THE MOST IMPORTANT BITCOIN TRADE UPDATE THIS WEEK!

Added: 2026-06-02

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[00:00:00]1. FINAL CORRECTED TRANSCRIPT Very important update on my Bitcoin trade.

[00:00:03]As you know, I've actually shorted up here. I've  given you all these trades. I'm up about $5,000 on this specific account on this trade alone. But there is a very important level down here that I might need to consider taking some  profits from. It's very important — not closing the trade — but there is a particular thing I'm  looking for to take that 20–30% profit off. There is a possibility for us to bounce up to $75,000.  So I do want to make sure that I am on the right side of the trade and maximizing my profits.  That's what I'm going to talk about today.

[00:00:36]If you don't know who I am, my name is Fefe. I do  these updates every single day. They are 5 to 10 minutes long, basically sharing with you what  I do with my own money and how I navigate the market. About seven days ago, I said that I've not  seen this pattern since the October top. That was this market structure shift, and then I shorted  publicly. So if you want to participate in these, then subscribe. Join the 40,149 subscribers  that we have here, and also join in on the Telegram. It's a channel where I post my  thoughts. It's free, so check that out. Also, turn the bell notifications on because we usually  don't post it on X all that much. So just turn the bell notifications on. I would appreciate it. Very important. So I posted this on the 25th of May, about 7 days ago, and I said daily close  below the previous low, market structure shift, the final confident sub-60,000. Bitcoin was at  about $78,000 when I posted this. The reason why I think we can see sub-60 very fast is as I  said — when things break, they will break fast.

[00:01:36]People were up here when I made this post. When  I said the top is in, by the way I called the top in October the same way. If you go down here, you  see so many people were like, "Oh yeah, you're so stupid. This is not going to happen." All that. So the reason why this is interesting is because if you look at the market since then, since my  post and the short, Bitcoin is down about 7%. And this is a massive meltdown. I was talking about  the fact that we're going to melt up a little bit, but it was not really a melt-up. It was rather  like a staircase up, but this doesn't look like a staircase to me. It looks like a  complete obliteration and distribution, which it is. Close above and the distribution  phase to the downside — sub-60,000 is definitely in the cards. I do believe that we're going to  get there, but I rather think this would be the more likely setup than just straight down, unless  there is some major escalation that happens. The market doesn't seem to care that much about it,  all while the S&P is making all-time highs. So I think even though people are saying there has  to be a catch-up trade, people are just going to realize that everything else is moving  but crypto is not. So they're leaving.

[00:02:53]Ultimately, I'm just checking the chart and doing  the chart. It's pretty simple — just short, come back in August or September, buy Bitcoin sub-60.  But it's not that simple, and I'll tell you why.

[00:03:07]A couple of things I want you to pay attention  to. One of them is I've been saying markets always retrace 50%. So if I just pull this — this is the  daily high up here, this is the daily order block.

[00:03:22]If I just pull this Fibonacci, which is one, two,  three levels — don't count this market structure shift — then I'm looking for the 50% retrace.  Markets always retrace 50%. Push 50, push 50, push 50, push, break 50, 50, 50. Same way. So now, if I want to find where we're going back — the problem with this bounce here and the  reason for the retrace that is coming is that we can close above this daily high that was formed  at around $78,200. But that threat is basically gone because you have to follow the price action.  And because this entire leg did not have a 50% retrace, the retrace — even if it happens, even  if it happens from here — comes straight into this higher time frame order block. Therefore, there  is literally nothing to worry about. This is not going to close above here in my opinion before  we go to sub-60. So there's not going to be a close above $78,200 before we go to sub-60,000 in  my opinion. That's what the chart is telling me.

[00:04:24]So why do I consider taking some profits? A  couple of things. Here's what I'm looking at.

[00:04:37]One is usually I talk about the Monday false  move — well, not the Monday false move, but between Monday and Wednesday there is manipulation  happening usually in the market. Why? Because it's always accumulation, manipulation to one side,  distribution to the other. Something like this.

[00:04:57]So that's a very similar pattern to what we're  seeing now. Accumulation, manipulation. There can be a little bit of distribution to the upside. I'm  not saying that we're going to close above there, but this could be reversed and have a little  bit of a pullback. That doesn't seem like a lot, but that's thousands and thousands of  dollars on these accounts that I'm running.

[00:05:16]So I'd rather just take some profit. For  me, the level to take some profit from is actually the 15-minute market structure  shift. And I have a feeling that it is going to happen today. I can look at the hourly as  well, but the hourly is all the way up here, so that would be a 6% move. So even though I'm not  going to long that move, I do believe it makes a lot of sense. I might long it, but not for now. It  makes sense to actually take profits once we have a 15-minute market structure shift at $71,000.  Before you start taking profits like a madman, I'm taking about 30% off. Why? Because that 30%  is going to be enough for me to cover my stop loss in case I'm wrong and in case this goes back. So I am going to take about 30% off if we close above the level of $71,058 on the 15-minute  chart. If we close above that level, it also has to be aligned with the total market cap at  $2.41 trillion. So if we see that, I'm going to take 30% of my position and I might consider a  long if we come back. I'm not going to be rushing into a long because I know it's a hot potato.  We might have a 3% move which could be great, but this is ultimately what I'm looking at. That's number one — the manipulation. And two, we're coming into the daily chart and some serious  demand down here. I know it's artificial demand because this was just a retrace, push into that  — you see this selloff and then the elevator down. I would not be surprised if we have a  continuation down. That's what I expect. But I have to play the chart, and if we have a  bounce from this order block, that basically tells me there's a little bit of demand here  and they need to trap more people before they send this lower. I would not be surprised. Then the third scenario, which is more likely in my opinion, is that we go down to the  $68,000 region around down here. If we come down — and I think we will — and show a market  structure shift on the hourly or 15-minute, whatever, I think it's worth looking at a long  position. But definitely worth closing 20, 30, 40% of the short and getting in a little  bit higher with a better entry, and already basically a risk-free trade, because the 30% that  you take, if you size properly, should be enough to cover your stop loss in case it gets hit. So this is what I think is going to happen. TLDR: I do believe that we're going to sub-60,000. It  can happen any time. By the way, don't forget that sub-60,000 is about 14% down. This move right  here was a 33% move in nine days. So don't think that this cannot happen or that it would take  a long time. But I also do believe that this is the final flush. We'll see how low we can go. Someone actually asked me how low I think we can go. I think we're not going to breach $48,000.  That's what I think. That's like the lowest I see us going — $48,000. But I mean, I'm not a fortune  teller. I have no idea. This is just what I see on the chart. We've got to take it level by level. So TLDR: I am looking for a potential bounce here, not higher than around $73,000. If it really  wants to push, then potentially it comes back to the $75,000–$76,000 region. I don't think  that's happening, but I want to be prepared for that. And that's why I'm going to take  30% off my positions once there is a market structure shift. Of course, I'm going to post  it in the community. This is why I have this channel. I'm going to post when that happens. Ultimately, I would expect us to go a little bit lower down to around $68,000–$70,000, show  a market structure shift around that region, and then go from there. If this happens, I'm much  more interested in longing as well, as a scalp all the way up to around $73,000, which by the way  at that time will very much align with the 50%.

[00:09:09]Until then, I'm literally just waiting it out and  riding the short position. It's very important to remember this. I really made a mistake in October  because it was like a 40% trade on 2x or 3x leverage. It's still a great trade, but I could  have made so much more if I just rode it all the way down. And I think this is another opportunity  with a daily break. It might take time to play out, but ultimately it is going to sub-60,000  in my opinion, and I want to be on that train.

[00:09:39]One more thing I wanted to tell you — two things  actually. One of them is that I know a lot of you signed up to Toobit and didn't use your account.  So what we created is a deposit bonus. If you deposit $200, you get a $20 bonus. If you deposit  $400, you get $40. It's basically a 10% bonus up to $1,000. If you deposit $1,000, you get $100 in  bonus that you can literally just use to short, to long, and take the profit with it. Sign-up link  in the description. Non-KYC, available worldwide, based in Singapore. Very cool exchange. The other thing I wanted to tell you is Bitfunded. We have been running this  campaign where people who signed up using our link get a $5,000 account. There is going  to be a distribution happening today. Five of you will get a $50,000 account as well. And  I would urge you to wait out the week because next week — I don't know if I'm allowed to tell  you this — but next week is a big celebration at Bitfunded. It's going to be their anniversary  and they're preparing something that has not been done before. So if you want to buy yourself  a challenge, I would wait a little bit because I think it's going to be worth the wait. Guys, appreciate you. I'll see you in the next one tomorrow. Subscribe, turn the bell  notifications on, and ride the wave. Take care.