BITCOIN LOCAL TOP IS IN

[00:00:00]The local top is in for Bitcoin. I've been  advocating for this and I've been saying this for quite some time now, and I've  been guiding you through what I think is going to happen. And now throughout the weekend,  specifically yesterday with this liquidity sweep, we saw the local top in, in my opinion.  In this four or five minute update, I'm going to guide you through what I  think and why I think that is going to happen. If you don't know who I am, my name  is Fefe. I do these updates every single day, 5 to 10 minutes, to help you navigate the market.  I trade my own capital and share with you what I'm doing. You can follow along if you want to, but  you do you. Nothing is financial advice. Let's go.

[00:00:30]So, ultimately, here is what I'm looking at,  right? So, if you have been following the channel, these updates are built on top of each other.  So I said, if you're confused about Bitcoin, watch this. And that last update, which  we're going to put up here as well, you can watch. I basically explained that this  structure that we see here, we have a top, a bottom, a new top formed here, which had a  local market structure point here because of the three consecutive candles on the hourly, and  then a retrace all the way down here. I said that basically what I believe is happening, because  this level down here didn't create any new highs, it is not a strong level. So if, before  we see a close above the previous high, we see a market structure shift, meaning a lower  low on the hourly, on the 15-minute or whatever, that would basically tell me that  there is a rejection happening.

[00:01:23]Now I'm going to switch to the total. This is the  total market, sorry. So I'm going to switch to, I'm going to delete this, I'm going to  delete this. And what I want to show you is the following. This here, there is  three consecutive candles here. One, two, three. Right. So, after a market structure shift,  all this is explained in the video that we pinned and also going to link in the description. But  there is a market structure shift here. Three consecutive candles, a new high created and an  immediate reversal. This here is a very strong market structure shift. From there, there is  a retrace into this order block that has three consecutive candles to the opposite direction.  Get a 50% retrace into supply zone and a new low created here. Basically cements the fact  that there is going to be a continuation down.

[00:02:06]Then from there we have a complete retrace  into this region, and two times accumulation, manipulation, distribution. That's a method that  I use as a confluence. You can check this video out here. But ultimately what happens is that  it comes all the way back up here, and before it actually touches decently this supply zone,  it starts accumulating throughout the weekend, and then there is a run here. This is what I  explained on Friday as well. And then from there on there is another accumulation, manipulation,  even a little bit of a sweep above previous, and then a distribution phase happening. I do  believe that this major liquidity that is lined up here is ought to be taken. I do believe that it  is going to happen very, very soon. It can happen.

[00:02:47]Last time when I talked about this stuff, and  last time when we had a similar setup to this, people called me an idiot and they said, no,  that liquidity is not going to get taken. Well, guess what? That was this one, right? And  then from there on, the moment the top was in, when you saw this market structure shift and  retrace, Bitcoin dumped about, what is it, seven, what was it? From the top to the bottom in eight  days it went down about 11%. So if we consider this to be the local top, which I think it is,  8 days would put us down below 1.98 trillion, which would be, on Bitcoin, about 57,500. So  ultimately I see the same thing on Bitcoin. I told you I am short. I'm also short Solana. I'm  going to get to that in a second, but I'm short Bitcoin. Again, I've explained it a million  times. Please come back in every single day.

[00:03:37]I do have a Telegram channel as well. Link in the  description, it is free. I just share my thoughts.

[00:03:41]I'm going to be traveling quite a lot in the next  two, three weeks, so it's worth joining in the Telegram. But ultimately, liquidity has been  swept, it goes up, there is no power in this, and there is a 1 hour market structure shift.  What's interesting in here, which you don't see on Bitcoin but you do see on total, this is  what you really need to pay attention to, is that there is a one hour market structure shift on  the total market cap. There is three consecutive candles right here. What is happening? There  is three consecutive candles right here, a push above to the top of this supply zone. It's  just a sweep. There is no close above. It has four candles that are sweeping the high of that  level and then an immediate hardcore reversal.

[00:04:19]There was no news. There was nothing that  was supposed to be happening because of this. It's not like someone bumped someone  or something like that. It's just the market supply zone kicking in. And I do believe  this is happening. If you're not short yet, what I would be looking at, or I'm  going to look at adding to my short, is up here in this supply zone. So if we get back  here, there's three candles here, if we get back to this supply zone up here about 54,600, I  am going to add or open new positions there.

[00:04:45]Solana, I am actually underwater in my Solana  short. Why is this not showing? Did I delete my entry here? That's actually kind of crazy. I don't  know which, I'm learning these cards. I don't know which one it is. Let me just show you my entry.  But I'm underwater a little bit on that short. Oh, it's here. So my entry is $75. So if you look at  Solana, the reason why I actually am short Solana, it was hyped way too much in my opinion. Anoma is  launching, pump was coming out, whatever. Solana has been, you know, going up almost 40% and then  is descending. Now the only thing that I see here again on the 4 hour is that it's rejecting from a  major, major, major supply, and also on the daily, but also on the 4 hour, I do believe Solana  is going down lower, sub 64. My entry is 75.

[00:05:31]So around, I'm almost at my entry, around  here is my, oh, because of the market. Yeah, because of this, because of the break. Yes. So  you have this and then I need a break below, and then I shorted that break. My stop loss  is, let me just see, my stop loss is 79.15.

[00:05:49]So exactly above 79.15, above this level.  This is my trade, and I do believe that it is going to come through. My target is at  least $69 on Solana, but probably lower.

[00:06:01]Guys, one more thing I wanted to tell you. We do  have a partner here. If you are in the EU, they are MiCA compliant. And I know a lot of, I can't  tell you, but I'm talking actually to the CEO of Gate EU, which is amazing. He's an incredible guy  and he's telling me a lot of stuff coming to Gate, but there are partners on the channel here. If  you're in the EU, they have a campaign running, which means that you can deposit and trade with  zero fees in the coming month, which is insane, especially considering a MiCA compliant exchange.  Gate. They are also title sponsors for Red Bull Formula 1 and a bunch of other things. They are  compliant and they are first movers when it comes to that. So there's a link in the description. Go  and check that out. And if you're in the EU and you want to make a compliant exchange with zero  fees, it makes a lot of sense to actually sign up to Gate. Go and check them out, link on top of  the description, and join in the Telegram. It's going to be the second link in the description,  and I'll see you in the next one. Take care.