Will the 200-day MA hold? The level is still being tested — a bounce from the current zone is expected and shorts piling up suggest one is loading, but if Bitcoin loses 71 the next stop is 69,500, with confirmation only above 80,000.
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00:00 Okay, Bitcoin $74,000 now approaching the very important 200day moving average. Now guys, this is where we need to see bulls come into the market. And what I want to show you guys over here is we are forming a ton of liquidity to the upside, right? So, as you can see, as we're dropping now, the shorts are starting to pile up, which means a bounce is loading.
00:20 But there are two big scenarios we're going to talk about. A bounce in the area where we at now or we going into the 60,000s. Where are we looking at there? and what does that mean for altcoins? What I want to add in the stream right is I want to speak around um the plan for the rest of the year. What are the different scenarios to come into play and as well into 2027.
00:37 So today I'm going to bring you a very important show when we speak of what's happening now. But at the same time, what is the plan going forward? Because when this market is dropping like this, it's harder than ever. And I want you to keep your eyes focused on the road because the biggest opportunities are laying in front of us. We just got to stay alive and we just have to stay in the game.
00:58 So do me a favor, smash up the like. Let's go. >> I try and fight the devils, but inside I'm just like sniper. >> How are we doing? It's getting hard out there. Starting to get a little bit difficult. A lot of gains that we saw are starting to be removed, right? And we did know that at some point, you know, we were going to chase down the higher low, but it is starting to get difficult.
01:28 Okay. And we're starting to put in some really big moves to the downside. So overall, if we look at the last month on altcoins, we are sitting between, you know, anywhere between 25 and 40% down on altcoins, right? Even though they saw a incredible month before that, right? This is now the aftermath of the bears now stepping into play. Now, you got to remember when you're coming out of a bare cycle, right?
01:49 You get the first disbelief wave and then you get the pullback of the disbelief wave right and that's the hard one to stay stay involved in and that's when I keep explaining that this is where 5% make money right in this market and they make great money but you have to be able to withstand this type of difficulty over here and throughout your journey right it's so important to learn that all you're going to do is learn lessons and just learn how to allocate capital so for me I'm in I'm actually in a quite a bit of
02:14 positions 10% uh higher than where we are now on a lot of the altcoins but I'm still sitting with cash, right? I'm still sitting with cash. I'm just waiting to see certain triggers for me to deploy. Am I just dollar costing down, right? There's certain trigger points and at the same time, I'm also going to start applying the tools, right? The tools and the skills in place.
02:32 So, when it comes to this now, it's a free-for-all of buying the best altcoins in the market. The same Ferraris you loved two months ago, right, are on special today. Okay? and what can you buy and be patient with and afford and allow it to not hurt you or destroy you you know financially as well as uh mentally right that's for me is what I'm allocating at the second point I'm waiting for you know the not catching the falling knife waiting for the clear signs of a strong bounce strength come to the market and then I
03:02 start the tools right I start the funded accounts I start the trading I start some leverage positions and I start to move through right just know that as this market comes down there's so much money to be made when it goes up again, right? If you look at a a perfect example on a lot of these altcoins here, right, of they've come down and I just want to show you Zcash is probably not it's done really well, but here's uh here's Chain Link, right?
03:22 It's come down. If we look all the way from the top now, chain link is down 33%. Okay, but on the way back up, right, there is 51% to be made. So, just for us getting back to where we were two months ago, there's a lot of cash to be made, right? So pick your heads up, keep going, keep pushing through, right? And know that there's a lot of opportunities to go forward.
03:44 So let's speak about where we are at right now when it comes to the Bitcoin market, okay? And the alcoin market. So we have two big supports right now. Okay. And one thing I'm paying attention to is the 200 day moving average that is sitting around $72,000. We are now approaching that. Not only that, we did actually drop very near in the mid73,000s.
04:00 In the last 24 48 hours, we have dropped to that area over there. Okay. And now just below that we're sitting with the Fibonacci at 72,800. Then we have another support at 69,500. Guys, the important thing here is both of these are valid. Okay, but to also understand it's going to take a little bit of time for this market to recover, right? We're looking anywhere in the next 20 30 days for this market to recover.
04:27 Okay, but at the same time, there's also quite a big gap that's being formed here to the initial trend at the top, right? which means at some point we very likely are going to see a bounce up to this area back to 80,000. Okay. And then from there settle but realistically we're probably looking around 30 days out from market moving up. So again this comes down to the play of what can I buy right in extremely hard condition moments when things are moving down for the long term right things that I can sit back and make
04:52 cash and that comes into a mentality of putting money that's not going to mentally affect you that's not going to financially affect you right now but stuff that you can afford but taking advantage of the opportunity. There's a lot of capital we made up, right? Um, and if we look at this now, >> there's two levels of support. Okay, here three levels of support here at 73,000.
05:12 I have the trend line. Okay, and then I do have this 60 uh 618 sitting at 69,500. This for me is a kind of wick. Things exaggerate a little bit from here. Very likely to be bought up pretty quickly, but these are both in play. Realistically, the breakouts are only here above 80,000. Okay, at the same point, pay attention to this over here, right? All right, we're sitting with 77,000.
05:32 A lot of liquidity sitting over there. And we do have liquidity starting to pull that 81 to 82,000. Okay. So, what you can do now is you can focus on accumulating if you're looking for trade setups, right? The setup that I'm looking at, trading is a little bit difficult. I had a bit of a terrible week last week, but uh uh we go again, right? But I kind of pay attention to these trends that we form lower down over here.
05:54 And I pop that through. And as you can see, there's still a bit of time. Very likely Mark's going to chop a little while, okay? and then start getting going if this is the holding of this level. Okay? Or, you know, we have to pay attention to where's that trend. It means that Bitcoin will accelerate above 75 down to 79,000 if we get through that major area.
06:11 Okay? So, there's a little bit of time that's telling me that realistically I'm trading by Thursday, Friday crypto for now as it stands, right? That gives me the idea of specifically Bitcoin that we're seeing over here. So, guys, again, we are at the zone. We can see a bounce from here. We need to break this trend and we need to pop up to 80,000 pretty soon.
06:28 Okay? If we do not, the acceleration zone to the downside is loss of 71. We're very likely to shoot down to 69,500 and that's where we're going to see a bounce. So again, this is an area of where whatever cash I got left, right? Where I can accumulate big and good positions. Now the problem is the altcoins, right? The altcoins have now lost 200 day and they've lost 618.
06:47 Okay, I want to remind you again that yes, it's tough and it's hard, but we are just searching for a higher low of the cycle, right? We're looking at the breakout and we're looking for the higher low and from there we're looking at new highs and into the the mid-range of of the markets. So even though we are dipping through and we pushing down here, don't be surprised if it does get bought up, right?
07:07 And as you can see as well with the alcoins as you pop on this daily trend and it's giving you the same sign, right? Alcoins are in the verge of 14 alcoins are actually very likely to lead the next pump, but around 14 to to 16 17 days away from an actual breakout, right? So the more we start to accelerate down, the first bounce is to the trend line.
07:25 Okay? And the real breakout where we start pushing up again happens on the break of that trend. So keep this trend line on the total three on all coins. But the big thing that I want to bring to you guys here is we've lost the crucial 618 and as you can see lower down. So as it stands right now, I do think all coins are going to go lower. Okay? And I'm I'm going to be buying quite a bit of altcoins at this area over here, right?
07:44 786 zone. What that looks like, okay, is if we look at ETH, right? We're sitting here $2,000. another five to 8% down. Right? If we look at NA, guys, NA is very likely to come into the early $3 and that for me I'm buying up NA, right? I bought a little bit at 36. Okay, here's the trend. You could see the breakout. This is going to be a great trade when it's ready in the next couple of days.
08:06 Okay, but there's great zones to accumulate near. Right, chain link is on the 200 day on the 618, but I need to give it room as I am with the rest of the market of another easily five, six, 7% movements over here. But it's at huge support zones where we're sitting at right now. Zcash, Zcash, it's holding so well and it might still hold. Okay, but there is a scenario that if we lose this trend, it's going to speed up and we might actually see a Zcash flush down to the 900 800 and that can be a strong buy for Zcash.
08:36 So, keep that in mind for a long-term position. I want to show you guys the USDT dominance chart. We're nearly there, guys. I spoke about a possible another spike up in this and as you can see, we're now at that major trend 200 days above. we should find reversal terminance uh uh turbulence in this area over here. Okay, so bit more damage, but I do see bulls stepping in and I'm using them as a way to accumulate long-term positions.
08:57 Couple of good bounces that we're seeing is render right now. Again, I don't think render is just going to go up from here. Okay, but it is showing strength which means that another push down on render back to the 1.4s. Okay, and a push up is something that I'm looking for. So render is one I'm accumulating. Injective is what I'm accumulating. Arweave, sooie, right?
09:14 Imputable X comp, right? towel. Okay. Algorand, right? Block stacks, Fetch, GRT, right? These are all ones that I'm accumulating for next push up. Not all of them I'm doing long-term positions, but a lot of spot positions I'm slowly building up over here. Okay, we just have to be super patient. For those that don't have a Culture account, you get $50 bonus for signing up with Kelsey.
09:37 Link below in the description. Okay, let's jump back in over here and I want to highlight you guys. Oh, Salana. Salana is an important one I want to speak around. There might be a trade set up on Salana over the next couple hours. Okay, but soul is now at 618. Okay, at 618, which means if you look at soul, very likely we're going to hold these areas, but there's support.
09:57 So, but this Salana accumulation between 80, you know, I spoke around the late 80s and now we drop into mid 80s, right? We have this whole area to accumulate Salana. And what's nice about solo as well is you pop in this high time frame trend, okay? And the break of that trend is going to be uh trading territory. So get ready for the trades. Sharpen up the tools.
10:17 Load up the mindsets. Keep the mindset strong. There's a lot of great opportunities coming. For now, it's falling knife. Slowly accumulate. Keep cash on the side. And when the trends break, we then go full sand. Have a fantastic day. I'll see you guys all tomorrow. Lots of love. Bye-bye.