URGENT: BITCOIN AT EXPECTED CRITICAL LEVEL ( CARDANO HARD FORK)

[00:00:00]Everyone's sleeping on Cardano. Last time this happened, it went from 2 cents to $3. Same sentiment, same everything.

[00:00:11]So, diving right into it here. Bitcoin ETF inflows return, but momentum is still not there. We see positive inflows for the second week in a row for Bitcoin ETFs. So, this is a twoe streak, guys.

[00:00:24]And then we saw that inverted head and shoulders finally clear the level we were talking about 65,000. If we hold above it, guys, this is very bullish news from our technical analysis. Guys, we said 65. We need to break and hold above 65. That's where we're at. We're currently at 655, which as you know, if you guys have been in crypto for any any period of time, you realize that $500 is not a big deal, especially when it comes to, uh, being a support or resistance level. $500 can be wiped in a blink of an eye. So, uh, but this is where we're at. So, this inverted head and shoulders is, uh, playing out. So, we'll see if we hold above 655. And with that second positive week of net inflows. Uh the past week we saw 75.7 million in net inflows. Uh but analysts are still saying demand remains insufficient to fuel a sustained uptrend guys. This is why I'm saying watch these levels. Watch these levels. July's total ETF inflows are now around 200.2 million. But this comes as US spot Bitcoin ETF saw 4.5 billion in net inflows in June. So total 2026 ETF flows are still negative by about 5.2 billion. Analysts say the return of inflows shows selling pressure may be easing, but Bitcoin still needs a decisive break and uh that decisive break was our level. All right, so they are aligned here. They're saying above 75 thou uh 65,000 to 655 range to confirm a stronger uptrend. I'm saying we need to hold above that level. I'm not saying just break. We need to hold above it. There's no point of breaking above here only to fall back in to this indecision level. All right. So, uh that's RTA. That's what we're saying despite what uh other analysts are saying. Just wanted to be clear with that. So uh for us in order for this inverted head and shoulders remain true the neckline has to be broken and remain broken which is above 655. Next up South Korea I September launch for second phase of CBDC pilot. So like I told you guys before and I've been saying this almost every day countries are moving with or without the clarity act. They're moving and adopting this technology in one way of or another. Bank of Korea's CBDC pilot will add two regional banks.

[00:02:50]new payment features and tests of government subsidy payments using tokenized bank deposits. Everything is moving onchain. So the pilot guys uses blockchain based wholesale CBDC as a settlement asset. Commercial banks issue deposit tokens that consumers can use for everyday payments. And then the next phase expands participation from seven banks to nine. So they're rolling this out, right? Whether you hate it or to love CBDC's, countries are utilizing this techn blockchain technology. So big picture, countries are moving forward with this crypto technology with or without clarity. All right. So uh like I told you before, if the United States wants to be the crypto capital world, clarity uh must pass. That shouldn't be the the thing that holds country like America back from being in the crypto capital world. So, uh, I think that's why you're seeing all over X, clarity must pass, pass the clarity act cuz you see the writing on the wall.

[00:03:52]This is a prime example. So, the first phase of that when we look at South Korea, the Bank of Korea, uh, you know, they're running in phases, but they're rolling this out. I think that's the biggest takeaway. South Korea is moving CBDC's and tokenized bank deposits closer to real world payment infrastructures. Okay, that means they're moving forward with crypto, right? they have everyone sees the writing on the wall. Right? Here's another example. So, uh we'll keep you updated on you know these global updates on countries that are utilizing tokenization, utilizing blockchain technology for realworld use cases. So, it's here, it's happening. And then we have Cardano activates ban Ransom hard fork. Uh we're going to actually do a video on this update, but I wanted to highlight this uh because the team, you know, was really excited because everyone's sleeping on Cardano, right?

[00:04:45]Last time Cardano was in the dumps like this, it went from like 2 cents to $3 during the bull run. All right, so when I see blood on the streets with Cardano, it excites me again because uh they did the same thing they did last time, continuing to build. So if you look at this upgrade, the upgrade move Cardano mainet from protocol version 10 to version 11 and the hard fork is expected to reduce smart contract execution costs, but it also includes Plutous improvements and Plutous cost model enhancements. If you guys been following uh the Plutous upgrades as well. So most importantly, I think it lays the groundwork for Cardano's next major upgrade. All right. And we'll dive into this uh through a dedicated video surrounding Cardano just because I think it's worth it to really gather all the information especially we talk about uh Oraborus Laos and you know we look at that design and how these upgrades are designed to drastically increase transactions per second without weakening Cardano's security guarantees.

[00:05:49]That's big cuz we've seen a lot of other blockchains. They're the fastest. they go faster and then they there's comp they leave everything open for you know being compromised right so we've seen that happen time and time again and uh I think the big takeaway here is Cardano isn't just cutting smart contract costs it's preparing the network for a larger scalability push through their upgrade or layo so um very excited to cover this and to dive deep into this update date.

[00:06:24]Like I said, most people are sleeping on Cardano, right? If you look at the industry, you look at everything going on, everyone's sleeping on Cardano. Last time this happened, it went from 2 cents to $3. Same sentiment, same everything.

[00:06:36]So, very excited to be covering Cardano and uh sharing the upgrades there. And we see this TA guys, we want to draw a straighter line. We can for sure. And uh just utilizing this ray and just go here straight across uh just wick the wick.

[00:06:53]We can draw it right there. Boom. This is where we're at. This is how critical this level is. All right. 65. Um and if we want to go lower, I I you know, I even had it here. Make sure we break above uh 65 even is what I said. So um that's if you want to go wick to wick, we're there either way. So this is the neckline. This is the entire area we want to break above. Um, if you want to have it a little cleaner, I have it here. We already broke above it. Like I said, you want to see new highs. So, that's kind of why we have it up here.

[00:07:24]Uh, making new highs outside of these wicks. So, we're right at that point. 65 655, like we said yesterday, will uh confirm that inverted head and shoulders and possibly a continuation to the upside. So, we'll keep you updated on that either way. Hope you guys got some value out of this video. Keep moving forward in everything that you do. We'll see you soon.