BITCOIN: IT'S HAPPENING NOW...

Added: 2026-05-23

[00:00:00]Bitcoin is right now breaking below a key level of support. And on today's update video, I'm going to discuss the breakdown of this very important previous higher low structure we were creating and that we are right now are breaking. And then, of course, I'm going to give a big update on my trade I'm currently taking on Bitcoin, which is now $280,000 in the profit. So, this and of course so much more will be getting discussed on today's update video. So, without any further ado, don't forget to once again slap all that like button back above 600 likes. That would be highly appreciated.

[00:00:35]And let me jump straight away in today's update video. So, first of all, yesterday Kevin Warsh, the new Fed chair, has been officially sworn in. And this is a very interesting move, of course, first of all. But currently, he is inheriting the most challenging bond market that has been in a very long time. Because if you're looking at the previous Fed chairs here, we are seeing that yeah, uh Kevin Warsh has got a very big job to do here because well, Jerome Powell or Janet Yellen were sworn in sworn in, the 10-year yields were sitting much much lower. And this is for sure going to be a very difficult job, which he will be having to do. And actually, after he got sworn in, Bitcoin straight away took a dump towards the downside and actually broke below this very critical upper sloping support line I've been talking about for quite a while here. So, we broke below the support line and actually Bitcoin is still continuing the trend of the breakdown of the rising wedge pattern, which of course I've been bracing for and which of course I've been talking about for a very long time.

[00:01:41]And actually, ever since we broke below this upper sloping support line, Bitcoin has just continued downwards and downwards and downwards. And if you're truly zooming in towards the immediate short term, I think it's clearly what we're seeing right here is that we were creating an ever so slight low structure. It is of course currently weekend. It is Saturday, but still the moment we break this trend line over here is for me the confirmation we are going to be breaking even lower. And it is showing a lot of weakness also in the chart. So, for me this is a clear breakdown even though it's right on weekend. And uh yeah, I personally do think this is going to be confirming the continuation towards the downside. And like I've mentioned on many videos before here, I am of course in a big short position right now on Bitcoin. And I am personally planning to take profits around that 65 all the way down to about that 60k region. And of course, if Bitcoin were to come down towards that 61 to about 55,000 US dollar region, I were to be going double down on Bitcoin long positions. But yeah, I've been basically saying that Bitcoin was going to be breaking down for this exact period over here. And yeah, it is exactly playing out like we have been predicting. So, yeah, this trade is doing very very nice. Of course, also what I mentioned on previous videos, you could have copy trade me if you were to be of course in the VIP Discord group here. So, you can still do so using that second link below. But I do want to be mentioning guys, if you're looking for a safe and reliable exchange here, we do got WEX, my partner in that first link below here where they're currently offering a 25% free rebate and a $30,000 deposit bonus. So, if you want to be checking it out here, check it out in the first link below. And yeah, like I mentioned on many videos before, this is by far one of the best campaigns that currently is being run here. They're matching your deposits with a free Ethereum trade here. So, make sure to check it out in that first link below in today's video. So, further on, we're still seeing that Bitcoin is creating the breakdown of that bear flag pattern currently on that daily chart here. And of course, if you're looking at the weekly time frame, we're just seeing a major weekly rejection. And this is of course already a thing that I was thinking was going to be most likely happening. A major level support flipped into a support over here as well, now acting as resistance. This is a beautiful rejection which we're currently getting and in my opinion, I said it it many times before here, I don't think that this is currently a Bitcoin bottom structure and I personally think Bitcoin is going to be going down to about 50 to about 60,000 US dollars. So, yeah, that is my personal expectation and then we were to be coming in towards this support zone where I ultimately want to be building up big long positions on Bitcoin again here. Well, currently I'm short but if we're going to be coming coming in this range over here, I would be definitely a buyer and I would definitely open up a massive long position on Bitcoin then. Still, the 200 daily moving average getting exactly rejected by this level.

[00:04:34]Of course, this also happened in the previous bear market.

[00:04:37]We got rejected by the 200 day EMA and actually after that we went into a brutal bear market and yeah, actually if we're looking at this cycle right now, it looks to be exactly repeating and the moment we actually broke below this level was also very significant because the moment we broke below it was straight away a big dump towards the downside as well here. So, yeah, the 200 day EMA is a very important level and we are currently breaking down of this exact zone here. Then, also at the same time, Turkey, the 10-year yield bonds are massively rising currently to 33% here and honestly, you know what this means also for the US.

[00:05:15]Whenever yields are rising so quickly and especially like we're currently seeing which we have actually never seen before, it shows us something very bad is on the horizon and of course, we've seen the same in 2001 here. Before that, we saw a major rally towards the upside and of course, after that, the dot-com bubble came here. Then also in 2002, all the way up to 2008, we saw a major rise in in yields as well and of course, after that, we got a major major financial collapse. So, this is a very important thing to be paying attention towards and that yeah, currently Turkey is seeing such a major surge in yield prices. Yeah, this is of course showing us that something bad is most likely going to be happening next year and of and of course I've discussed it multiple times already before, but currently in this part of the cycle I've not even refreshed this chart. I do think it's more likely that we're going to be moving down here and of course we are technically speaking in of course somewhat of a bottom zone here. But whenever we're going to be entering my bottom zone, which is going to be between 50,000 and 60,000 I will be personally going all in on Bitcoin, but as of right now it is still not the time here and of course we're still seeing that more liquidity is being built up above us. While of course I'm clearly short, I'm very much aware about this. I do want to be paying attention towards this exact liquidity cluster that is being built up here. We grabbed some lower side liquidity and in my opinion if we're looking at the liquidity heat map, there's a lot of liquidity for the Bitcoin short liquidity and long liquidations laying around at 71k here. So, maybe we're still going to be grabbing that here, but anyways guys, this was it for me in today's update video. Bitcoin is breaking down on the daily time frame right now here. I hope I informed you guys well enough here, but anyways, thanks so much for watching and I'll see you guys on the next one. Peace out.

[00:07:04]Goodbye.