BIG MOVE COMING! BE READY!🚨 (Crypto Market Update)

Added: 2026-05-23

[00:00:03]Good afternoon, everybody. Welcome back to Selenex Crypto. I hope you're all doing great and welcome to this new video right here. A little bit of a um I might call it an urgent update because at the moment um we're entering a Friday. I think it's going to be a volatile Friday. We've We We We haven't really had a very volatile week so far, but that is um another reason why I would expect quite a lot of volatility this Friday.

[00:00:27]Um so [snorts] we'll talk about the different possibilities. The title is most likely going to be something like huge move coming. Um because I think a huge move is coming. I do have a bias in that as well. I'll tell you that bias in this video. We'll talk about the fundamentals as well, which is one of the key reasons why I have that bias.

[00:00:42]Um but ultimately, I do think we can go in both directions, right?

[00:00:46]Um I saw a very funny comment um I think yesterday or something talking about, "Oh, you said we can go both directions again." Yeah, ultimately, sometimes that is the truth, right? And at the moment, I do think it's true we can go both directions. It very much depends on that level right here at 77,150.

[00:01:03]That was the key level we focused on yesterday as well. That's the previous month fair value area high. Yesterday, you can see we spiked down into the point of control right here at 76,750.

[00:01:13]That was the point of control of the range we had Monday and Tuesday, right?

[00:01:18]Uh so we spiked down into that, got a good reaction, reclaimed the previous month fair value area high. So that's great, but that's the general level that that we need to hold, right? So a deviation below that is fine as long as we reclaim that. Yesterday, we [snorts] did. If today we're unable to go unable to do that, it's very bad news. And why that's bad news, in my opinion, is because the fundamentals at the moment are not too bad, right? The fundamentals for and we'll talk about that first, then we'll talk about the different possibili- possibilities for Bitcoin, which ultimately are also the key probabilities for the markets, right? The The key two scenarios.

[00:01:52]Um [snorts] we'll start off with that, then we'll talk a little bit about altcoins because we have actually seen some sig- old coin moves as well, and I wanted to talk about that.

[00:02:01]Um there's a couple of I I I find interesting and others I I don't really.

[00:02:05]Um but ultimately, the fundamentals, like I said, at the moment are not that bad. Fundamentals for Bitcoin are not amazing, right? If you look at the Coinbase Bitcoin premium, we're still at a massive discount, but very often we've also formed bottoms and we've also formed or got moves into the upside once the Coinbase Bitcoin discount bottoms or peaks, right? So so when the discount is the highest. Um and at the moment you can see we're reaching very high levels, which increases the probability that this peaks. Um [snorts] so so that it it becomes the most negative it has been in a while, and usually, you can see that a couple of times in the in the in the past as well, it's difficult to time that, but you can see once it actually peaks, we normally get a move into the upside. Like this was January, February, but also right here we got a move into the upside. Um so but ultimately, these fundamentals for crypto are not great.

[00:02:54]The fundamentals for the general financial markets, though, are, or at least they're good enough for me to say, in combination with the price action we have seen so far, so far, as long as we hold the previous month fair value area high, um that I would expect a move into the upside. My bias is slightly bullish, right? And that has to do with the S&P 500. S&P 500 right now is doing good. Um the volatility index is very low, oil prices are falling, and that mostly has to do, it seems like at the moment at least, this. Um the probability between a US Iran permanent peace deal by June 30th has increased in the last 3 days from 25% to 52%. That's being priced in by the general markets. So far, crypto hasn't priced it in yet, or at least uh Bitcoin hasn't.

[00:03:41]But I do think those fundamentals make it most likely, in combination with the fact that Bitcoin has been able to find consolidation on top of the previous month fair value area high, that we're going to get a move into the upside.

[00:03:51]>> [snorts] >> Structurally, I think it's it's correct as well. Um we're now back in the same range that we were at here between the 20th of April and the 4th of May. We found support here at the bottom of the range. Top of the range is sitting at around 79, 78,500.

[00:04:06]Um so structurally, it would be most likely as well we'll see a move into the upside.

[00:04:11]Um so everything this is it is slightly dependent on actually getting good news.

[00:04:16]Right? So if if we get very bad news, then things change. And ultimately, we do need to see that confirmation. Right?

[00:04:22]So going into the NYO today, which has just opened 2 minutes ago, Bitcoin needs to hold that previous month's fair value area high at 77,150.

[00:04:31]If we do that, even though the fundamentals for Bitcoin for crypto are not ideal, I would still say it's good enough to get a move into the upside.

[00:04:40]Um do I think it's enough to get a breakout above our key resistance level at 79,000?

[00:04:45]Um at the moment, no. If we get very good news, then maybe. At the moment, no. And then I'll tell you that what I also um what I wanted to end with right here before we talk about altcoins because I will talk about that.

[00:04:55]Um is that it's also crucial that we do this. Right? So getting that move into the upside would be huge. Right? That that means more stability at least.

[00:05:03]If we don't, right? So so we we created a a major CME gap over the course of last weekend. If Bitcoin is unable to fill that CME gap this week, that would be the first time in the last 3 and 1/2 months. The other time we did not do this was the end of January after we we we crashed much lower.

[00:05:22]Um so that's something to be aware of as well. If Bitcoin is unable to to fill those gaps into the upside over the course of the you know short-term future, it's very bad news as well. Historically, if we're unable to fill a CME gap to the upside like this, it um it would predict or statistically, it would mean we're going to get a dump into the downside. And that all depends on 76,000 76,150.

[00:05:46]Right? We're either going to get a strong move into the upside like this, fill the majority of that gap, and we're going to be fine. We'll have stability.

[00:05:52]But, if Bitcoin is I think this is most likely. I could be wrong. Right, if Bitcoin is unable to to hold 77,150 as support right now, we're going to fall down into 76,000. It's likely we're going to fall down lower as well. So, that's what I mean with a huge move is coming. Which one is, you know, a bullish move, a bearish move? I think a bullish move is most likely, but hopefully with that guidance kind of, you know, monitor the markets for yourselves as well. Um because what I think is most likely is obviously not guaranteed. Now, [snorts] talking about altcoins, I can be quite quite quick on the majors. Ethereum, not much has happened.

[00:06:27]Um XRP, I would wait for 1.38 to be reclaimed or a move down into 1.33.

[00:06:33]Quite a lot of strong altcoins over the course of today. NEAR has been very strong. Highstreet has been very strong.

[00:06:37]Ondo has been strong. Um there's a select group that I'm interested in, and those are not necessarily those. I think I still think Worldcoin, that was also in this list, is interesting.

[00:06:48]But, it's at resistance at 29 1/2 cents.

[00:06:50]So, break above that or get a pullback, and it gets more interesting. I think Polkadot is close to breaking out, as you can see right here. If it actually does break out, I think that's interesting. Uh XLM, I think has pushed down quite quite a lot, maybe even too much. So, if it's able to reclaim the key support right here at 15 and 15.3 cents, I think that's interesting. And Atom is actually still doing quite well.

[00:07:15]It broke above the resistance at 2.08 and 2.1. So, if it's able to hold that, I think we can see a move into the 2.3s as well. So, those are my thoughts on on the market right now. Like I said, it's all about 77,150.

[00:07:28]Um and then how do fundamentals develop, right? So, so for that, keep your eyes on the poly market odds. Keep your eyes on the news feeds. I believe during this video, we did not get any major news coming out. Um but um but keep your eyes on that, right? And be ready for both scenarios, honestly, because even though I think it's most likely we're going to get a move into the upside, it is close to 50/50. Those are my thoughts. Thank you for watching, everybody. Take care.

[00:07:50]Have a great weekend in advance, and bye.