🚨Bitcoin Has One Close Today to Cancel $61.5K — Then Jobs Friday Takes Over (LIVE)

On Bitcoin

No change since their last video.

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• Next days (next 1–7 days): Leans down (timeframe is our reading): I do think that Bitcoin have some downside here to 61 or 60, you know, somewhere around 61,000 bucks, give or take 500 bucks from that number. ▶ 13:27 The call was a draw: 63.7k when said, 64.3k on 10 Aug 2026 (+0.9%), under the 1% it takes to count.
• This cycle (next 6–18 months): Waiting on a level (timeframe is our reading): And more importantly, until monthly really starts to confirm the bullish pivots, which now we got to wait a whole another ▶ 1:54:07

If this, then that

• If daily close on CME above the Reven Ribbons midband at 64,561, then no target given (next days): which would require a daily closure on CME, very specifically above 64,561, I cannot even be short-term bullish, and I do have to be looking for further downside. ▶ 13:05
• If Bitcoin gets rejected again at the midband, then 61k (next days): Scenario B, obviously another rejection right here. Still does, of course, uh, you know, lay out the nice road towards that 61, uh, $61,000 number. ▶ 14:38
• If if the Bitcoin macro low is in and Bitcoin is bullish, then 70k (next weeks, by this month): And honestly, Bitcoin is bullish. I do expect it to get to 70,000 bucks this month. ▶ 21:19

Levels named

• 67k: Target (minimum target of the 5 EMA / 21 EMA corrective setup): that would be to 67,000 bucks, maybe even a little bit more. Again, that is a minimum target after all. ▶ 26:30
• 64.6k: Resistance (daily Reven Ribbons midband on CME): which would require a daily closure on CME, very specifically above 64,561, I cannot even be short-term bullish, and I do have to be looking for further downside. ▶ 13:05
• 61.8k: Support (previous trending higher low not yet violated): the previous trending higher low, which in this case was about 61800. So right now, I mean, Bitcoin still has not violated that to the downside. ▶ 26:11
• 60.5–61.5k: Target (area of interest near the previous range low): I'm just going to say 61,000 bucks. Understand it's a range between about 60,500 to 61,500ish region. ▶ 14:47
• 61.5k: Target (breakdown to the previous range low): You get your actual breakdown to the previous range low. That that would be the $61,500 target. ▶ 27:12
• 59k: Support, expected to hold (does not expect a return below this level in August): I really don't even expect it to go back down really even below like 59,000 bucks at this point. ▶ 20:57

Their own position: Short. Anyways, as far as my position goes, um, I'm still short 20 665,000 calls for bitcoins.

On Ethereum

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

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• Next days (next 1–7 days): Leans down (timeframe is our reading): I think that you could have a downside move here easily to like 1750ish region. whatever. ▶ 1:22:25 The call was a draw: 1.86k when said, 1.88k on 10 Aug 2026 (+0.7%), under the 1.5% it takes to count.

If this, then that

• If closure above last week's high at about 1955, then no target given (next weeks): So, for this thing, that would require closure more or less above last week's high or, you know, 1955, whatever. ▶ 1:23:43

Levels named

• 1.96k: Resistance (last week's high): So, for this thing, that would require closure more or less above last week's high or, you know, 1955, whatever. ▶ 1:23:43
• 1.75k: Support (a downside move there would still be a higher low on the weekly): I think that you could have a downside move here easily to like 1750ish region. whatever. ▶ 1:22:25

Their own position: Not said.

Dates named

• Friday jobs report on 7 Aug 2026: Friday jobs report. That's probably the main event. That's probably the most important event coming up this uh this week at least.
• JOLTS job openings on 4 Aug 2026: and then tomorrow Jolts job openings markets typically like to kind of move based off of that