THIS IS BAD! Bitcoin Hitting New Lows!

Added: 2026-06-02

[00:00:00]Welcome back guys. Iran has quit all peace talks and therefore the market is in turmoil and Bitcoin is coming really really close to the level that I just mentioned yesterday. I will show you today if we should expect a bigger bounce from there or if we're potentially heading even lower. Don't miss out on that and let's go.

[00:00:28]Hi guys, welcome back. I'll try to keep this video nice and short here for today.

[00:00:35]Uh we are jumping directly into the DXY.

[00:00:37]The DXY is pumping here back to 99.3 points here. We are not really surprised about this. First of all, we have here a bullish pattern emerging, a morning star pattern.

[00:00:48]If we're closing today's candle as it is because of the Iran escalation now again and yeah, people are going back into the dollar. That's why we are seeing here a spike. Now when we're looking at the weekly chart, so here we are breaking below on the Bitcoin weekly chart right now the neckline of the W pattern, >> [clears throat] >> which is of course a bearish sign here.

[00:01:11]If we would over the course of the week not regain uh here the yeah, at least another 6-700 dollars. Honestly, I'm optimistic that we are going back here to at least 74-75,000 dollars over the course of the week.

[00:01:29]But it's Monday, first day of the new week and we are Iran just escalated again. Usually we see there's like a really short-lived kind of shock in price and then price is going back where it was before, you know, so this might be just a blip on the screen, um I would say. But right now this is of course not looking good.

[00:01:50]Then when we're going here to the daily chart, so here the overall trade setup that I had given you guys here is slightly underwater right now, not completely, you know, so this is of course a really ugly red candle that we are seeing here with the 50 moving average put putting pressure um for more downside on Bitcoin.

[00:02:09]While we are currently trading here at $71,390 respectively.

[00:02:16]On the 4-hourly chart, we're approaching slowly here my major entry level where I have more limit orders placed all the way down to $69,000 that I going to actually have Yeah, so for $69,000 I still have to do it, but $71,200 is $100 is the one that you saw yesterday.

[00:02:37]Still there, not activated yet. If it gets triggered, fine, you know, so I dollar cost average lower and lower as I have to to defend my position. I have no problem with that, but here on the 4-hourly chart, what you can see is that we got here from the EMA ribbon a strong rejection after we tried here for Yeah, 2 days to break above that, and this is not really surprising that when we are not managing even to break into the EMA EMA ribbon that we going to see at some point a harsh rejection to the downside, which we are seeing right now, and that leads most of the time then here to like a V-shape recovery at some point. Here like over there, there also here. We got here that area where we tried to break above the EMA ribbon, failed, V-shape, came back.

[00:03:25]Up here, failed again.

[00:03:27]Then here somewhat of a V-shape, failed again. So, but we get always somewhat of a V-shape recovery after we get harsh rejections and moving away from the EMA ribbon.

[00:03:40]Then on the Bollinger Bands, also here a sign that we are really short-lived outside the Bollinger Band cuz when we are outside, price cannot sustain that.

[00:03:50]We can doesn't matter if it's saying the upside or to the downside, price always comes back into the EMA the Bollinger Band, which is currently at $72,230.

[00:03:59]That is another $600 $700 above the current price. So, by tomorrow, after tomorrow, I expect that we are at least back at over $72,000 actually by tomorrow.

[00:04:14]Actually by tomorrow, if there's no further escalation on the Iranian side.

[00:04:19]Now, on the um daily chart with our bear flag here, we are right now in the underlying support level that I had pointed out yesterday. So, here is the first big question. Is Bitcoin able to bounce from here back to the upside, or will we break lower and go all the way to the bottom of the bear flag to $69,600?

[00:04:41]In all honesty, that is the lowest level that I can see if there's any further escalation on either side from where Bitcoin will then go back here into a higher levels.

[00:04:54]For now, there this level is still holding, hence why I'm not really concerned that we are breaking here below the bear flag and will trade here somewhere around $65,000 by the end of the week or something like that. Just not seeing this right now, but yeah, we definitely need here a bounce either today or tomorrow.

[00:05:14]At least back to $73,000 to prevent a drop to the bottom of that bear flag.

[00:05:22]Now, you know that I said that we start today the trading challenge.

[00:05:26]>> [clears throat] >> I still want to observe a little bit more what's going on in the market. So, but I going to make a post in the Telegram signals group for the challenge, so don't miss out on that. If you want to be part of that, just go here under my video, sign up on Alpha X, deposit $500, then go here through the verification button after you have signed up, and you will get access to the channel, and also for my normal signals channel, guys, it's absolutely for free. Just sign up here on Week or on Bybit. Once you have done that, go here to free signals, join on that verification link for Telegram, and just follow the prompts there. So, this is how the channel looks inside, and if you have any issues here, and you get this message here, verification failed, no problem, guys.

[00:06:11]Just choose one of the other exchange that you have not signed up yet. Press the button, sign up, and then rinse and repeat the whole process. You know, it's really that easy. So, and just to show you here my current Week position, I'm down here 35%, 36%, but you see we are getting really close to my limit order down here, the limit 17.7 Bitcoins. That's why I'm not really concerned, you know, I have more on a sign up here. I will now make another order here at 69 721.

[00:06:46]To add another, what is this?

[00:06:49]Another $170,000 is what I'm going to add.

[00:06:53]So, and you see here my liquidation price would be then $65,400 once I add this. So, here you can see it. Bam.

[00:07:02]So, now I have down here another limit order with another 37 Bitcoin to make sure that I'm not losing. But, look here how long we are already going to the downside. There is a bounce coming. We are never going in such an extent to the downside without getting at some point somewhat of a bounce, you know. So, we might hit here my limit order and then start turning around.

[00:07:25]On the liquidation heat map also here, we are not going much lower, you know, there's no liquidity below us.

[00:07:32]No high high leveraged long liquidity. I just refreshed it that you can see it.

[00:07:37]Still refreshing.

[00:07:39]Come on.

[00:07:42]Give me Yeah.

[00:07:46]So, as you can see there's not much here below us. Here $70,100 is That's the last bit of long liquidity that can be squeezed out here with a high concentration, and that's it.

[00:07:56]Everything else is stacked above us.

[00:07:59]And especially here around $75,000 from where we going to trigger definitely a short squeeze to the upside.

[00:08:05]So, here, how low can we go? Yeah, the lowest $70,000 ish, and that's it. You know, there's nothing below us anymore. Even if I go here like to 1-month chart, you will not find a lot below there.

[00:08:20]Here, there's like 65,600, yeah. But, you see here in between 65 and where we are at right now, there's there's not a lot. You know, there is something, but not a lot. But, it makes no sense to drive price now here down into this region, you know, when there's so much more liquidity stacked above us.

[00:08:40]>> [clears throat] >> Then, on the 12-hourly chart with the downward-sloping channel here, uh we are about to break out of that. And here the underlying support level that you see here at 70,600 to 70,182 could be hit with a wick and then bounce back to the upside. Why? Because we are running out of steam for the downside, you know? So, here the stochastic RSI is already hitting the bottom. The RSI is at 25, which is pretty low. So, just to show you here in comparison, when were we the last time at 25 or close to that?

[00:09:16]That was over here, and that was in February. So, 4 months ago, and that was here that massive massive move here to the downside when we were last time that low on the RSI.

[00:09:27]We're not staying here for a long time.

[00:09:29]You see, immediately the next candle was a huge pump candle back to the upside, and I expect something similar happening here, too.

[00:09:36]Hence why I'm not really concerned about the current price action, especially since I warned you about this yesterday and said, "Hey, there could be a little bit more downside like to 71, 100, maybe 70,000." You know, and then we going to go back to the upside. And this is exactly playing out right now. And yeah, we were basically prepared. You know, we were prepared. And there's um yeah, not much more to it from my side.

[00:09:59]So, we just keep playing it safe, acting according to plan, and that's all what we need to do. Thank you so much for watching, guys. Don't forget to smash up the like button, hit the subscribe button, and the notification button, and I'll see you again tomorrow.