Bitcoin Rejected at $98K - Here's My Next Trade

On Bitcoin

Changed since their last video: weeks flipped up to down.

Views

• Next weeks (next 2–6 weeks): Expects down: At least for the next couple weeks, I do expect things to kind of come back down to the middle and then lower end of the range ▶ 03:40 Said again while their call of 2 Jan 2026 was open, so it counts once; that call was right: 89.4k when said, 77.6k on 1 Feb 2026 (−13.2%).

If this, then that

• If Bitcoin trades back above the early January high of 98,000, especially on a daily close, then the host longs the underlying, then no target given (next weeks): I'm actually just going to long the underlying if Bitcoin trades back above the early January high of 98,000 bucks. If we see that, especially on a, you know, daily closing basis ▶ 02:18

Levels named

• 98k: Resistance (Bitcoin rejected the 0.382 retracement level at 98,000, the early January high): Bitcoin did more or less reject the 382 level right here. That was 98,000 bucks. ▶ 05:26
• 96.2k: Resistance (daily stochastic momentum continues down while price is below this level at the close): daily stocast momentum is continuing to the downside as long as Bitcoin is below 96,200 um on today's closure. ▶ 05:54
• 91.4k: Their view is wrong past this (5-day red 5 EMA; a close below it ends the bounce setup): if Bitcoin does close back down below it, which is officially at 91,400, then you know that that setup is gone. ▶ 02:54
• 89.3k: Support (price action pivot, the low from January 7th, likely to give a bounce attempt): you're going to get at least somewhat of a bounce attempt, I'd imagine from this price action pivot here at about 89,300, just the low from the 7th of January. ▶ 06:19
• 85k: Target (middle and lower end of the range): come back down to the middle and then lower end of the range and that's going to be, you know, let's call it around 85,000 bucks ▶ 03:43
• 83–85k: Support (where a bullish case would base before bouncing, if the $80,000 low holds): you're going to see it base off a little bit more around 85 to 83,000 bucks and then try that bounce if that's going to happen. ▶ 03:32

Their own position: Short. what I've done here is I've actually uh shorted a call spread. It's going to be the 100 versus 105 strike right here.

Dates named

• February 13 expiry of the 100k/105k short call spread on 13 Feb 2026: the maximum profit is going to be 15,600 assuming that Bitcoin is just below 100,000 bucks uh by February 13th.