Bitcoin is heading into the weekend consolidating at an important level Let's talk about the key resistance and support levels to watch
talking about a Bitcoin dump this weekend we're gonna take a look at some very key important levels to watch with Bitcoin as its forming inside of this ascending channel you can see we're currently above this resistance level and that's a good short-term sign of course the bullish trend is still here we are above all three daily moving averages if we look at the daily chart but we've got a lot to look at today because I think next week the markets are really going to show us what they have in store if we look at a more micro perspective of what's happening with the Bitcoin you can see inside of this ascending channel we're currently in this lower area and we've got this support level that's held us since the start of this rally and of course we're kind of flirting with that support level right now we're just above this major resistance level and that in the short term does look bullish however there are a lot of dynamics playing in part here as we all know gold and the major indices have a big influence with Bitcoin and so when we look at what's happening in the more macro time scale for Bitcoin you can see this resistance area is something that we've watched here for quite some time it's a resistance area that's played its part ever since the rally up to 13,000 and we can even take this chart all the way back to when Bitcoin was at that twenty thousand dollar level as you can see with this resistance and so these very bold dark lines to me are extremely important levels and you can see this is exactly where Bitcoin stopped its uptrend we saw this miner dump and we're continuing to consolidate in this area and that's why I talked about this all the time if you guys have been watching us over the last few weeks there's a high risk of a top at this area for not able to break towards that $10,500 level and so for us to be patient here and realize that we've only got about a 9% area between that $10,500 level and where we're currently at we have to realize that that in itself is a short downside arms I'm sorry it's a small upside potential in comparison to the downside potential that we have here which is over 40 50 percent so realize that of course the trend is our friend were currently bullish and when we look at the daily chart we're above all three of these moving averages but what happens in the major markets over the next week is going to highly influence what happens to Bitcoin and of course knowing that we're at this resistance level what I can assume here as we talked about on Wednesday all coins have been seeing some sort of a breathing area where some altcoins like link for example have seemed major upside in comparison to Bitcoin over the last few days and I think that the main reason for this is if we look at Bitcoin dominance you can see we're in this bullish symmetrical triangle which means that if this does breakout Bitcoin will continue its dominance up but we got rejected here at this resistance level and of course now we're below the moving averages you can see if we look at that 200-day moving average here you can see we're just below that right now and so Bitcoin obviously got rejected here we saw altcoins get some breathing room and of course a lot of this is happening while Bitcoin is consolidating at this resistance level so realize this at the end of the day a lot of the dynamics here have to do with what's gonna happen here with gold in the traditional markets so when we look at gold interestingly enough what I found is when you look at the weekly chart you can see how we're so far away from that 50 week moving average and gold loves to come back and test that 50 week moving average and so if we were to see an overall bloodbath throughout all of the markets next week then there's a high chance that gold could come down and it could potentially come down to that 50 week moving average which is right around that 15 30 area from 1730 and that could also bring Bitcoin down bring some of the major indices down and interestingly enough when you look at some of the international indices we look at the Shanghai Composite here interestingly enough you can see we've already came down to that 50-day moving average and you can see that we kind of have this pattern here that a lot of these markets are following where we're just kind of trending up forming new higher highs and higher lows but we've finally seen a push down with this international market and of course this could be a leading indicator for what's to come in our major indices and it's not just the Shanghai Composite you can see if we look at the CSI 300 this is in Hong Kong the major indices also came down to that 50-day moving average and so when we look at the spy for example the sp500 the leading indicated for the major indices you can see we're also at this level of resistance that is of course acting as a resistance and that's going to be that 100 and 200 day moving average and that's the exact resistance that these two other major indices as you can see couldn't hold and eventually came down to that 50-day moving average you can see even with the Shanghai it's a little bit more of a clearer view of that rejection here and so for that to happen here with the spy and for us to come down to the 50-day moving average around 27 24 would most likely bring other assets commodities and precious metals down with it and that does include Bitcoin that does include goal however realize at the end of the day we're still in a bullish trend we cannot take that off the table and a lot of people are asking me will name what's the downside targets for Bitcoin realize this at the end of the day if we do end up topping out here and there's a high chance that a top can come at any point knowing that we're not above 10,500 then at that point we want to look at some of these moving averages for potential support you can see we've got a lot of these converging moving averages around 8,000 however if we start to come down at 8,000 there's a high chance we could see lower price levels and we know that 200 week moving average has always been a prime entry for Bitcoin you can see here in January of 2019 that bottom was at that 200 week moving average and you can see here that bottom here was also at that 200 week moving average so if Bitcoin were to come down that 200 moving average has always acted as a good entry for Bitcoin in the long term a lot of the rally that we see right now happened so fast that it could be a potential breather for investors that had yet to insert into Bitcoin to have an opportunity to get a good entry if we come down to that too and Rodrigue moving average so understand that we're not going to look at the downside targets yet until we can confirm a breakdown of this trend and really what that's going to be is right around that 88 to 89 hundred dollar level as we talked about on Wednesday and if we do break below that and close a daily candle below then we can assume the uptrend is temporarily over and that we could start to see lower price levels for Bitcoin when we look at the fundamentals interestingly enough we look at this chart here for example here or this fundamental aspect of an on chain metric you can see here it says that the Bitcoin mean fees paid here just recent one year high and that last time that happened was on the 27th of June and if we look at a chart at the 27th of June you can see it was pretty much the top of this rally I'm sorry this is the 24th let's move that to the 27th it's actually because we're not on a daily chart that's showing the 24th you can see that 27th of June acted as the top of this rally and then we continue to see downside price action now I just want this puzzle piece on the table I don't want to say that this is completely bearish because at the end of the day if we look at a more detailed chart of the total transaction fees which is pretty much what we're talking about here you can see here the total transaction fees typically like to go up when we're in a bullish trend now of course if we look at this one-year chart it does look scary because you can see we kind of came up here to 200 and that's exactly where we topped out here on June 27th before we saw a lower price action of course this could just be a continuation up we don't know that yet until we break one of these previous resistance levels that are currently acting as support you can see we come up we see a new high and then we come back down and then the previous resistance acts as support that's exactly what's happening right now but if we were to come down even more then I'd be worried of a top especially because we know that this has correlated with the top in the past but understand that it's not completely bearish just because of the fact that overall transaction fees like to go up and they'd like to see higher levels during an uptrend and so realize that there are some on chain metrics here on the table now the one thing that does worry me the most right now is the hash rate you can see with the hash rate we don't typically see hash rate come down not just during a bull trend but even during bearish trends any time it comes down it shows a weakness in the network and you can see here we're back down to the levels of hash rate that we were at when we saw the price dropped to fourth thousand dollars here on March 24th and so until this hash rate can start going up things can be very fragile as we saw with US oil yesterday it dropped seven percent out of nowhere so the market environment overall is extremely fragile right now and knowing that I think that it's important to have that bearish bias that bearish point of view just to realize that we're at this resistance level we've been rejected from this resistance level many times before and then of course that $10,500 level in the past has acted as a very strong resistance for Bitcoin as a matter of fact if we look at the recent times 10500 as you can see once here twice here and potentially a third time can act as a resistance for Bitcoin but until we can see price action move up towards that $10,000 level it's currently off the table and at this point we have to realize that there's a high chance we see a consolidation right now and of course this could be a long week and as you can see Bitcoin loves to stay at these resistance levels in these support levels before making a major move and so for us to kind of stay around this level and bounce back a couple hundred dollars over the next few days is highly probable in one area that I want you to realize is important here is if you look at this area specifically you can see there's a lot of confluence here when it comes to major support and resistance levels and that's gonna be right around that $8,700 level so 8,700 is really the level to watch for a reversal and a top but of course if we're able to stay above and flirt with these levels but not see a closing candle at least in the higher time frames below these levels then we can assume the bearish trend is off the table as well and that we're just in a consolidation to continue higher of course a lot of the fundamentals after the bitcoin happening have become a lot more bullish but then in the day when we look at hashed rate for example we're seeing that drop and so there are a lot of bullish and bearish puzzle pieces on the table so the biggest thing to wait for right now is confirmation right it's a confirmation of either a top or a confirmation of a reversal of trend so I'd love to hear you guys's comments and I'll actually take some requests if you guys want to look at some altcoins here I see we've got Edward I'm sorry Edward bill rumber and sunny on our live stream good to have you guys on our live stream Fu says Bitcoin will go up to 9800 and dump again Edward says realistically everything should be bearish given the current global situation absolutely we look at 40 million people unemployed over the last two months that is a number we've never seen before of course that's gonna have a lot of economic ramifications as things start to open up if you look at what dr Fauci is saying about the lockdowns he's saying that at this point it's probably more healthy for us to start opening things up than it is to continue to lock things down of course I'm sure a lot of us can agree with that so as we start to see things open up I think we'll start to realize the ramifications and a lot of you have heard this before right by the hype and Seldon use so a lot of the investors potentially have already bought the hype of the things like the economy's reopening and they may come in and sell the news of course the one thing here that worries me the most about the major indices is what's happening right now in these international markets the fact that the Shanghai Composite here came down to that 50-day moving average and it was pretty much following the trend that our major indices were following when we look at the SPN 500 the Dow is a little bit worrisome to me knowing the fact that it got rejected at that 100 and 200 a moving average and that that's now on the table as a potential leading indicator of course there's still a lot of strength in the major indices when we look at the price action that we've seen as of recent we just formed a new higher high here on the spy but understand you can see that 108 moving average is acting as a clear area of struggle for the Bulls to get over and of course when we look at the other major indices we've already came down to that 50-day moving average so I'd be interesting interested to see what happens there Travis Lamar says take a look at link and T's O's let's go ahead and take a look at a link chart because I do want to pull up some altcoins knowing that bitcoin dominance is starting to come down we may see some altcoins come up so we'll do some technical analysis here of course we always like to look at the higher time frames what I love about link is of course we've got this major uptrend here and it's been staying above this ascending support level and it's still looking extremely bullish we have potential double top here as you can see where we weren't able to cross above this area here of right around fifty thousand five hundred satoshis of course that as we know is now going to be a major resistance level realize that when it comes to the USD T value of all coins and the Bitcoin value of all coins there are two very different things we could see the USD T value for a lot of these coins come down especially a Bitcoin comes down while the Bitcoin value comes up like we saw recently if you guys remember that dump on Thursday where we saw a lot of these alt coins come down in USD T value but they actually went up in Satoshi value you always want to look at the alt coins in comparison of their Satoshi value knowing that what's the point of having an altcoin if Bitcoin is going to outperform it and so when we look at linked BTC you can see here of course we're still in this bullish trend when we look at the daily you can see here we're kind of seeing some resistance here at that 15 100 a moving average I think at the end of the day even though alt coins can be quite risky right now knowing that there's a potential top here coming for a Bitcoin we don't want to assume that that's not on the table because we know that we've seen major resistance here I'm not just trying to be bearish right now I'm always gonna take a look at the bullish and bearish side I just want to be an umpire but realize that there are a lot of bearish things on the table and that's not a surprise knowing that over the last two months we've seen such strong gains across the board during economic lock downs which is quite irrational in my opinion in certain aspects so realize that right now you can see we're kind of in this fractal where we came up we formed this cup we came back down we didn't come down to this ascending support level that could be quite bullish so at this point I'd be very careful here unless we can cross above this 50-day moving average with link then I think that it would be fair to say that we should be a little bit more cautious here we want to see a close above you can see here we tested that and flirted that but then we saw our rejection so if we see a close above that I think that that could be very positive that's gonna be right around that 45,000 Satoshi area for link we'll take a look at a couple other altcoins Rob says 50 likes for a clean shave smash the like button I actually grew this because I got into a car accident and so I had a scar here so I was like why not grow the goatee out but I still have a clean shave Nicholas says 6,500 BTC interestingly let's look at the chart here that I've got just to talk about 6,500 because that is actually a level that I was watching recently if we look at the weekly chart here you can see here that 200 moving averages right around 6000 by the time that we do see this come down it could potentially be between that six to seven thousand dollar level and so realize that six to seven thousand dollar level could be a prime area for a entry when it comes to Bitcoin because the real thing about Bitcoin is it does love to come and test that 200 Eve moving averages the question is does this bullish trend continue up and we don't see an entry at that 200 moving average until later down the road or are we going to see that entry comes soon I think there's a high chance we do come down the reason I say that is because of the fundamentals which have really graphed this market a lot more than the technicals as of recently and so knowing that the fundamentals are on the table and they're extremely bullish with unemployment rates we look at manufacturing we look at a lot of the different industries that are taking a hit from this global pandemic then we can assume that we're gonna see a corrective wave here soon and like I've mentioned before during any bear market there are relief rallies and this could just be a relief rally because as we can see here with the CSI 300 of course we already saw that big push down and we couldn't maintain above these daily moving averages and so if we continue to see downside for these international markets that could even potentially put a second bottom in on the table when it comes to our major indices and that could even be for Bitcoin as well of course and the reason I say that is when we look at what's happening here it's not just the CSI 300 you can see here even with the Shanghai Composite we're also below that 50-day moving average so there's a lot of bears things on the table but we have to be cautious of where things are gonna go over the next week or so because I think this week or next week things will really start to come to fruition things will really start to come to realizations of what happened in our economy as we open things up so Abe says just bought a crapload of silver it's ready to break out yeah we called a silver call right under 15 it was like 14 85 and I'm glad we got a great entry if you guys are a part of our discord group Fu says ETH will pump around June and July when ETH 20 was released well maybe you'll pump before right you want to buy the hype and then to sell the news typically right let's see here Maj Ron says what is your opinion about XRP fundamentally I just don't like XRP as a coin just because of the fact that it's more of an intermediary between transactions typically when all of these banks use XRP to make international transfers they're in x RP for it less than a millisecond before they're liquidated into the other asset that their or other currency that they're trying to transfer and so with x RP it's more of a utility I think then something to hold as an investment of course it has such a large supply and with that comes less value because everything is about supply and demand and of course we know Brad Garlin house in the past has talked about selling off x RP to fund the operations of the company just a lot of those things don't fit well with my opinion on a strong and solid investment for the long term Travis says discord group please discord dot GG / profits is the link test seen 20/20 says X our piece should be a stable coin I kind of agree with that actually I think that that makes a lot of sense and it's kind of what it's used for right number says how come no one is really talking about us anymore any thought on that project I think that overall a lot of these infrastructure projects when it comes to the altcoins have really taken a hit over the last few months as we've seen Bitcoin dominance come to increase over the last few years right so it's really been two years that bitcoins dominance has come up ever since the big bubble rally that we can all remember and so I think at the end of the day until we start to see the legitimate use cases for these infrastructure projects and that's jut not just yo so but also aetherium for example then I think that they have a little bit more of a longer road to go just because of the uncertainty there and of course a lot of people are being more cautious with what they put their money in as we have all of these economic fluctuations happening as of recently and with that being said a lot of these higher risk investments kind of come off the table and then you start to look at the things that have proven themselves over time such as gold silver Bitcoin and when we look at the major indices of course that being a very strong market here Sebastien says name what's your channel called back in the day like 27 20 18 it was actually called snipers tube and if you go to youtubecom slash snipers it comes straight to our channel and so I used to be called a sniper because of our trades Maj Ron says BTC transactions are high would be seek cash takeover I'm not a big fan of Bitcoin cash it was a fork of Bitcoin it was almost like a dividend being paid out to those that were holding holding Bitcoin at the time at least the private keys and at this point it's just one of Roger verse project and I wouldn't say that it's as secure as Bitcoin if you look at a 51% attack potential when it comes to Bitcoin cash versus Bitcoin there's a higher potential for a 51% attack with Bitcoin cash and we're these all other alt coins in comparison to Bitcoin just because of how massive bitcoins network is in comparison to these other coins and so David Galindo says snipers to hit somebody said I remember that Rob says what percentage of your portfolio is in crypto and stocks well I have different portfolios or I have a long-term portfolio and a long-term portfolio is where I dollar-cost average into assets that I believe will be worth more over time and so I think the majority of the people should always have a long-term portfolio of course that's not going to see the type of gains that you'll see if you're trading when you're trading the fluctuations the ups and downs there's a lot more gains to be made there's also a lot more risk and so what I like to do is I like to have a separate portfolio for my long term hold of course that includes gold that includes Bitcoin that includes silver that even includes a total stock market ETF an index fund right and then I'd like to have a little bit of a random one every single month and that could just be any sort of company that I think will be bigger over time or it could be a commodity it could even be oil right I like to always add that extra one there because you know it could even be uranium for example right so that as a long-term portfolio dollar-cost averaging I don't touch that portfolio and that portfolio stays where it's at and from time to time and occasionally I may or may not rebound some of the assets in that portfolio if some of the assets do increase like for example if gold goes up but major indices are down I might take some of the assets and capital – you know reorganize them for example taking a bit of the gold off the table putting it into a major indices we see those fluctuations and those up and downs but that's the long-term side of things when it comes to swing trading and day trading I have separate portfolios for that I really only like to swing trade when it comes to altcoins than Bitcoin and stocks and Forex but then I love to day trade Bitcoin just because of the volatility when it comes to Forex of course you're talking about pips you're talking about a lot less volatility you really have to utilize leverage when it comes to trading Bitcoin on margin of course there's a lot more volatility and a lot more potential for a gains of course the majority of Bitcoin volume is derivative trading and that's unlike many other assets like gold for example where the majority of spot trading and that's sometimes an issue for a Bitcoin you know we talked about what happened with bit mix and the liquidations that actually brought Bitcoin solo here and that is an issue for now just because Bitcoin is such a small market when you look at the overall perspective Bitcoin is that 100 billion dollar market gold is 11 trillion dollar market you look at the major indices over 50 trillion dollars if you think 10 20 30 years down the road and you realize what's gonna see them in the what has the best potential for major upside then in my opinion that's Bitcoin because it's only 100 billion dollars in comparison to several trillion dollars and so just a couple hedge funds and institutions putting a percentage of their capital into Bitcoin will really increase its price of course there's a lot of other factors involved there's a lot of people that have had Bitcoin in the past that have yet to sell there's a lot of whales that are holding Bitcoin that could sell but at the end of the day it's a limited supply and it has deflationary properties to it and at the end of the day it's a digital version of gold in all reality you know you look at what's happening with Venezuela Venezuela going to the Bank of England and saying hey where's our gold reserves needed during this crisis we need money and the Bank of England saying no we're not going to give you guys access to your own gold that becomes an issue if it was Bitcoin they wouldn't have to store it in the Bank of England with fears that the people in their country are going to come and steal the gold but at the end of the day that's an issue with a physical commodity of physical precious metal that Bitcoin doesn't have right so there's a lot of things that Bitcoin has that makes it such a valuable asset over the long term potential preservation of wealth but like all markets you realize that when we see a bloodbath all markets are affected and so that's why I'm a little bit worried about what's happening here with the major indices in the international markets because you can see this is quite the red candle here this could potentially be a top here for the Shanghai Composite you look at what's happening here with the Hong Kong major in to see we also came down and so really it's just the question of are we next David says do you use any maps to AP's to manage your portfolio um there are several apps that I'd like to use a lot of them are under the resources in our discord but for the most part you know I just utilize trading view a lot for alerts and price alerts you know one thing that I saw recently in our chat was people talking about stop losses and how to utilize them properly and one thing that I want to mention is for me personally when it comes to stops I like to set a stop not at the exact level that I want myself to exit a trade but a little bit beyond that level because I want to wait for a 15 minute or an hourly close at that stop above or below that stop before I determine that okay that's it I'm out of this trade and so a lot of people to get wycked out because they've got their stops in the order books whereas you could just set a price alert you can understand that your risk is still being managed because you still have a stop set it might be a little bit beyond the stop but it's just in case an anomaly comes into the equation especially a Bitcoin where you could just dump out and know it you want to have a stop but at the end of the day when it comes to normal market behavior and things are fluctuating up and down you start to see these wicks that come in to take people stops and so taking it off the order book and just setting up an alert and being more proactive about your trade sometimes is a better way to manage risk and preserve capital and so I wanted to just kind of put that out there because I saw some people talking about stops on our discord chat Almar says do you trade between ETFs on Finance no I don't personally use buy Nance all too much today trade Bitcoin I like to use some of the other platforms you know buy bits actually a platform that I'm starting to experiment with but of course with mt4 I'd like to utilize that because of the mobile app but I saw that by '''but has a lot of great mobile capabilities which is is what's leading me towards it right now but I've used Jem and I have used Kraken I've used finance and you know I kind of like to switch things through deed el8 George says those days where you used to drink Lacroix I'm a little bit healthier now I've got tea instead david says tracking margin trading portfolio separately than long-term portfolios along with other stocks and commodities gets a bit overwhelming but remember you said trading is like having a business yeah absolutely and you have to realize that markets fluctuate right sometimes the stock market's hot and then sometimes the crypto markets hot and then sometimes the forex markets hot right and so you have to just kind of a feel of things like right now and I mentioned this in our chat I feel like there's a potential the top and therefore I'm lowering my capital when it comes to trading and I'm being a lot more precautious I'm being more active and proactive with my stops moving them to break-even just because of the fact that there's a potential of a top and we're just not in this middle area where there's a potential for a continuation versus more of a consolidation and then once we confirm the next level of the trend whether it's above 10,500 or below 8700 at that point is which where we can start increasing capital if we know okay we're seeing a reversal we're seeing a bloodbath let's hop on to the short boat right or okay things are continuing up we're starting to see more bullish momentum let's hop on to the bullish boat right so Roy says what's your opinion on didja by d g/b BTC so remember Bitcoin dominance if we look at this chart here we're starting to see altcoins gain some strength when it comes to Bitcoin dominance versus altcoins and that to me is a positive sign for altcoin growth of course over the long term I don't like to hold alt coins but at the end of the day you have to realize that when it comes to training doesn't matter what asset it is just about the opportunity cost the risk to reward when you look at something like digit byte for example I'll tell you this right now we're a bit overextended from this 50-day moving average and you can see we kind of saw this huge rally up where we topped out and now we've come down so we can still assume that we're in this bearish trend you can also see we've kind of got this resistance level here as well that's forming here and it's kind of maintaining itself as a resistance so I would say until we can see a break of this resistance then we can't assume any higher level so we really need to get over 210 satoshis before we can assume any continuation now I like the fact that we've got a lot of this by volume but remember if we look at the majority of volume you can see cell volume here so good chart here any other requests before I wrap this livestream up I think we went through a lot I do want to mention this one more time though remember what we're looking at here on June 27th we saw total transactions fees see a one-year high and then that was the top of that rally and you can see if we look at what happened on May 21st we also saw total transaction fees hit a new one-year high and that was right on May 20th and so you can see that this could potentially bring us down and here's the actual chart for you to look at you can see when we look at the one-year chart we've come so high up and so one thing I'm going to be watching over this weekend is are we going to come and break this new support level of around a hundred and sixty-one when it comes to total transaction fees and then come down because that could confirm that we've topped out with total transaction fees like we did here in June and of course that was the top of the market or are we gonna continue to see another higher high which could potentially lead us to higher price levels for Bitcoin as well so I think that that's another important factor to watch here and I will be keeping track of the total transaction fees over the next few days as we head into the weekend but realize that next week is in be very enter when it comes to all markets especially because you can see we closed out here with this huge red candle when it comes to this major industry in Hong Kong and that of course when we look at what's happening here in in China you can see as well we've also closed the week with this big major bearish candlestick actually breaking that 50-day moving average and closing below it and so we've yet to see that with the traditional markets in the us
of course the spy seeing resistance currently at that 100 and 200 a moving average it could potentially follow these markets and come down to that 50-day it could be a big bearish candle just like we saw with the other major in the season if that does happen it will bleed into Bitcoin and gold and mark my words when I say that because we saw what happened earlier this year when we saw the bloodbath across all markets no one can stay away from the repercussions of a major market reversal right and so all assets will suffer and so be very careful as we head into this weekend and realize that we really want to watch his Bitcoin going to find a top at this level or not and of course we have that high potential for not above that level of 10500 and with gold interestingly enough as I talked about before we're so far away from this 50 week moving average that you can see here that we're all the way up here right now and when you look at gold in any sort of bullish trend in the past you can see it doesn't like to stay too far away from that 50 week moving average you can even see here doing the big gold rush here it kind of kept right near that 200 or that 50 week moving average as it's starting to go up but you can see here when it saw an exuberance too far above that 50 moving average it eventually came down and corrected itself and so you can kind of see what's happening here where we're very overextended with gold and of course if gold is going down if major indices are going down Bitcoin will most likely follow we've never seen Bitcoin just do the complete opposite in an irrational way right it's always followed the other markets and so if we come down here for gold the first support level is going to be 1675 if we break that then we come down six and then from there we potentially come to retest that level or we can even come down a little bit more I don't think we'll come all the way down because I think gold Bitcoin and silver really gonna be the big performers over the next few years I would say the next one to two maybe even three years with all the quantitative easing and money printing going on dela says what do you say it's a good idea by BDC and taking profits for a short time before price goes into our low entry for long position I would say that you just have to be very careful at these levels right now until we have a confirmation I don't see a reason to just fly into Bitcoin right now so Fu says bitcoins at ninety three hundred now I think it will go up higher during the Memorial Day weekend yeah we're gonna be consolidating between that ninety six hundred and that nine thousand dollar level for some time I think I don't think we'll see anything beyond that who knows though the weekend typically tends to have a lot more manipulation than other days especially because the CME markets are closed and so a lot can happen and anything can happen during the weekend so it'd be interesting to see what happens so I'm gonna wrap up this live stream it's already been over thirty minutes thank you guys for tuning in if you guys appreciate this content make sure to like this video and I will see you guys on Monday as we start to see how these markets unfold so thank you guys so much for tuning in snipers at content make sure to LIKE
