Bitcoin Breaking Down? Here's What the Data Says

On Bitcoin

Changed since their last video: weeks went from leaning down to expecting down.

Views

• Next days (next 1–7 days): Leans up: Bitcoin short term, rally continues a little bit more. ▶ 10:28 Said again while their call of 19 May 2026 was open, so it counts once; that call was a draw: 76.5k when said, 76.5k on 26 May 2026 (−0.0%), under the 1% it takes to count.
• Next weeks (next 2–6 weeks): Expects down (timeframe is our reading): I remain with my medium-term bearish bias looking for price action to come down low. ▶ 01:37 Said again while their call of 28 Apr 2026 was open, so it counts once; that call was right: 76.1k when said, 72.9k on 28 May 2026 (−4.1%).
• This cycle (next 6–18 months): Leans up: I am not that bearish on Bitcoin. I I I don't think Bitcoin is going to be going much lower than the February lows. ▶ 05:57 Said again while their call of 8 Oct 2025 was open, so it counts once; that call was wrong: 122.9k when said, 82.5k on 8 Oct 2026 (−32.9%).

If this, then that

• If Bitcoin trades back above 79,300 (daily close) and he flips bullish, then no target given (next weeks): again, for me to really flip around my opinions, need to see Bitcoin above 79, uh 300. ▶ 08:23
• If Bitcoin trades above the 83,000 strike, where he would call it bullish again, then no target given (this cycle): the reason why I like this setup particularly is because that 83,000 call strike is effectively where I'd call Bitcoin bullish once again anyways. ▶ 07:11

Levels named

• 79.3k: Their view is wrong past this (ribbon mid band; below it the bounce is likely to fail): as long as it is below 79,300, I remain with my medium-term bearish bias looking for price action to come down low. ▶ 01:36
• 76k: Support (382 Fibonacci retracement, pretty much the exact low): hitting the 382 Fibonacci retracement at 75,950 which is pretty much the exact low. ▶ 00:39
• 74.5k: Target (next area of interest to the downside): the next sort of areas of interest I'm looking for to the downside would be 74,500 and also about 69 to 70,000 bucks. ▶ 11:03
• 69–70k: Target (area where he thinks a low might form, probably closer to 70,000): the next sort of areas of interest I'm looking for to the downside would be 74,500 and also about 69 to 70,000 bucks. ▶ 11:03
• 62–63k: Target (full retrace if the 70,000 area fails): All the way down to you know, 62, 63,000 bucks. ▶ 11:20

Their own position: Short. I go out to June 26th right here, and I shorted the 83,000 call strike 30 times for a price of 1,300.

Dates named

• June 26 BTC options expiry (83,000 call strike) on 26 Jun 2026: I go out to June 26th right here, and I shorted the 83,000 call strike 30 times for a price of 1,300.