The analysis correctly identifies key psychological levels, but the sensationalist framing masks a fairly standard observation of market momentum. It serves more as a sentiment-driven narrative for retail investors than a deep dive into structural market dynamics.
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Deep Dive
BITCOIN AND ALTCOINS: ALERT!!! MOST WILL MISS THIS!!! ๐จ๐จ๐จAdded:
I've been saying that the crypto market is about to go insane for the past couple of weeks. And some of the guys may think, "Dusty, huh, you are crazy because you keep talking about these 48 hours, 72 hours, 24 hours until something is about to happen. You keep titling your videos that way, but nothing really crazy is happening. So, what's going on?" Let me quickly just tell you, if you've been paying attention to the crypto markets over the past couple of weeks, one thing that's become, I hope, quite apparent to every single one of y'all is that we've been doing pretty freaking well. Taking a look at the daily chart, you can see that basically since the end of March, it's been mostly just only upwards. And it's not like we are back in the 2024s where just every single day we're up like 10, 15% or altcoins are absolutely shining cuz no, matter of fact, right now we are seeing some green throughout the week for most of the coins, but actually some coins like Ethereum have not even been flashing green here. And today, even though coins like Sui are up 20%, XDC is up 10%, we're doing some good numbers, we actually ended the day quite negatively. And what I mean with that is, if we take a look today, we saw 82.5 thousand. A few days ago, just 4 days ago, we saw 82.9 thousand dollars. But just now, over the past few hours, all of a sudden we saw a pretty massive breakdown again. So, we went basically from 80.2 thousand all the way towards 82.4, a pretty good pump in just two or so hours, three or so hours, let's see here. In 3 hours we were up 3% for Bitcoin. All of a sudden now, we've fallen back down roughly 2.5% over the past 4 hours. A classic nice little manipulation scheme, a nice little pump and dump, but we're still up higher than basically what we started the day at, so I can't really complain much.
Officially, I guess we're down maybe, you know, a few Mhm, yeah, 0.16% or so, but I'm saying that if the market moves up on a day like this, you know, if you see a pump of this sort, what it does, in my opinion, is it installs again a little bit of faith in the crypto holders. So, what I, for example, for an XRP would like to see, and call me crazy for this, is just one or two days where the market breaks out, has some sort of I just want to see the coin do something, all right?
Even if we fall right back down, because it gets people excited again, it gets people hyped up, and that's really what I want to see. Now, if you guys are wondering, "Dusty, why do you keep talking about 24, 48, 72 hours?" It's because I've realized that when times are boring, like right now, there's not as much going on right now. We can all agree with that.
What is most important are key dates that nobody can deny. And if we're talking about the next major key date that's coming up, it is basically what?
Uh okay, so it's right now UTC minus, I think, like seven or something like that.
Well, let's say I'm UTC minus six or something like that from my time zone.
We right now have only about, I'm going to say, 30 or so hours left until the inflation data comes out in the US, and right now it's expected that the inflation rate is going to see some pretty staggering numbers, and by that logic, well, it can definitely put some nice little rickamajig in our freaking Bitcoin prices or stock market prices for that matter. Remember, guys, what we are still waiting for is one major catalyst. Right now, we are in the zone where Bitcoin is still indecisive, right? If you remember that little red bar that I've basically drawn in, this is the indecisive zone. The moment that Bitcoin breaks out roughly above 82.something thousand dollars, I would say we are back in the clear, right?
Which is not here yet. We are right now still hoping for this to break through, but again, this is an area we already expected to to to stay up for a little while. Having said that though for the S&P, as you can see, we've seen some pretty staggering numbers. Obviously, the weekend is now over again and we're going to get back to Monday. Well, for the most part, what we've seen recently is some pretty crazy pumps throughout the week for the Bitcoin market.
Actually, not crazy, but you get it.
With a pretty interesting dump over on Sunday. I wonder, since we ended the week on such a positive note for the S&P, a record close again, what happens if this opens with a pretty nice crazy bang over on Monday. How is that going to be looking for the crypto market here?
Cuz we ended on an all-time high. Crypto market usually is a bit lagging, but comes along as well. How is that going to react? Well, for the most part, we are quite positive, all of us, because essentially most of our major asset classes, the ones that we really like to hold, like silver and gold, you know what they've been doing? Actually, we we've seen a major dip, sure, right? A a couple of weeks ago, last month or so, about two months ago. But every single thing for that matter is recovering.
Just slowly but steady wins the race over here. Everything right now is back to a slow but steady increase. Just kind of like the crypto market is doing, right? The biggest dump is out of the way and we're slowly but surely climbing back up, waiting for another massive spark. But if we remember from what we've seen with the gold, for example, really, this is the weekly chart, sometimes it doesn't really need There doesn't really need to be any sort of crazy incline in a day or something like that. Sometimes slow and steady can win the race. If we take a look at gold, you can see, right? The moment that it started blasting off was when? Well, it's quite hard to justify, it's quite hard to say, because when you zoom out and you keep doing so, it basically seems like we've only been going up at some crazy pace all the way since 2015.
Now, gold has only, or so, done a 5x in that 10-year period, but since it's gold, that's pretty freaking massive.
And I I kind of like to say the same with many of our favorite coins. If you take a look at it from a short-term, yeah, you know, we're even down going down. But if you compare what we are seeing right now, uh back to, for example, 2024, that's what this chart right now is based off of, just a little bit extrapolated, like uh made a bit bigger. You can see that if we take the highest point of this cycle, right, and we we we put the basically the same sort of pattern that we saw back in 2024 over it, over the pattern right now, again, what we basically see around this time is another massive leg up with almost no freaking stop. The thing is, right now it's hard to see that things can go absolutely crazy in a very short amount of time. I'm not saying that 48 hours is all we need, and it's going to pop off. I'm just saying we're getting closer and closer to, again, a period where we've basically been going up and up and up for many months in a row, but because it's slow, you don't really really realize just how good it was, and that's why I keep saying, this is again a time we pay more attention rather than less. Why? Because the lowest point was $60,000. We're already $20,000, or 40% up from the bottom. People don't realize how much we're already up. They will only start realizing it, let's say, 3 weeks from now or so. I'm just giving an example. If Bitcoin is back at 99.4K, they'll be like, "Hey, you know what?
This is actually pretty good." Why?
Because when the market comes back up, right now, we are seeing prices not seen since January. But nobody is uh congratulating us. Nobody's there with their flags out, "Woohoo!" in the large, you know, freaking clothes off. Nobody. Why?
Because it's not that good of a number.
But in reality, $80,000, well, when we're at 60K, I would have wished for it. I would have been like, "Damn!" Right? And that just basically now means you could have bought below Sailor's price, right? At 70-something thousand. Most people didn't. They were waiting, they were waiting, they were waiting because they think it's going to go lower, which it could, sure. But see the recovery. IF YOU HAD BEEN CONSISTENT, AND YOU BOUGHT that freaking dip, you'd be up 40% right now on your lowest buys. I want you to consider that. I want you to realize that and you can keep calling me an idiot for saying that things are going to get better or it's about to pop off or 48 72 What we've been saying is hey, this period a few weeks ago seems like a very good period to lock in, go all in, etc. etc. Not financial advice by the way, just my thoughts. And a few weeks ago I've also been sharing and screaming that I really think things are a bit different right now. It's a very good climate and sentiment has shifted. And luckily we were right now. As it currently stands we're still in a bit of a middle zone where there is still some some big barriers to be broken and oh I mean I'm not completely just bullish again or anything like that. I'm still a bit mediocre. But really as of this point the major next threshold is probably closer towards $90,000. There's not as much price action that we've seen within the mid 80s. It's mostly starting at like 87 89,000 dollars. But I really think the moment that this area is broken through we're going to be seeing a pretty quick move towards the mid 90s and that's really when things get interesting again because at that point you're close to the moving average here and you're close again to the very special sounding at least 100k mark and I'll be paying some very close attention to that. Now ladies and gentlemen, if you want a crypto exchange to trade on you can find a link down below to Blofin. Why Blofin? Well because right now you've got some pretty nice bonuses just for signing up. So just check it out, click it and you'll see some pretty nice juicy juicy deposit and sign up bonuses or if you like more of the bot trading stuff you can check out Pionex with the link down below. And ladies and gentlemen, that's about it for this little crypto update. See you guys again somewhere tomorrow in another one.
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