Bitcoin Crash Beginning? My Opinion on What's Next for BTC and Ethereum

[00:02] Today we have gathered for a brief overview of the situation on the crypto market, we will discuss Bitcoin and Ethereum, as well as the prospects for the altseason. Don't forget to like this video and subscribe to the channel. I have a lot of useful

[00:15] channel. I have a lot of useful information coming out. And we are in Bitcoin, so this is a sharp upward price movement. If it happens, it will be a positive signal that will allow the current correction to end and growth.

[00:30] However, if this does not happen, the correction movement may continue. We see that the price has reached a zone called the turning point and held there. This is the key area that the market must work out in order to

[00:44] maintain the potential for growth to the level of $ 100,000. It is interesting that the current full-fledged correction. Usually, a correction is accompanied by the liquidation of positions and a decrease in open interest. However, at the moment, there has been practically no liquidation,

[00:58] and open interest remains at a high level, which indicates that most likely this is just a short-term downward movement. If the current situation is just an attempt to catch sellers shorts The price can quickly

[01:12] recover, break through the $100,000 level and go higher if this is the beginning of a correction, the market can experience another deeper wave of decline. Possible scenarios: first, if the market can recover above $97,600,000,

[01:27] this will lead to the liquidation of short positions opened in recent days and the price will easily rush to $100,000 and above. Second, if the level of 89,400 is broken, this will indicate a deeper correction with the target of a decline to

[01:41] $85,000 and the next liquidation level will be the $80,000 zone. The market is now in an area of ​​​​high concentration of stop orders; if the price goes lower, a liquidation cascade will begin, which will cause a sharp decline. The main

[01:57] risk area is the buyers' stops, they are below the $85,000 level. To summarize, if this is not a correction, but just an attempt to block sellers, the price will quickly recover. However, if this is the beginning of a deep

[02:11] correction, the market will most likely fall to lower levels before recovery. If long positions are canceled below these minimums, a liquidation cascade will begin. Liquidation cascade if the second wave is formed, we will see how the

[02:25] open interest in Bitcoin falls sharply, this will mean that traders will begin to liquidation. And on the chart, significant liquidation peaks will appear, such as long red candles, this will indicate that we are in the stage of a full-fledged

[02:40] correction at the moment, this is not a correction yet. If you look at the altcoin market, it remains stable, interest in altcoins, like the overall market indicator, has not changed despite the decline, now it is a

[02:53] record 77 billion dollars. This suggests that the current wave has since this requires a significant drop in this very significant drop in this very open interest. What are the scenarios

[03:07] now? We are probably in the first half, which may end in the next day or two. If this is still a correction, the second wave will be much stronger and can lead to a price decrease to the level of

[03:19] 89,400 or even lower in the range of 8,185,000 dollars. Most market participants are now in altcoins, which are not yet reacting to the decline, this creates the illusion of stability and many traders do not see a reason for

[03:34] panic. However, a further fall in Bitcoin may provoke fear and a massive closure of positions in altcoins. A liquidation cascade and sharp pullbacks will be an excellent opportunity to enter correctly. My recommendations are to

[03:50] minimize risks. I recommend fixing part of the profit and leaving free capital for buying on a possible decline if there is no correction. possible decline if there is no correction. Your remaining positions in

[04:08] assets at more favorable prices. At the moment, altcoins are demonstrating strength, which confirms their stability. However, if the market decides to clean up those same weak hands before reaching $ 100,000, altcoins may experience

[04:24] significant pressure, which will lead to a liquidation cascade. To continue monitoring the current imbalance zone, if the price holds above $ 97.1, this will be a signal for a reversal and resumption of growth. If the market

[04:39] breaks through this zone and forms a downward imbalance, this will lead to the beginning of a deeper correction phase. If the imbalance zone is confirmed and the price closes below its level, this will indicate a change in market sentiment from bullish to

[04:53] bearish. in this case, the decline targets will be at least at the level of will be at least at the level of $89,000 400, and a realistic target is $89,000 400, and a realistic target is below $85,000. However, after

[05:06] the decline, the market may turn around again and go into a growth phase, since the main long-term targets still remain bullish. Strategy in case of a correction. If the decline is strong, this will lead to the formation of an ascending

[05:19] minimum on the weekly chart. This will be a good point for purchases and will allow the market to move to $100,000 and higher, possibly to $110, or as I said earlier in my videos, to $120,000. Panic. At such a

[05:34] moment, you should not, on the contrary, use the fall to enter the market to minimize risks. It is recommended to maintain exposure to the market, leave part of the assets in altcoins if growth continues, and prepare

[05:48] cash to buy assets in case of a decline. In case of a correction, cash will allow you to buy back assets at the peak to provide better entry points and increase potential profit. If you are completely sitting in cash and the market

[06:02] rises, well, you just risk the opportunity to make money and miss all the growth. There is a problem with liquidity in the order book in the market, which can cause a sharp and rapid drop in prices. This is due to the fact that mass

[06:15] liquidations increase selling pressure while there are not enough buyers, resulting in a strong imbalance leading to a rapid decline. At the moment, the first wave of decline has not led to serious liquidation. This gives hope

[06:30] that this may just be a false bearish signal. However, it is worth monitoring the bearish signal. However, it is worth monitoring the developments. As for Ethereum, Ethereum is showing stability. It has been practically unaffected by the current

[06:43] decline. What is a positive signal? These are the first signs of the approaching altcoin season, especially if the price of altcoins remains stable against the backdrop of Bitcoin's decline. If Bitcoin continues to decline, Ethereum will likely

[06:57] test the imbalance zone in the region of $3,000 in order to capture the remaining hundred orders there. This can be done with

[07:09] the aim of a large accumulation of positions before the next rise. Long-term prospects for Ethereum. The global trend remains bullish. The expected target for 2025 is $45,000. The minimum is not the limit. And the minimum price estimate can

[07:25] be significantly higher. Well, as a main reference point, the level of 41004. $900,000 looks very realistic. Ethereum recently removed a large number of stops, which caused the price to decline. Today, you need to monitor the

[07:39] current zone, which is called vector imbalance. This is an area with a high trading volume. If the price passes this zone, buyers' positions under the minimums of $3,250 will be liquidated. If the zone holds, the price will

[07:54] likely continue to decline to at least $3,200, and in the case of a deep $3,200, and in the case of a deep correction to $3,160. However, if there is no correction, Ethereum will be able to hold this zone and continue to grow. Well,

[08:07] Bitcoin will also begin to recover. As for Bitcoin, Bitcoin needs to form a new bullish imbalance. To show that the market has found its bottom and is ready for a reversal. However, another bearish breakout is possible,

[08:20] which will lead to the capture of stops. Before a new upward movement, if the price forms a new imbalance after removing stops. This will be a signal for the end of the correction. In this case, the market can return to growth and target For

[08:35] $100,000, based on all this, there are two alternative scenarios: first, if the price holds above the minimum, the market will continue to grow, removing sellers who were calm on the decline; and second, if the price holds at current levels, the market may

[08:50] fall to $89,000 or even lower, and then in this case a deep correction will begin, which will also affect altcoins. My forecast is that the movement remains stable and key levels

[09:03] are held. But if the decline continues, this will lead to the clearing of weak hands in the market and the creation of more profitable entry points for new positions. Altcoins in this case may suffer greatly, but will open up opportunities for

[09:16] new purchases if the correction is sharp. Those who have cash can use this to buy new altcoins at more favorable prices, this will create profitable entry points. As with Bitcoin, so too in altcoins. However, those

[09:29] who do not have free funds may find themselves in a difficult situation. In this case, it is important to maintain composure and not sell assets in a panic, especially near local minimums. Recommendations, as I have already said, the main thing is not to give in In

[09:42] a panic, this can lead to selling assets at the very bottom. Instead, it is better to maintain a sober view of the situation and plan your actions. Remember that such declines are often temporary. This concludes

[09:57] today's analysis. I hope you like it. If so, don't forget to like and subscribe to the channel. If you haven't subscribed yet, please leave your comments. This will be better support for the work that is carried out. In the description

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[10:23] description. Happy trading, see you in the next video. Bye everyone! in the next video. Bye everyone! L