BITCOIN: IT'S STARTING NOW...

Yesterday, Bitcoin retested the range low of this reaccumulation pattern. And this means that Bitcoin now is coming closer and closer towards my all-in zone. And on today's update video, I'm going to be discussing the exact liquidity that is right now building up around this 200 daily moving average and exactly below the reaccumulation pattern we are currently sitting in. So, this will be obviously discussed on today's update video. how volatile markets in the global economy have been. And of course, I'm going to discuss my most important levels, the low volatility on Bitcoin right now, and so much more on today's update video. So, without any further ado, don't forget to straight away slam that like button back above 800 likes. That will be highly appreciated, and let me jump straight away in today's update video. So, first of all, it is Saturday. It is weekend. So, we don't have any stock markets being open right now. And actually after having such a volatile week before, now Bitcoin is showing the lowest volatility that we have seen in a very long time and actually has been ranging for the last what is it 30 hours just between a couple hundred. Then looking on Bitcoin and basically the open interest funding rates still the trend continues that open interest is being built up here. This still means that there's a big squeeze about to happen in the following weeks. I personally think this is going to be happening within two weeks from now on because historically if we're looking at the fact whenever open interest gets built up so high in the market, it always leads towards big squeezes in the Bitcoin or cryptocurrency price action. So yeah, open interest is again building up very aggressively and this literally only means one thing. There is about to be a major squeeze in the market. Then looking at the liquidation heat map currently I'm still seeing that there's some liquidity again being built up below us while still there's a big bunch building up above us as well here. So I would be still expecting that we're going to be grabbing this lower side liquidity and actually yesterday while Bitcoin did have this move towards the downside towards the 75k region on yesterday's video I spoke briefly about how we are building up orders around that 75k level as major support for Bitcoin. Well, if we're looking exactly at that level, I mean, we touched it briefly. We filled up approximately $30 million in Bitcoin buy orders and straight away we got bought up here. So, that was exactly marking the range low for Bitcoin. I was expecting a lot of support was going to get found around this level. Especially during weekends when liquidity is much thinner and if you then move towards such a level with such big buy orders set up, it is more than likely that Bitcoin bounces from of that exact level. So, that exactly happened. Bitcoin touched that level briefly and then bounced back towards the upside. Now, if I'm looking still at big buy orders, I mean, it's starting to get quite thin here. And the next big support for Bitcoin, I would say, is definitely around that $74,000. Not that 75K anymore because that level is right now already filled up. Maybe it's going to be changing tomorrow. Maybe it's just a little bit less orders set up due to the fact that it is weekend, but as of for now, liquidity seems to be quite thin on the lower, but also on the top side. Then Bitcoin as well. It remains to be sitting in this parallel channel, it had one slight little fake out and actually every single time it touches this downward sloping trend line. So far it has been bouncing from of this exact level. Also the top side every single time we touch it we see a brief rejection here. A major rejection obviously but Bitcoin remains to be sitting in this exact parallel channel. And so far it's providing support and resistance every single time very consistently. And like I've said I want to be opening up a new trade. I'm already in a major Bitcoin long position that I'm very comfortable in. I'm going to be just hold this position open because I personally think I already catch the Bitcoin bare market bottom and we're not going to create a new low here. So yeah, I am currently going to hold this trade open. If we come down to $62,000, I'm going to be trigger my stop loss because then I think Bitcoin is going to be dumping much much deeper than we're currently already sitting. So that is exactly what I'm waiting for on Bitcoin right now. Then as well, what I'm looking at right now for Bitcoin is that still if we were to be going down here and grabbed that liquidity and potentially go towards the 200 day moving average, I would view this as one of the biggest opportunities you're going to be having for Bitcoin. Because if we go towards that level, we basically go towards the level where where back in 2023 we exactly found the support on that is the 200 day moving average after we broke outside of it. But more importantly, basically how markets work, we're currently sitting in a parallel channel. If you go and break this level of, this is going to create a lot of liquidity because everyone thinks Bitcoin is breaking down. It's going to go lower, but actually most of the times it's just a liquidity crap to to trap the short positions in the market. And since we're at such key levels of support and since I also still think we have not taken out the liquidity on the top side and that it is more than likely that this is an accumulation rather than a distribution, I still think that we could be and most likely will be go to the top side of the region. And that is my exact thesis. I think the top side liquidity has never been grabbed. And it means that Bitcoin still has to at least take out the liquidity before potentially what is going to be happening before it goes down here. It needs to grab this topside liquidity. And that is why it remain to be bullish and see this opportunity especially as we're sitting in the range low of this accumulation pattern to view this as a major buying opportunity and of course as an opportunity to potentially trade here. So, if you also are interested in trading, there's currently a $3,000 starter pack cash back going on on WEX. It's super nice. There are approximately 400 slots left here. But if you make it a PO of $100, you can get the free $1,500 Bitcoin airdrop position. So, if you want to be getting some extra funds to trade with, don't forget to check out WEX in that first link below. It's definitely by far the best trading exchange for the upcoming bull run. And I am also taking my trades on it, and you can copy trade me. So if this sounds interesting for you, check it out in that uh first link into today's video description. Then Bitcoin remains to be tweaking around this 50 weekly moving average as well here. And uh for me, I'm just going to be basically view this as my um thesis and as my big opportunity where we're currently sitting here. I mean the Bitcoin hing 500 days prior of it, it is always the best time to buy and 500 days after the Bitcoin hing is always the best time to sell. Now we are about to hit that 500 days before the Bitcoin hing and I would see this still as one of the largest opportunities there are there is currently in the market and this is also just one of the things I think is just a very easy and simple indicator to look at but it's has literally been the most profitable indicator for Bitcoin and its history. So super excited for this here. Then also Ethereum if it's going to come back towards the weekly fair value gap. I would again see this as a major opportunity if it's going to come back towards that exact level and the EV BTC chart as well. We remain to be sitting in this uptrend and I mean we have created the the low of Eve BTC in my opinion already. We've broken out with a higher high and what we're doing right now here is creating an higher low structure which I think is super super valuable to be looking at. So this is all I had for today's update video was definitely a little bit of a shorter video. It is weekend. If something very important is going to be happening, I'm back in the office. I will be jumping live. And anyways, thank you so much for watching and I see you guys on the next one. Peace out. Goodbye.