If Bitcoin Is Going Lower, It Starts in the Next 10 Days

On Bitcoin

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• Next days (next 1–7 days): Leans down: I would be looking for a dump to occur this next week between now, basically, and the end of next uh in the end of next week, I should say. ▶ 00:18 Said again while their call of 10 Aug 2026 was open, so it counts once; that call was a draw: 64.3k when said, 64.2k on 17 Aug 2026 (−0.2%), under the 1% it takes to count.

If this, then that

• If Bitcoin reclaims 64,600 (today's and yesterday's high), then 67k (next weeks): Bitcoin can even just trade back above that again, that would be a damn good signal Bitcoin's ready to try and assault towards 67,000 and at that point very likely to pull in through the real reversal. ▶ 03:00
• If Bitcoin breaks the August 1st low at 62,200, then 60k (next days): that low from from early August at 62,200. If Bitcoin breaks that, I do expect to move down to almost $60,000 even. ▶ 04:49

Levels named

• 67k: Target (upside target if 64,600 is reclaimed): Bitcoin can even just trade back above that again, that would be a damn good signal Bitcoin's ready to try and assault towards 67,000 and at that point very likely to pull in through the real reversal. ▶ 03:00
• 64.6k: Resistance (line in the sand, equal to today's and yesterday's high): 64,600 is that line in the sand. If Bitcoin can reclaim that, which is effectively today's high and yesterday's high as well. ▶ 02:54
• 62.2k: Support (August 1st low; a daily close below it damages short and medium term): those lows that we saw from the 1st of August at 62,200. If you see a daily closure below there, that really does start to destroy a lot of things ▶ 03:34
• 60k: Target (downside objective if the August 1st low breaks): that low from from early August at 62,200. If Bitcoin breaks that, I do expect to move down to almost $60,000 even. ▶ 04:49
• 59.5–60k: Support (area that arrested the last downside move on a closing basis): Still, if Bitcoin were to come back down like 60,000 bucks or even 59,500, I think you're probably going to get a bounce attempt right there. ▶ 06:43

Their own position: Short. I'm short big time. I'm short 30 30 30 contracts there for an average price of 475.

Dates named

• CPI on 12 Aug 2026: CPI landed dead in line with expectations at 3.4 uh percent headline, core's 2.5% and shelter doing 2/3 of the work.
• PPI on 13 Aug 2026: we do have PPI tomorrow, which could move uh could move markets as well, but I think the same thing's going to happen there