolio in Bitcoin, highly, highly, highly recommend paying a lot of attention over the next month because I do believe there's going to be great opportunities. Real quick, I do want to let you know about a great place to do that, and that would be with Its Capital. Before you click off, I want you to check this out. They've just announced something called Q, their quantitative trading strategy. This is really cool. This is basically a strategy that ITR Capital has built that allows you to generate, and I've seen the historical data. It's pretty great, uh, what seems to be higher than market return. and it seems to have a better longerterm return than just buying and holding. So, if you're looking to invest in Bitcoin, a great time is coming up. ITR Capital with their AI formulated strategies designed to respond systematically as crypto markets change is a fantastic place to be investing. So, make sure to sign up Trust Capital with our link in the description box down below. Get a $100 signing sign up bonus. Anyway, I do believe that over the next few weeks to the next few months, there's going there are going to be fantastic places to in to load up the bags on Bitcoin and uh just overall be very uh well set up to go into a long-term entry on Bitcoin. Now, on that shorter term time frame, like I said, we are currently in a trade and I'm not going to break down all of it. That wouldn't be fair to our paid members. But what we do believe is that there is a very strong opportunity to be going into a long trade coming up very soon. probably within just the within just an hour or two of this video going out at 2 p.m. So, if you haven't already, make sure to sign up for the Discord server where you where you will be able to get access to that that uh trading information. Uh that is uh that is something that you can get access to like I said with the link in the description box down below. Um but at the end of the day, what I do believe is going to take place is that Bitcoin is going into a very strong bull market. I do also believe that Bitcoin has a very strong long trade opportunity right now, which as it rallies will probably flip and turn back into a very strong short trade opportunity that we'll be bringing you guys coverage of right here on the channel. If you enjoy today's video, make sure to hit that like button and subscribe to the channel and stay tuned. 9:15 tomorrow, we'll be going live going over how that trade went on coffee and crypto and bringing you any other trading updates that we have. If you are looking for more educational content on trading and investing in the Bitcoin and cryptocurrency markets, you found the right place. Make sure to subscribe to the channel. Stay tuned for more content. My name's been Jeff McAfee. Peace.
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