Here's My Next Trade For Bitcoin in August

On Bitcoin

Changed since their last video: days moved waiting to up.

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• Next days (next 1–7 days): Leans up: assuming Bitcoin remains above there today, yeah, I'm looking for Bitcoin to have, you know, a nice move up to about 66,000 bucks relatively soon, you know, between now and maybe next Tuesday. ▶ 04:02 The call was wrong: 64.6k when said, 63.4k on 13 Aug 2026 (−1.9%).
• Next weeks (next 2–6 weeks): Leans up: I'm biased towards the upside in August, which I know is sacrilege because August is one of the worst months for Bitcoin, but hey, ▶ 00:00 Said again while their call of 16 Jul 2026 was open, so it counts once; that call was wrong: 64.8k when said, 63k on 15 Aug 2026 (−2.6%).

If this, then that

• If Bitcoin keeps closing above 64,502 on the CME daily close today (48-hour rule), then 67k (next weeks): if Bitcoin continues to close above 64,502 end of today on CME, that invokes a very high probability move for Bitcoin to re-challenge those July highs around $67,000 with potential for more as well, in fact. ▶ 00:25
• If Bitcoin fails to hold the CME daily close above the 64,502 level today, then no target given (next days): If Bitcoin does fail that today, it doesn't necessarily imply a move all the way back down to the range floor around 62,200 or so, but it does effectively imply that we are going to see another retest somewhere around this early week's lows. ▶ 02:09
• If Bitcoin breaks the Revenue Ribbons mid band to the downside, then 63k (next days): if Bitcoin does break the revenue ribbons mid band to the downside, I'd just be looking first for another move back down towards like I said, the weekly lows at around 63,000 bucks. ▶ 07:53
• If Bitcoin completes the short-term reversal, moves up to the July high area and breaks it, then 70.5k (next weeks): then there's a real opportunity for this thing to actually break and invoke a move at least up to the daily 200 simple moving average which is here at about 70,500 or so. ▶ 04:36

Levels named

• 70.5k: Target (daily 200 simple moving average): then there's a real opportunity for this thing to actually break and invoke a move at least up to the daily 200 simple moving average which is here at about 70,500 or so. ▶ 04:36
• 67k: Target (July high, the same rejection area as the June high): yes, I am looking for Bitcoin to trade up towards 67,000 bucks. ▶ 02:04
• 64.5k: Support (CME daily close above it would signal a major shift and start the 48-hour rule): we looked for Bitcoin to close above the 64,502 number on the CME daily closure to be indicative of a major shift going on in this market. ▶ 00:14
• 63k: Target (weekly lows, first target if the ribbon mid band breaks): I'd just be looking first for another move back down towards like I said, the weekly lows at around 63,000 bucks. ▶ 07:54
• 62.2k: Support (range floor): it doesn't necessarily imply a move all the way back down to the range floor around 62,200 or so ▶ 02:11
• 61.8k: Support, expected to hold (5/21 EMA cross sets up a correction to the 55 EMA that is unlikely to break the last higher low): Bitcoin is unlikely to violate the last previous higher low which would have been over here at 61,800 ▶ 05:38

Their own position: Short. I shorted the $66,000 call strike and also the $62,000 put strike. So, I have a strangle on.

Dates named

• Friday jobs report on 7 Aug 2026: And then Friday, the big one, the jobs report. That's what's likely going to move this market.