Is This a Bear Trap? Bitcoin's Sudden Bounce Explained

On Bitcoin

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

Views

• Next days (next 1–7 days): Sideways: we are still going to be in slightly choppy territories for at least another seven days as it stands. ▶ 05:24
• Next weeks (next 2–6 weeks): Expects up: Now again, I spoke around in September anyway, now beginning October, very likely we're going to go on a next run to the upside. ▶ 15:26
• Next months (next 2–6 months): Expects up: There's going to be a strong Q3 ending to a Q4 beginning for the markets, right? We're looking for a $90,000 to $100,000 Bitcoin. ▶ 15:31
• This cycle (next 6–18 months): Leans up (timeframe is our reading): optimistic to say, hey, this could be the bottom of the bull market, right? We got a lot of money to make, right? ▶ 18:24

If this, then that

• If Bitcoin smashes through $79,000-$80,000, breaking the trend, then no target given (next weeks): The only thing that changes that, right, is us really smashing through $79,000-$80,000. Then we're basically breaking through the trend and we're ready to go for new highs, right? ▶ 05:31
• If the market does nothing for the next 30 to 40 days, then no target given (next weeks, by next 30 to 40 days): So, if the market doesn't do anything for the next 30 to 40 days, then I get bearish, right? ▶ 13:30

Levels named

• 90–100k: Target (strong Q3 ending into Q4 beginning): There's going to be a strong Q3 ending to a Q4 beginning for the markets, right? We're looking for a $90,000 to $100,000 Bitcoin. ▶ 15:31
• 79–80k: Resistance (top trend line; breaking it opens new highs): The only thing that changes that, right, is us really smashing through $79,000-$80,000. Then we're basically breaking through the trend and we're ready to go for new highs, right? ▶ 05:31
• 78–78.5k: Target (needed rip up to confirm the bear trap): I don't expect it to go to new highs yet, but I need to see it rip up to at least $78,000-$78,500. ▶ 20:27
• 75–75.5k: Support (first buy zone within the current range): We're looking for your first buys on Bitcoin anywhere between the $75,500-$75,000 range, right? ▶ 21:23
• 72k: Support (next major support zone): $72,000 is still the next major support zone. However, ▶ 00:28
• 70k: Support (200-day moving average): Do we want to test 200-day moving average right around $70,000, right? ▶ 10:09

Their own position: Not said.

On Ethereum

Changed since their last video: months went from leaning up to expecting up.

Views

• Next months (next 2–6 months): Expects up: We're looking for $150 Solana. We're looking for $3,300 ETH, right? ▶ 15:38

Levels named

• 3.3k: Target (next run into Q4): We're looking for $150 Solana. We're looking for $3,300 ETH, right? ▶ 15:38
• 2.2–2.3k: Support (ETH bounced in this zone; first entry levels): So it's clear right now $2,300-$2,200 is the first levels of entries for ETH. ▶ 24:25
• 2.2k: Support (described as the strong level): Looks like $2,200 is the strong level. ▶ 24:36

Their own position: Not said.

Dates named

• CPI, PPI and FOMC (rate hike) as catalysts for the market, undated: So the CPI, PPI, and FOMC are huge catalysts, right? Having a hike, massive,