Bitcoin Rally to $86K: Full Breakdown & Transcript

[00:00] As you may have noticed, Bitcoin has just started to rally. So what on earth has caused this move up to $86,300 at the time of recording this video? Because I'm sure a lot of you guys are wondering, and this video is going to answer.

[00:15] Just before we jump into the video, please remember nothing in this video is financial advice. I am not a financial advisor. Crypto is extremely risky and no results are guaranteed. There are some affiliate links in the description and I may earn a commission at no extra cost to you.

[00:28] So as you can see here, Bitcoin 86,300 at the time of recording this video. One of my Bitcoin trades has jumped up to $110,000 in the profit. The other one is currently at the time of recording this video, 72,000.

[00:44] So we're just shy of $200,000 of profit. I'm actually just about to release an update of my exact trading strategy here on the channel. The last time we talked about this strategy, I told you about this trade.

[00:59] This trade was the example that I used in that. It was a few months ago, so I'm bringing out an update for that. It should be coming out in the next few days, so make sure you hit that subscribe button to be alerted when I release that. Now, with that said, guys, looking at the price, we do have one thing to pay attention to,

[01:16] and this is the potential of a double top. So what we want to do is we want to make sure we know exactly where to expect this to happen. So we could have some sort of a channel, really, that we can expect resistance now.

[01:29] Between here and right around there. So that gives us a zone between 87,000 and 86,000, where we can expect some resistance here.

[01:45] What I would love to see is us not to be stopped by this resistance and actually be able to move through it. So we sit right there. We just tipped our head into it. We wicked into that region.

[01:58] And so far, the market is holding up strong. Now, this move has just happened over the last hour or so. So I wanted to jump on and quickly let you guys know. That's what I'll be watching for a potential double top. A double top is, of course, not a great formation if you are feeling very bullish in this moment.

[02:15] A lot of the market is feeling bullish right now because the shorts have just got absolutely annihilated. If we do here we can see in the last 24 hours million worth of Bitcoin shorts liquidated creating a short squeeze which we seeing right now There is also a few news headlines you need to be aware of today or tomorrow

[02:36] depending on where in the world you are, that I believe could be affecting the moves, guys. But if you want to trade the next move, remember, we have a very good opportunity over on Blowfin. Blowfin is where I've opened one of my new altcoin longs here,

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[03:55] Now, what on earth is going on? Well, the US unemployment rate data dropped today at 8.30 a.m. ET. Remember, we're in this strange phase of the market where essentially good news is bad news.

[04:08] Bad news is good news, all right? So right now, unemployment coming in above 4.1 will likely spark market rallies via increased Fed rate cut expectations, while a lower rate will prompt sell-offs by indicating less need for easing.

[04:23] The video here also shows the Federal Reserve Chair speaking at a press conference highlighting how the labor data influences monetary policy in an environment of stable 4.1% unemployment.

[04:36] All right. So what's interesting here? Again, good news is bad news. bad news is good news. Hopefully we get the market news that we need to get the expectations in line with no more rate hikes that could continue the rally we're

[04:48] seeing right now Also potentially the initial spur of an issue like reason why Bitcoin popped is that maybe there people on the inside who know the news is going to be good So they front the market which created a chain reaction creating the short squeeze we seeing right now

[05:05] That's always a potential on the cards. We also have this $5,000 check for every adult American if Republicans win Congress. So this could also be spurring on excitement, especially in the risk-on markets,

[05:19] because we know what happened last time there was stimulus in the American economy, right? There was a big old move for crypto risk. People who get these sort of stimulus, they're not putting it towards savings or boring ETFs.

[05:32] They're putting it towards the things that they're told can 100x their money, can do that sort of thing. So that's why, obviously not all of them, but like a lot of people, that's why we see liquidity events happening in the most risk-on market when there is stimulus.

[05:46] We also see Kelsey traders expecting Bitcoin to trade as high as $92,000 this month after this current massive breakout. All right, guys, so take that as you will. Majority of traders are thinking we're going to be trading upwards, you know, coming to the end of the month.

[06:01] Now, one thing I wanted to point out is Bitcoin is up 81% since the launch of the ETF in January 24. But its performance, of course, has varied dramatically depending on when it's held. all right so the thing is here guys is bitcoin is up and to the right but if you can sustain

[06:18] the volatility if you can't sustain the volatility you end up like the rest of the sheep in the market and you get chewed up and spat out now a lot of people are going to want to buy on a day like today but they're only buying because the price went up not because they're willing to

[06:31] dca if the price goes significantly down so if you're buying today be aware that the price can drop significantly from where we are right now. Like I've been telling you guys, I don't know where the 20% pullback will happen, but maybe we go up to 90% and then we get a 20% correction,

[06:47] which, guys, puts us flat bang where that 200-day NA sits. It's very hard to tell where, if, or when this will happen, but if you're going to buy on a day of euphoria, you have to buy the very next

[07:01] time there's fear. That's my opinion, all right? I'm not talking about Bitcoin specifically, but I'm talking about these markets because people they don't want to do that and most people end up getting annihilated in these markets because if you had a simply just four in 2024 and waited

[07:16] till now you be up 81 percent that like 40 percent a year that better than anything else apart from you know like the very best AI trades and yet people will tell you that bitcoin is a scam It only goes down yada yada yada But if you can sustain the volatility you then leave you ascend from the sheep

[07:34] and you become someone who can actually see how this market works. And that's what this channel is all about, right? It's actually very easy or simple, I should say, to actually navigate these markets. But the problem is, is emotions get in our way, right?

[07:49] Emotions tell us in a moment like this is not the time to buy, it's the time to sell. In a moment like this, it's not the time to sell, it's the time to buy. And that's what people do, because it feels nice to buy in excitement. Today is a nice day. I'm not saying that you can't make money buying today, but

[08:03] what I am saying is if you do buy today, you need to be able to sustain the volatility. One of the trades that I alluded to in the crypto school, right, this was in a lot of loss, and we bought, bought, bought all the way down to basically average the price where

[08:16] sit right now because I believe this could be absolutely massive but I can't be buying right unless I'm willing to DCA or unless I'm willing to simply accept a short-term loss in order to get a

[08:28] better price for a long-term gain and that's the opportunity that exists in these markets and the one that I share with you guys every single day all right so if you do want to trade these markets is linked below here you can get part of this 3 million USDT why not guys they're giving it away

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[08:55] they're having where you can win or gain a lot, then the link for Blowsin will be below there in the video. I use Blowsin for a lot of my trading. I've got a trade open on there right now. I have a diverse array of exchanges that I use,

[09:08] and I think Blowsin is a great addition to that set of different exchanges. So if you want to check it out, make the best of the current market environment and use Lofan's money to do so, you can use the link below this video and I'll catch you guys in

[09:20] the next one. Peace.

[09:42] you