BITCOIN DUMP EXPLAINED...

Añadido: 2026-05-17

[00:00:00]Bitcoin has seen a major drop towards the downside and right now my trade is in more than $50,000 in profit. And on today's update video, I am going to be explaining why we got this dump towards the downside because there are a few key reasons why this is happening. And I'm going to go over the most important charts, the most important data points, the big liquidity that currently is being building up below us. And I'm going to discuss it all on today's update video. So without any further ado, don't forget to once again slap on that like button back above 600 likes.

[00:00:33]That will be highly appreciated. And let me jump straight away into today's update video. So first of all, we can see that Bitcoin yet again created another big move towards the downside.

[00:00:43]It basically comes after we are seeing another retest from the highs. And if I remove all my drawings from the chart and currently just take a slight little look here at what the candles are telling us, we're clearly seeing there's losing momentum being created. And at the same time, Bitcoin is creating lower high patterns. And we're just seeing that the strength of the move towards the upside is clearly weakening. And of course, I'm still looking at this rising wedge pattern, which is by the way currently creating a breakdown for Bitcoin. And we are currently still retesting this most important level of previous support for Bitcoin now as resistance. Especially if you're looking at the 4 time frame, you can just see major previous resistance here flipped into support. Also, if you're going to be looking back over here, we massively got rejected before by this level and created a big move towards the downside.

[00:01:32]We are currently retesting this level.

[00:01:34]And truly, if we are going to be seeing that confirmation of the breakdown of this zone here, I personally think the big move towards the downside is going to come here. And of course, a few reasons why we had this dump here is that US entities are selling very rapidly because the Coinbase premium is jumping very negative out of nowhere. So that means that there's a lot of US selling pressure ongoing and at the same time guys I warned about this for a very long time already. I mean we have seen the stock market rally very significantly towards the upside while we are also seeing that oil is more than 84% up year to date. At the same time the 30-year treasuries are above 5%.

[00:02:15]This is clearly showing that the market is maybe pricing in somewhat of a recession or somewhat of a big crash that is going to come very shortly. So, the S&P 500 has seen a very small correction and Bitcoin took a very big hit towards the downside. More about this later, but before that, I want to quickly talk about today's sponsor on today's video, which is Aza Miner. I always want you to do your own research towards these products, but this is a sponsor for today's video. And just like me, there's been other big content creators in the space talking about it like Discover Crypto. We have seen Bitcoin Magazine also talk about it. And most recently in a previous video, I also made some words about it. This is basically a mining company which basically uses solar panels and AI to maximize Bitcoin mining profits and you can invest in these mining profits yourself. It is based in the US. Here you can see the IRS report. You can uh maybe pause the video to uh read it yourself. So this company is officially based in the US here. is completely regulated and basically you can invest a certain amount of money into hash rate and with that investment you can basically get daily rewards here. So make sure to always do your own research but it's a very simple platform to use.

[00:03:30]If you go to the ASA miner website you just create an account here. After that you come to this page you can invest a certain uh amount and you get basically daily rewards with the hash rate you are purchasing. And then you can of course deposit your funds here on the left side with crypto and you can withdraw them straight away as well with crypto. So this is very easy to use here. And if you want to know more about it, check it out in the link in today's video description. Further on, I want to go a little bit deeper into Bitcoin. And before I dive further in towards it, I want to quickly give a slight little update on my trade here. Currently, I am $52,000 in profit with my Bitcoin trade.

[00:04:09]This has been so far a very successful trade of course and I mean I have basically stated that I think that Bitcoin is going to be topping out in this region ever so slightly approximately over here. I will still remain to say this and I personally think that Bitcoin can move all the way down to about $65,000 to potentially $60,000 which is quite a significant target if you would ask me here. I mean I'm currently identifying clearly losing momentum on the market and for me it is more also an hedge since I am massively spot long here because of course I'm a big believer of Bitcoin. I'm always a big holder of Bitcoin and I just want to be hedging my positions to make some extra profit. If the market moves down here with my leverage trades and with the profits I make from this I can accumulate some more Bitcoin on spot here. And so far it is of course doing very good here. You could have also copy traded me if you did. So congratulations, you are absolutely on fire. But also one of the reasons why I think it's going to be dropping maybe a little bit lower here still is because the liquidity heat map is showing us a big chunk of liquidity is being built up in that 77 to about 78,000 US region as well. I think it's going to be quite inevitable that we're going to be grabbing this liquidity for Bitcoin. And of course also if we're looking just at the 200 daily moving average just like the previous cycle as well here we got massively rejected from that level.

[00:05:25]Currently we are seeing again a huge rejection from of the 200 day moving average and uh yeah just like last bare market and many bare markets before this as well. It doesn't make a lot of sense that Bitcoin is already going to top out right now since yeah the timings of this Bitcoin bare market wouldn't add up at all. And I do want to be mentioning as well guys I am planning to take big big long positions if Bitcoin were to come towards the lower side of the range.

[00:05:51]I've said it numerous times before, but I personally think Bitcoin is going to be bottoming between $60,000 and $45,000. If it's going to be in that range over there, I'm going to be a big buyer. I'm going to be going double down with my long positions. And I will still continue to do that if it were to come there. Well, most people then are going to be panicking. And if you want to be maybe trade yourself next time, don't forget to check out WEX in that first link in today's video description.

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[00:06:37]You can trade not only crypto, but you can trade also like Threadfi and a lot of other assets. So if you're looking to invest on spot or with leverage on any commodity asset or whatsoever, you can buy it on WAX. So so it's definitely a super valuable platform which you can right now check out in that first link in today's video description. And by joining the second link in today's video description, you can join our discord group here where I'm giving daily updates uh or depending on how many things are happening on my trades here what I'm planning. You can ask me anything in one of the channels and I answer them every two weeks here. So if you want to be joining that as well, join it in the second link in today's video description. Now let me continue even further in today's video and that is of course still saying that it wouldn't make a lot of sense for Bitcoin to be bottoming in right now here because I'm I'm trying to say this every single day just for you to understand what my perspective is here. I personally think the Bitcoin bare market is going to be at least last till the end of the summer. Some people are saying October because that would make it exactly again 365 days. But for me, it is near the end of the summer is where I think Bitcoin potentially could already be bottoming because I don't believe it's going to be exactly the same. But I do think it's going to be rhyming. So, it's going to be looking very similar. So, if we're looking at this chart, yeah, we're actually still following the path of the bare market and it would make a lot of sense that we're going to create another move lower. And like I said earlier, if I'm looking at most of the charts here, especially if you're going to compare it towards the S&P 500, just imagine what Bitcoin is going to do if the S&P 500 is going to be falling towards the lower side. You can see it already on the side of the dump the S&P created, Bitcoin, if I'm going to be overlaying it or just compare it to Bitcoin, took an even way bigger hit than the S&P 500 because from um the Thursday to now, we're down about 4%. Well, uh, from Thursday, which is the high from here, Bitcoin is down or the S&P is only down 1.6%. So, it is falling twice as hard as of for now. So, that is definitely something to pay attention towards. And if you're just looking at this chart, we can see clearly losing momentum. A rising wedge pattern is formed. And don't get me wrong, but literally 80% of the times whenever we create such kind of a pattern, it breaks down here. So, there's a very big likelihood of such kind of a pattern breaking towards the downside. So yeah, this was actually it for me on today's update video. If you did find it useful, if you did learn something from this video, don't forget to subscribe to the channel. It would be highly appreciated. And I check you guys on the next one. Peace out. Goodbye.