Bitcoin Loses $70K — My Next Options Trade — SPX Downtrend Continues — Gold's Next Trap

On Bitcoin

Changed since their last video: days flipped up to down; months went from expecting sideways to leaning sideways; cycle went from expecting up to leaning up.

Views

• Next days (next 1–7 days): Leans down (timeframe is our reading): Um if anything, the short-term direction is downside. ▶ 04:18 Said again while their call of 24 Mar 2026 was open, so it counts once; that call was right: 69.9k when said, 66.7k on 31 Mar 2026 (−4.5%).
• Next months (next 2–6 months): Sideways: which is still possible, but you know, it's got a lot of work to do. You know, perhaps another 2 months in this range. ▶ 04:32 Said again while their call of 11 Feb 2026 was open, so it counts once; that call was right: 66.5k when said, 62.7k on 11 Jun 2026 (−5.7%).
• This cycle (next 6–18 months): Leans up (timeframe is our reading): Um it's just long-term, I'm not so I'm not so confident that Bitcoin makes significantly new lows here, at least on a closing basis for a higher term time frame. ▶ 04:22 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 Wick down somewhere in the 50s, then close back above 60,000 before the end of the week, which would make him very optimistic that this is the next macro low, then no target given (this cycle, by before the end of the week): But I really want to see a wick down somewhere in the 50s. Maybe it's like 55, maybe it's higher, maybe it's lower, whatever. And then before the end of the week, close back up above 60,000. ▶ 04:37

Levels named

• 74–75k: Resistance (A wick up here would be a spot to sell a short call spread): If Bitcoin does get another wick up, let's say to like 74 75,000 bucks, I'd be very, very happy to take another short call spread. ▶ 01:49
• 70k: Resistance (Bitcoin has failed to hold above this level again): Bitcoin has failed 70,000 bucks yet again, and I will be taking my next ▶ 00:00
• 60k: Support (Bottom of the range Bitcoin has been trading in): Bitcoin range bound basically between uh what was it? Last week's highs or just the March highs and the about $60,000 low. ▶ 07:17
• 59k: Support (Possible test of the weekly 200 simple moving average): Yeah, maybe we get another test of the 200 simple on the weekly. That's at 50 or to 59,000 bucks, ▶ 07:52
• 40–45k: Support (Next area of interest if Bitcoin fails here): Yeah, you might go underwater, it's very possible, you know, maybe you got to move down to 40 or 45, very possible, of course, ▶ 05:32

Their own position: Holding, no leverage. Cuz I have bought a lot of Bitcoins in the low $60,000 territory based off of the LTI over here.