BITCOIN: IT'S STARTING...

追加: 2026-05-09

[00:00:00]While Bitcoin just retested one of the most important levels of support, we are seeing that liquidity is building up on the lower side. So, I'm going to explain exactly in this video what I'm doing with my trade right now on Bitcoin. I'm going to talk about what I'm exactly thinking about the market, what I'm seeing about this exact retest, and more importantly, what I just think about this current situation in the market. So without any further ado, don't forget to once again slap on the like button back above 800 likes. It will be highly appreciated. And without any further ado, let me jump straight away into today's video. So first of all, I want to talk about how I'm currently sitting in my trade. And my trade is indeed currently in a loss. And I mean, if I'm looking at Bitcoin, we are currently getting rejected by the 200 day moving average. And if I'm looking at this current situation on Bitcoin, we are seeing an average slight correction. and Bitcoin is bouncing on this average supply correction. But if we are actually looking at the fact how the US 500, so the S&P 500 is behaving against Bitcoin, Bitcoin is actually reacting very badly against the rally that the S&P 500 had here because the S&P 500 just hit a new alltime high while Bitcoin is just still selling very slowly against its previous lower high which we're trading at. So uh that is actually a very interesting story. So, I am currently still sitting in my short position on Bitcoin. And this short position is still in a slight little loss here since I uh entered my trade around $79,000. And I had another entry at $81,000. And actually, if we're looking at Bitcoin, we're seeing that we're retesting one of its most important previous levels of resistance.

[00:01:44]You can also see over here, it acted as resistance. Now, this level exactly flipped into support. And maybe a lot of you guys would say that okay it's actually a bad time to be in a short position while Bitcoin broke above the range and is now actually bouncing from the range. So actually a lot of liquidity has been building up towards on the top side and now there's no liquidity building up on the top side but there's only liquidity being built up on the lower side and those are millions and millions of dollars on long positions on Bitcoin on the support level. So, a lot of people seem to be playing on this long level. And if we're looking at, of course, also the funding rate, we can see that currently the funding rates are quite positive on Bitcoin, which means that a lot of people are trading this as a long trade.

[00:02:31]And I don't really buy this too much to be very honest, since if I'm looking at the liquidation heat map, I'm seeing that there's still a lot of more short positions laying below us. So that would mean that most likely we're first maybe going to get the top side liquidity which is laying around like all the way up to about $81,000 or maybe $82,000.

[00:02:51]But if we're looking just at this general heat map, there's so much more liquidity laying on the lower side than on the top side. So if we're looking really at the seasonality and if we're looking at Bitcoin, how it's behaving itself in the last few cycles, it would make a lot of more sense that it is actually first going to get rejected before it ultimately moves up here. So yeah, that is personally my take on Bitcoin. I mean, if you look at the S&P 500 or the stock market in general, it has just been very strong. It's been rallying higher and it's actually just set a new alltime high today while Bitcoin remains to be quite weak here in my opinion. So I'm still taking this in my back of my mind on how we are behaving as a market and we are really technically speaking in a bare market.

[00:03:34]So that is of course also what I'm keeping in mind here. So yeah, it was a very short video. Like this video. It would be highly appreciated. And I will see you guys on the next one because probably tomorrow I'm going to feel a little bit better. But today I feel today I'm feeling not so well. So take care and I'll see you guys on the next one. Peace out. Goodbye.