Is The Downside Risk Over For Bitcoin & Crypto? [My Trade Update]

On Bitcoin

Changed since their last video: months moved up to sideways.

Views

• Next months (next 2–6 months): Sideways: you can draw this rangebound environment, maybe move up, maybe later on you flush back down. Point is that you'll probably play that transitionary phase out over the rest of this year. ▶ 32:34

If this, then that

• If bulls close the weekly candle above the current level, then no target given (next weeks): if bulls can close it over here, it's looking decent that they can attempt to reclaim and break above that 50 EMA ▶ 17:35
• If price is rejected at the trend line and begins to roll over, then no target given (next days): if you do start to see the rejection over here and this begins to roll over, then it can easily quickly turn things back down. ▶ 18:06

Levels named

• 77.8k: Resistance (daily RSI pivot level; reclaiming it flips the RSI back up): There's the number in yellow on the right hand side, 77,777 and it was actually 77 when I was checking this for the RSI pivot. ▶ 18:55
• 75k: Support (liquidity sits just below $75,000 on weekly and daily): the liquidity there is liquidity below just below $75,000 you have almost 75 million and that is on the weekly ▶ 19:53
• 72k: Support (key support zone if price drops below the 50 EMA): anything that does drop below there is going to be key support into the low 72 zone ▶ 17:46
• 70k: Support (a drop below 70k turns people bearish and sets up a higher low and bounce zone): just dropping below 70 people get bearish again and then that leads to the high low and that becomes your high probability bounce zone ▶ 19:38

Their own position: Not said.

On Ethereum

No change since their last video.

No view on any horizon.

If this, then that

• If market traps and flushes down below the $2,000 zone, then no target given (next weeks): If you get some kind of a trap and you flush down below $2,000 zone, that's going to be the area of interest. ▶ 31:07

Levels named

• 2k: Support (area of interest if the market flushes): If you get some kind of a trap and you flush down below $2,000 zone, that's going to be the area of interest. ▶ 31:07

Their own position: Not said.

Dates named

• Fed rate decision and dot plot showing another hike, undated: when you look at that dot plot, the Fed dot plot says that 16 Fed officials see at least one more rate hike, right, coming up um this year
• Quad witching expiration on 18 Sep 2026: The quad witching is that massive expiration that you have across multiple different contracts and that can bring some volatility, right?