BITCOIN DROP HITS 70K SUPPORT, NVIDIA BOUNCES 6%

Added: 2026-06-02

[00:00:00]Good morning, gurus. Welcome to another episode. Hope you're having a beautiful day. We're going to jump in the charts for Bitcoin. Bitcoin pulled back yesterday to 72. Another trade activated, so my orders are activating as it ladders down. We'll jump into Bitcoin and we'll look at TON also pumped, which is beautiful. Nvidia was up 6%. Hit the subscribe button, smash up, thumbs up, and turn on the bell if you make money from me. Protect the trees, the nature, push messages of peace. Let's jump into technicals for Bitcoin. Now we're going into technicals. And yesterday the tech stocks were down a lot. Meta was down 5%, Tesla 4.5%, Amazon 3.4%. Wow, Bitcoin falling even more now. Bitcoin at 70K. Huge drop on Bitcoin even just in the last few minutes. That bare flag that I warned about is playing out. Bitcoin is now down 15%.

[00:00:57]Um, Bitcoin is dropping my trade at 71 activated. Um, on the weekly it's heading down very strongly now. On the monthly, it's oversold and heading further down. Weekly oversold. Daily the bare flag is playing out. Unfortunately, very oversold, but daily bare flag playing out. I was warning about this resistance and the channel here, the bottom of this bare flag and it has come down to there right now. It's pushing against it 70,100. It's actually through the resistance. See, unfortunately on the 4hourly, it's heading down strongly as well. My next order at 68 is about to activate. One of my orders at 71 activated, but it's dropped another 1K.

[00:01:36]So, my trade is going to be quite in the negative on Bitcoin. It's now a 2.

[00:01:42]It's now a Wow, look at Bitcoin dropping. My order last night activated when we came down when we came down to 70 600 and then it got a bounce to 71600 and now it's falling further 7200. My Bitcoin trade is now 14 in the negative.

[00:01:59]It's now a 2.5 Bitcoin trade. Um so it's $175,000 trade. I've got my next orders laded 686559 but Bitcoin is just dropping hard. No bounce even. We came down yesterday to 71. I thought that would be quite that was on the resistance on the trend line, but now it's not even holding the trend line. It's breaking through. I might have built this trade too big actually.

[00:02:27]2.5 Bitcoin and we're dropping. It's not getting support as well. Um it started dropping very heavily on the news that Michael Sailor sold Bitcoin. So you can see bare flag playing out here.

[00:02:40]Um, this is when it's going to get difficult to hold this trade open as it pulls back. If it comes down to 60K, that would be another 10K drop on 2.5 Bitcoin. It would be another 25K. So, this trade could go into the 30K in the negative possibly.

[00:02:55]Um, but I will build the position here.

[00:02:57]It is oversold on the monthly on the weekly. The weekly, not on the monthly, yes.

[00:03:04]Um, and that bare flag unfortunately playing down playing out. Bitcoin is 15% drop from um that recent high at resistance at 80 82800.

[00:03:17]Nvidia had a 6% pump yesterday while the rest of the tech stocks got destroyed.

[00:03:21]Nvidia was up 6%.

[00:03:24]Wow, look at the crypto market just bleeding out. Bitcoin pulling it all down. Nvidia was up 6% yesterday. On the weekly, you can see Nvidia had a big bounce. um we came we had a 10% correction from the top and now from that support so it's formed a support here we got one support line here one there and now another support has formed on Nvidia here 208 but quite a weak one but it does look like a b a bull flag on the weekly it's heading up on the daily it's turning from oversold well it went oversold very quickly on the daily and got a bounce it had a 10% pull pull a 12% pullback and now it's had a 6% bounce from the low, 8% bounce from the low. Looks like a bull flag on Nvidia. Let's see how that plays out.

[00:04:17]But we can see there is a clear resistance here at 244 when we go back on the weekly. My biggest positions in order are Google, Nvidia, Apple, Tesla, and I'm building a position in Bitcoin.

[00:04:30]Building position, a small position in Ethereum. And Ton and Uni. Ton had a big bounce yesterday, but it's pulling back with Bitcoin. It had a little bit of a bounce. You can see on the daily, Ton formed a support here at A170 and then it got a bounce to $220 and then pulled back $230.

[00:04:49]Um, on Ton, my trades on Ton also activated yesterday.

[00:04:55]Wow, big drop on Bitcoin. My TON trade activated on that drop and it got a bounce.

[00:05:01]You can see he activated TON here. It bought around $10,000 worth of TON at $1.70 and then it got a bounce to$ 220 and now it's pulled back with Bitcoin to two. Bitcoin dropping super hard right now.

[00:05:15]Yesterday my trade activated at 71 and Bitcoin is just free falling 70 my trade activated at 71 and now Bitcoin is at 7200 so it's falling further unfortunately this Bitcoin trade -14K but it's a bit bit of a big trade 175K now so this position is building next order to activate would be at 68 my liquidation price is at 66 but I'm going to add more margin to this trade to make sure it can withstand the pullback. I want to build the position around start building position here. Um 64, but Bitcoin is just free falling.

[00:05:54]Let's go back into it. 70K.

[00:05:58]Huge drop on Bitcoin just from its recent high. It's already down 15% um since May 15th of May. It's down 15%. And if if you look at the total market cap of crypto 2.3 trillion, you can see that head and shoulders that I was warning about is playing out. Next support is at 2.2 trillion. So crypto is just free falling right now on the 4hourly dropping strong unfortunately. Next support on crypto. We've got one support line coming up. I would say the main one at 2.2 trillion.

[00:06:35]Let's go on to the weekly chart. On the weekly charts, we've got a support at 2.2 2 trillion and then next support at 2 trillion.

[00:06:44]But that head and shoulders and that bare flag is already playing out unfortunately on Bitcoin. Let's see how low it goes and if my orders trigger. Um on the monthly Apple all-time high near overbought on the monthly. Gold pulling back. It's down 20% since its recent high. Um Google is had a 6% pullback. That looks like a shooting uh inverse hammer candle, which is not the best to be honest. Um, hype getting a bit of a pullback, but actually holding even with this Bitcoin drop. Hype is holding. I bought some hype, a little bit of hype yesterday.

[00:07:24]Um, I've got $10,000 worth of hype. It's I bought it yesterday and then I've got orders on hype at 63 and six on per and on spot. Um, but Bitcoin is pulling down the whole market. My trade has gotten pretty big. It's been activating -14K, but it has been activating a lot of orders. You can see here I sold at 82 up here and then I bought but too soon and it's just been falling much stronger than much bigger correction than I anticipated. Next order is at 68 um 65 and 59. But this is not so good to see. Bitcoin is just dropping off a cliff. Um, on the Elite Traders Group, the AIS went short. Gemini 3.1 went short on Bitcoin from 77. Take profit was 72, made 6%. Um, Gemini 3 went short on Bitcoin at 77.

[00:08:20]A lot of the AIS are going short.

[00:08:22]Pebbles was the number one trader inside the elite traders group. Uh, you can see everyone here trading and discussing and the AI sharing trades. Nvidia um short-term it went short but that would have hit stop loss. Nvidia had a big rebound yesterday on chat GPT 5.5.

[00:08:39]Um you can join everyone in there and also in the free telegram down below. Uh buy bit is where I trade. Let's see if my trade goes back into the green or if I'm going to have to cut this trade.

[00:08:50]I'll probably add more to this trade as it pulls back. But we're getting no bounce from Bitcoin. My trade average is 75 now for 2.5 Bitcoin. So even though I added more yesterday, it just kept dropping even further. No bounce. Got a bounce from 71 71 back to 71700 and then just completely fell off. Now it's going to be trying to break 70K. Um it's it looks like a big loss, but it actually small percentage compared to I'm trying to put a 10% allocation into Bitcoin. So I will build up that trade as it pulls back. um some of your comments. What exchange do you use to trade stocks? Um you can use Charles Schwab. WEX also allows trading stocks crushing the markets while consistently push pushing peace. Thank you. Thanks for the update, Guru. Today sailor sold only 32 Bitcoin but crashed it billions of dollars. Um he sold like two billion 2 million but crashed it massively. My entry price on hype is 49.

[00:09:47]I've got one at 63. Um brilliant. Good morning gurus. Um, we actually I actually warned about this bare flag playing out for the last month. My issue is that I added too much too soon. It's pulling back very strongly. No bounces even. And if it breaks, it's below this trend line. If it breaks this bare flag to the downside, we could have a drop actually to if this bare flag plays out like the previous fractal did, Bitcoin could be dropping to 50k.

[00:10:28]Whoa. Target of this bare flag. If we zoom out, you can see the first bare flag fractal here dropped from 100K down to 60K. Then we got a bounce to 80K. If this second fractal, it will come down to 50K. And no bounce on Bitcoin. Wow.

[00:10:44]None at all. Just straight down for now.

[00:10:47]It's been straight down for almost 20 days from 82 when it reached 82 on the 10th of May to now the 2nd of June. So 22 days of almost straight down on Bitcoin. Small bounce from 74 to 78 and then just again dropping. Let's see how the trade does. Um I I usually get a lot of heat when my trades go into negative, but I am building a position. So let's see how we do. Um some students comments, I made 15,000 with Uber. Um, thanks for taking your time to get us all in the game. I was doing okay by your hope. I've done 450% of my portfolio since I've taken your course.

[00:11:21]I've gained profits 109K, more than doubling my investment. Beautiful. And um, Nvidia pushing again near all-time high. Bitcoin pulling back very strongly. Um, I've got more trades on Bitcoin laded down uh down to 50 59K, but it could pull back to 55K, but right now Bitcoin is just dropping very hard.

[00:11:41]Um, I could have waited to ladder my orders, but you never know with Bitcoin.

[00:11:45]You got to be prepared. In 2021, it went from 69K down to $15,000.

[00:11:52]70% correction. So, if it does that again from 126K, a 70% correction would be like 40K 59 and it went to 59K. So, even minimum I would expect a double bottom. Um, that's my updates in the market. Everyone hit the subscribe button, smash, thumbs up, and turn on the bell. None of this financial information. I want you to watch my trades, my gains, my losses. Right now, my Bitcoin trade is 14K in a loss, 13.5.

[00:12:18]Just had a little bit of a bounce um in a loss, but it is now quite a big it's building a position. So, it's $146,000 trade. And join everyone in the Telegram. That's my updates in the market. I hope you have an amazing day, and I'll see you all again tomorrow.