BITCOIN TRADERS: PREPARE NOW!

Added: 2026-05-09

[00:00:00]Bitcoin is moving further on up towards the upside and more and more orders of mine are currently getting filled up.

[00:00:06]And on today's update video, I'm going to talk about the most important news that is currently hitting the market.

[00:00:11]I'm going to talk about the targets where Bitcoin could basically go towards in this exact move where we're currently sitting in. I'm going to discuss the most important support and resistance targets for Bitcoin. I am currently paying attention towards the liquidation heat map and so much more important stuff here. So without any further ado, don't forget to once again stumble that like button back above 700 likes. That will be highly appreciated. And let me jump straight away into today's update video. So to kick off the video, I want to talk about of course the surge in the Bitcoin price here. I mean, we have actually seen Bitcoin continuing to go higher and higher and higher and this also with the stock market yesterday having a very great day again and this could very much maybe be a reason because the stock market has also performed very well. Uh also we did have some great news here because once again we got an announcement from the White House that project freedom will be passed for a short period of time and the US Iran negotiations could be getting finalized. So once again quite great news here but but just like the last few weeks here in this conflict it's been yo-yoing. I mean yesterday we saw even that Iran was attacking the region again here. And in my opinion, I really think it's just going to be just more important to look at the technical analysis on Bitcoin and let the conflict just play out in the background because ultimately Bitcoin is in my opinion going to follow the same seasonality that it most likely has done in all the previous bare markets. And if for example look at all the major corrections in Bitcoin bare markets, we have right now seen a 49.6% correction like you can see over here. And actually we're going to compare this to all the previous uh corrections. I mean the second worst one was actually minus 61.9%.

[00:01:50]Then one worse after that was the previous bare market which was 76%. But obviously it does also make a lot of sense that these Bitcoin corrections and these Bitcoin bare markets are progressively over time going to become less and less brutal. I still do want to be pointing out here that indeed if we're looking at the seasonality on Bitcoin, it does still make a lot of sense that we're going to see some more pain. And also what I really think here is that this is not clearly looking like a bottom structure. It is more looking like an upper support line. But what you but just just like you see in multiple bare markets, you create like a falling wedges, you create bullish divergences, you create losing momentum on the lower side. That is not what we're currently seeing here. And this is just a counter rally in the uh trend that we're currently sitting in in my opinion. So, we're still trading in a downtrend. And Bitcoin is just following this trend here. And it's currently just creating a counter rally. And of course, this counter rally could still go on for a little bit longer because if I'm going to be looking at my trades here, I am starting to scale in towards some of my short positions on Bitcoin. I am in a slight loss here since I accumulated these positions around $79,000. And just earlier today and just yesterday actually I got filled up here on my next order sitting on $81,000.

[00:03:05]But basically what I am planning for this trade here is that if I'm looking at Bitcoin where it could maximally move toward if I'm for example going to be looking back at the previous cycles I think the 50weekly moving average is a very great level to be paying attention towards because I mean yes we did saw a slight little fake out last time around here but basically the moment we broke above the 50weekly moving average was the beginning of of course a Bitcoin bull market and basically after that we went much much higher and actually while we were sitting in the bare market while we broke below it this was acting as major resistance. So, this is for sure a level I'm going to be paying attention towards. And it is currently sitting around $85,000.

[00:03:42]So, I would say that Bitcoin still can move up all the way to about $85,000 before really facing a big level of resistance on Bitcoin. I mean, on the 3-day time frame as well, we are indeed breaking above this liquidity zone right here. But ultimately, still, we're sitting in this major zone of resistance for Bitcoin. And I wouldn't approach this that we already have cleared the resistance. I would say that Bitcoin is indeed rallying very strongly towards the upside. And if we if I'm actually also looking at some of my data points, I do see that the funding rates remain to be negative, which is historically quite a great signal where Bitcoin usually just moves higher from because negative funding basically means that the majority market is trading short and if everyone is trading short, usually the market squeezes higher. Of course, if I am currently looking at the liquidity heat map, I can see that we grabbed almost all of the top side liquidity already, which we talked about there. And what I also mentioned on the video that I thought was going to be extremely likely that we were going to grab it. And if you're just looking at the bigger time frame, there is not a lot of liquidity laying off after that 82 maybe $83,000. Well, on the lower side, the long liquidations are still massive all the way down to about $68,000. So yes, this is something I'm definitely very worried about and which I'm definitely paying attention towards.

[00:04:58]But there's not a lot of liquidity laying above us, but a ton laying below us. And that's why we will remain to be more cautious in the future, especially I mean, Bitcoin can still higher indeed.

[00:05:10]Like I said, I think it can go up to $85,000, but ultimately we have to don't but ultimately we have to really pay attention towards the bigger trend where we're sitting in. And and for my trade here, basically what I'm uh planning to do is actually if we go to $85,000, I'm actually going to go double down again on this trade here. And of course, I will share all my orders in my VB Discord group here, which you can find in the second link into this video description. But also, if you are actually interested in trading yourself here, guys, together with WEX, right now, we are running the best campaign that I have actually ever seen before in crypto. And I have been trading crypto for 9 years already. And this campaign guys right now by signing up an account using that first link below you can already get a free 10 towards $100 coupon by uh basically linking your phone number and email. And if you after that also go to the app store and download the app. Then also you get a free $100 coupon and on top of that they're matching your deposits with a free Ethereum trade tier where you can just decide yourself if you want to go long or short. So make sure to check it out in the first link of today's video description. If you go to this link here, uh you will come to that page and you can basically see how you can claim all the bonuses here. So, make sure to check it out in that first link below in today's video. Further on, Bitcoin indeed approaching resistance, big big level. And if we're actually going to compare it also towards the previous cycle, it is obviously not as long in a downtrend like it were over there. But over there as well, we broke basically the weekly downtrend. And what we saw after is just a slightly higher before ultimately a big crash came here. Of course, this was different because we had the FTX collapse and it was like a different reason why Bitcoin dumped here. But also, right now here we are seeing something similar. We broke the weekly trend here. We're pushing towards the upside. And in my opinion, if we come back towards this green box here, it's going to be a great time to be adding on towards very big long positions. And especially where I spoke very highly about the level is that level between $60,000 and $45,000, which is this level over here. Why this level?

[00:07:07]First of all, it aligns a lot like the behavior of previous cycles of Bitcoin.

[00:07:12]But more importantly, it it aligns with the moving averages which I've been talking about many many times before as well on my channel. I think the 7 to 4 year average prices for Bitcoin are historically I say I think but it is literally historically always pointed out Bitcoin bare market bottoms. And I do believe it's going to continue to do so. And now we have not even retested the 4-year average price for Bitcoin, which is sitting currently around $61,000, but back in the big crash, it was sitting on 58K. And we didn't even retest that one, which was quite insane.

[00:07:43]And on top of that, we still have a lot of liquid liquidity laying over here. So yes, Bitcoin has not retested it yet.

[00:07:50]And when we are going to come in this zone here, I think it's going to be a great time to be basically call for a Bitcoin bare market bottom. But for now, at least, I won't say so. And maybe one of the reasons why I'm just a little bit skeptical about Bitcoin right now is to also the stock market because if I'm actually looking at the S&P 500, it is looking so overextended. Especially if I pull up the RSI here, we can see that Bitcoin is so so much creating a bearish divergence on the weekly time frame. And literally every single time historically displayed out, Bitcoin always had a major correction. And we are of course in a period where basically we're having very high oil prices. I mean oil prices are literally going through the roof here. And this is for sure going to cause a lot of inflation. Markets are not going to love this on the long run especially if it's going to be staying higher for a longer period of time. And also in the background this is where I really want to pay attention to in the background. the economy is literally breaking because we are seeing that also in the UK but also in the US and Europe the 30-year yield bonds they are increasing so rapidly and actually they're right now sitting at the highest levels they've ever been at since 1998 here. So this is pointing out that most likely we're going to get a very big economic slowdown. Uh money is becoming more expensive and and this is just something that of course has been unraveling for the last 2 years. But whenever like the pain does come, it hits very hard here. So I do want you to know about this situation and that is why I am also being a little bit more cautious here. And I mean if Bitcoin were to come towards that sweet spot around $60,000 to 45K, that is where I think the Bitcoin bottom is most likely going to occur. This is something I also exactly said on the Bitcoin alltime high. Go back to my videos. uh while Bitcoin was trading above $100,000. I called the Bitcoin bare market and it basically called for these targets over here for the Barecoin bare market bottom. So, I will stick to my same strategy. I'm not going to fall for the FOMO trap because I see a lot of people become very bullish, very excited again here and I will remain to hedge my positions with this Bitcoin short position I'm currently building up here.

[00:10:00]So, this is it for me in today's update video. If you did enjoy it, learn something from this video, subscribe to the channel, stab that like button, and see you guys on the next one. Peace out.