BITCOIN: THIS COULD GET CRAZY...

Bitcoin is currently sitting in a very dangerous position because there is a ton of liquidity building up above us right now. Well, at the same time, all the way to about $48,000, there's also a bunch of liquidity laying in the market. And that is why on today's update video, I will speak about the dangers Bitcoin is currently creating. I will talk about the fact that this upcoming week will be very very important because on this Thursday we will be having the inflation report and this inflation report will determine whether we're going to get an interest rate pass or another interest rate hike here. So a lot to discuss on today's update video. I'm gonna go over this exact correction Bitcoin is currently creating, the rejection from the range high, the Bitcoin golden cross we're currently seeing, and so much more will be getting discussed on today's update video because Bitcoin is creating some very interesting price action. So, without any further ado here, don't forget to once again slumber that like button back above 900 likes will be highly appreciated. In the last video, we smashed it above 221,000 subscribers. Thank you so much for that. And let me jump straight away into today's update video. So first of all, Bitcoin is seeing an ever slight rejection right now on the imminent short term. And this is truly coming due to the fact that we're seeing a rejection from the range high. And ultimately, if we're looking at Bitcoin, we're seeing a big rejection from of this major level of weekly previous resistance that again is acting as resistance right here. And you can also see on the lower time frames that Bitcoin is basically getting rejected. exactly by the 50-weekly moving average because here on the weekly time frame you can see it Bitcoin is getting rejected by the 50weekly moving average where of course this is one of the most important signals to basically confirm the end of the Bitcoin bull market. We have seen in every single previous bare market just moments before we break above it. Usually we still tend to see like a slight little rejection from of this level. But the moment we confirm the break above this level that would confirm the final confirmation of the end of the Bitcoin bare market. So this level would be definitely very important to be watching right now here on the daily time frame. You can clearly see it how big of an importance this level is here. And it seems to be that every single day we're trying to break above this, we get rejected by it. So it's very interesting on how this is exactly playing out. I would say if I'm looking at Bitcoin right now, we're still trading in this consolidation phase, the range low and the range high. And the moment Bitcoin is going to confirm a big and clear breakout above either of these ranges on the top side or lower side, that is going to be the confirmation that Bitcoin is going to create that next exponential move towards either the upside or downside. Here we tried to break above it but clearly we couldn't confirm to do so and Bitcoin after that saw a breakdown towards the downside. And to be very honest before diving in towards some more technical analysis I really do think that later this week on Friday we're obviously going to get the inflation report here. And in my opinion, nothing is going to be more important than this inflation report because if this is going to come in any hotter than expected, I believe that there is going to be a very big chance that there's going to be a rate hike. And just look at the last time we got the report from the strong economy data from the US. Bitcoin straight away took a dump towards the downside because strong data from the economy means that there is most likely going to be a chance that there's going to still be a rate hike. And if we're going to see high inflation also coming in, there's going to be like almost a certainty that we're going to get a rate hike since it right now is still about 50/50. This is still going to have a very big effect on Bitcoin. So that is why we should be definitely look at the fact what is going to be happening this Friday with the inflation reports. If it's going to come in any hotter than expected, Bitcoin is going to see a very big dump here. It's going to be one of the most important inflation reports of this entire year. So that is of course something I will be watching and I'm even considering to do a live stream. So yeah, make sure to subscribe to the channel so you're definitely not going to be missing out on this here. But for sure that is going to be causing a lot of volatility. I mean Bitcoin is still running in towards a very clear level of resistance. For me my game plan haven't switched as at all here. For me the setup still looks the same here despite the fact that we could still see like a correction towards the downside. For me, it doesn't change at all here because I have said in multiple videos before already, I don't care if Bitcoin still moves down to $47,000. In my opinion, I would actually prefer Bitcoin to go down there because I'm still sitting on about 15% of stable coins in my spot portfolio. And by the way, if you want to be accessing my spot portfolio, guys, you can go to Twitter. And here I'm not going to show you I'm not going to be completely showing it to you, but you can get access to my complete spot portfolio if you right now subscribe to my Twitter page here, which you can find actually in the third link below in today's video description. But basically, what I would still love to see here if Bitcoin comes down and I can get my entry on my other orders I set up here on the lower side. But in case that doesn't happen, I'm still going to be benefiting from the exact long order I've already got on the exact Bitcoin bare market bottom. So anyways, on both scenarios, I am covered for Bitcoin. It is very clear. It's very simple as that. And if you by the way also want to start trading right now here I am working together with WX and we are right now running an insane campaign where you can currently get a free 30-day trial for VIP3. That means that you're going to get like a 40% fee rebate and 0% spot fees on any asset you're buying on spot. And by the way as well here while you can experience a free 30-day VIP3 experience. you will get a lifetime VIP 2 status which is of course super valuable but make sure to be quick here because it's only eligible for the first 300 members only that Rhino sign up account using this first link below in today's video description and on top of that you can get also an additional free $1,500 Bitcoin trade and so much more which you can all check out in that link right now below here. So it is super valuable this is one of the best campaigns I've ever run within cryptocurrency exchange here. So, make sure to check it out here. I am currently positioning myself very well here to benefit from the volatility for the upcoming Bitcoin bull run. I mean, yes, there is some uncertainty right now for this upcoming week, what Bitcoin is going to be doing here. But ultimately, my long-term plan has not changed at all here, and the strategy is still exactly the same here. And the moment Bitcoin does break above this 50weekly moving average, I do think we're going to be running in towards a very big bull run. And Bitcoin is most likely going to be running it up towards the upside very quickly because we can already start to see that on multiple Bitcoin bare market bottom signals like for example the super trend indicator it has flashed bullish. Also on the EMA ribbon we have officially closed a weekly candle close above it. I mean yes in the previous bare market we did saw a fake out above it but actually but that is why we actually need to see a couple more weekly candle closes above this level. We need to see this level right now flip into support. And if this is going to be the case here together with the break of the 50weekly moving average, I am going to be quite certain that this is the end of the Bitcoin bare market. And that makes myself very very exciting right now for Bitcoin. Also, the last confirmation we need to see and this of course goes together handinhand with the 50weekly moving average. If we can break above this range high on the daily time frame, I really think Bitcoin is most likely going to be completely sending it here. Ultimately, as of for now, we're still sitting in this exact consolidation phase you can currently see over here. And I wouldn't be surprised that Bitcoin consolidates for another one to two weeks in this range here before ultimately making a decision to break towards the upside or potentially towards the downside, which is still a possibility right now in this market since we have not confirmed all the end of the Bitcoin bare market signals. And the last one that we need to confirm is that 50 moving average. Of course, if you right now subscribe to the channel, which which would be of course highly appreciated, you will be staying up to date on this exact levels, which will be confirming the end of the Bitcoin bare market. So, yeah, that is of course super super exciting. I mean, while we're sitting in this trend here, we are seeing that open interest is starting to decrease here. Funding rate is also starting to decrease while Bitcoin is consolidating sideways, which historically is a very bullish sign in my opinion. So yes, we could still move towards the range low of this consolidation phase, but that doesn't matter at all in my opinion. I mean, for me, that 75k level is actually a support target rather than a bearish target in my opinion. And so, of course, I will be continuing to watch this. I will continue to I will keep you guys up to date. But for me, as long as we're not breaking below the range low, we're not flipping bearish. As long as we're not breaking above the range high, we're not flipping bullish. This is exactly what I said in my previous videos as well. And this is what I will continue to say to everyone out there in my upcoming videos. And what I talked about in the intro of today's video here is still something I am a little bit worried about, right? Because if we're looking right now at the liquidation heat map, there is a bunch of liquidity laying below us as above us right now here. And if we're looking at the history of Bitcoin, Bitcoin always grabs the liquidity whether it lays above us or below it. This is still what we should be prepared for. So, for my multi-million dollar trading strategy I currently have set up here, I also still want to be prepared for Bitcoin to catch the lower side of the liquidity, which is all the way down to $48,000. I'm not saying it has to happen, but in case it happens, I will be prepared for it to of course load up all my trades here. And like I said on multiple videos before, if Bitcoin ever goes below $50,000, literally what I will be doing here, I'm going to be quick selling my watches. I'm going to be quick selling my houses because I've got more than five apartments here in Dubai. And because I've got more than five apartments, I'm going to quick sell it all as soon as possible to go all in on Bitcoin. Literally, that is my strategy. And I mean, it sounds very irresponsible, but in my opinion, it's going to be a no-brainer in my opinion if Bitcoin goes below $50,000 because that is for me the all-in zone here. And that is also exactly how I'm approaching it with the straight here because I deposited over $4 million in this exact account right here. Now it's up all the way up to about $5 million. And I want to be trading this all the way up to $20 million in this upcoming bull run. So I can literally retire for good here. So of course I'm going to keep you guys up to date exactly how this is going to be playing out here. But uh yeah, the liquidation heat map is definitely something we shouldn't be fading here. So yeah, quite exciting. Of course, we are seeing on the 4 time frame on Bitcoin a bearish divergence. This means that we're not seeing this means of course that we're seeing somewhat of a reset in this phase in the market and I think it's all more than normal that Bitcoin is seeing an average of slight correction in this market right here. I mean if we're looking at the big support targets here on the volume zones here you can see this uh $76,000 to $77,000 shows us a big bunch of uh volume support here. So that is exactly what it will be looking at. the moment Bitcoin breaks down below that range low, then it's going is going to get dangerous for Bitcoin in my opinion. So, that is why I'm going to be continuing to watch these exact levels. I also said the moment Bitcoin breaks above this $81,000 level, which is the range high right here. There's also not a lot of volume resistance. So, then we're going to be moving very quickly towards the upside. So, Bitcoin is consolidating right now here. This is the fact of the matter. The moment we're breaking above either of these ranges is where the next direction for Bitcoin is going to go towards. It is as simple as that. I'm not going to be making it any more simpler than this here. And for Ethereum still, I think this is one of the greatest setups. I'm not saying it's going to go towards a straight line towards the upside right now. Whether it still comes down here or in my opinion perfectly if it comes down towards the range low, I'm going to be also aggressively load up on Ethereum again here. And of course, that is why I'm going to keep you guys up to date with my exact spot strategy here for my egg subscribers as well here. So, if you want to be seeing more about that, check it out in the third link below. Don't forget to claim this VIP3 status only available for the first 300 members. But anyways, this was it for me in today's update video. If you did enjoy it, learn something from this video. Don't forget to subscribe to the channel and see you guys on the next one. Peace out. Goodbye.