Bitcoin Is Crashing... This Move Is Just Getting Started

Added: 2026-06-03

[00:00:00]Bitcoin is breaking down and this move is just getting started. So, in this video, I'm exactly going to show you what I'm expecting and how I'm going to trade this price action. I'm going to show you a few really interesting charts. So, make sure to hit the like and subscribe button and save this video for later because this one is going to be helpful for the coming weeks and months.

[00:00:27]First, we need to look at the higher time frames support areas for Bitcoin.

[00:00:32]After that, we're going to have a look at the volatility index for Bitcoin.

[00:00:35]It's a really interesting chart. And we're also going to have a look at the volume profile and after that, I'm going to show you my game plan for XRP and also Solana. All right, guys.

[00:00:48]Let's start with the higher time frame first. Currently, Bitcoin is approaching the $68,000.

[00:00:57]And this area right here is a critical support area for Bitcoin because this point right here is the starting point of the move that brought Bitcoin to the local high of the $83,000.

[00:01:11]And the problem is there is not a lot of support under this support area. The next support is going to be found somewhere between the 58 and the $53,000.

[00:01:24]And let me make this very clear. If you go to indicators and if you go to visible range of volume profile and if you double tap on this, you go to inputs to row size and you bring this to 240, you can see a nice confirmation for these support areas because what you are seeing right here is the volume profile.

[00:01:47]And the bigger the volume is here on the right, the bigger the support or the resistance is. So, this is a nice confirmation for these support areas right here. And I think this area right here is also an interesting uh area because it's a little it's a little bit uh smaller support area, but if you go to the daily candles and you zoom this chart a little bit in, you can also see a nice confirmation of this support area. It's also a really big area for Bitcoin. So, my game plan is very simple. I'm going to buy a little bit Bitcoin here, and I'm going to buy a lot of Bitcoin here around the 58,000 US dollars. And I think it's very realistic that Bitcoin is going to reach that support area. And let me make it very clear right now. And guys, if you find this video interesting, make sure to hit the like and subscribe button. But, if you go to this chart, the volatility index, you can easily see why I'm saying this. Because what you're seeing here is the volatility for Bitcoin. The lower this chart is, the lower the volatility is. But, what's very interesting right here, every spike you see here is a big flash crash or a liquidity grab or a market bottom. But, every spike you see is a crash followed by a big move to the upside. But, what's very interesting to see, we haven't seen a big spike in the volume right here. So, I think we haven't seen everything everything with this move to the downside. And if Bitcoin is going to break this support area, and if we are going to reach that 58,000 US dollars, that's of course a big spike in the volatility. And what's also very interesting, let me make this very clear. If you bring this chart on the Bitcoin chart, and you zoom out, you can see what I mean. Every spike you see here in this chart, the volatility index is a big market bottom or just a liquidity grab.

[00:03:58]So, I think this is going to be very interesting for the coming days and in the coming weeks. Look at this, guys.

[00:04:05]Every spike is a big crash to the downside followed by a big move to the upside, but it is a long time ago we saw a big spike in volatility. So, let's see how this is going to play out in the coming weeks and in the coming months.

[00:04:20]So, for now I'm interested to buy a little a little bit of Bitcoin here and I'm going to buy a lot of Bitcoin here around the $58,000.

[00:04:30]All right.

[00:04:32]If we are going to have a look at the coins like XRP, I'm very careful with coins like this and I have told you it, guys, in my in my latest videos because I think there is a lot of downside risk for coins like almost every coin.

[00:04:48]Currently, XRP is breaking this critical support area, the $1.30.

[00:04:56]And it is of course a really big support area. The problem is the next big support is a lot lower. The next big support is all the way here around $1.10. [snorts] And that's also my first area of interest for XRP where I'm going to buy XRP. Right now, I'm not interested. I would rather miss this trade than going to buy than I'm going to buy XRP right now. I'm only interested here around $1.10.

[00:05:27]Otherwise, I want to see a clear trends rotation first. And what do I mean with a clear trends rotation?

[00:05:34]I want to see a clear break above $1.60.

[00:05:39]I want to see a clear structure with higher lows and higher highs. But, that's going to take some time. So, for now I'm not interested. Only here around $1.10.

[00:05:53]And it's literally the same story with Solana. Solana is still in a downtrend and currently it is holding above its range low, the last line of defense, but I think there is too much downside risk for Solana. The next support is going to be found here around $70 and the next one is here around $60.

[00:06:15]So, of course, currently we are still on support, but my first area of interest for Solana is here around $70 and here around $60.

[00:06:28]These are the areas where I'm going to buy Solana. Otherwise, I want to see a clear trend rotation, the same story as for XRP. And what do we mean? I want to see a clear break of $100.

[00:06:44]Only then I'm going to buy Solana here on a breakout opportunity. Otherwise, I'm just going to wait for lower prices because we are still in a downtrend and the downside risk is very high for the market. So, you have to be very careful in my opinion because if Bitcoin is going to break this support area right here, literally every altcoin will crash, literally crash. We are going to see Ethereum at least at $1,600.

[00:07:19]I think XRP is going to see at least the $1.10.

[00:07:25]So, currently I'm very careful with almost every coin, also with Bitcoin. I think the downside risk is very high.

[00:07:33]And of course, guys, we could bounce from this support area right here, but I think that is not a reason to go fully in right now. You have to be very careful, very patient for the best trading opportunities. And hopefully, guys, you find this video helpful because this is my game plan with almost 8 years of trading experience. All right, guys.

[00:07:57]Hopefully, I see you in the next video.

[00:07:59]Bye-bye.