BAD NEWS FOR BITCOIN TODAY

Market Analysis

The speaker discusses the current market situation, mentioning that they had previously predicted a breakout in Bitcoin and Ethereum, which has now occurred. They highlight that their positions in both currencies are currently in profit.

Resistance Levels

The speaker notes that the current resistance levels are at $99.5 and $101.8, with an additional important line at $100,000. They believe that the yellow line (previous support) will act as massive resistance and expect a rejection from it, potentially leading to a retest of the blue line.

Potential Scenario

The speaker outlines a possible scenario where the market tests the yellow line, gets rejected, and then retraces back to the blue line, before potentially breaking out upwards. This could create a big inverse head and shoulders pattern, which would be bullish for both Bitcoin and Ethereum.

Ethereum Analysis

The speaker discusses Ethereum, mentioning that it is currently undervalued and that they have a large position open on the currency. They note that Ethereum is waiting for Bitcoin to break out upwards, and that if this happens, Ethereum will likely follow.

Weekly Time Frame

The speaker looks at the weekly time frame for Ethereum and notes that a breakout above the current resistance level could create a massive inverse head and shoulders pattern, with a target of $6,000 per Ethereum.

Conclusion

The speaker summarizes their bullish outlook on both Bitcoin and Ethereum, and encourages viewers to open positions and take advantage of the potential upside. They also promote their affiliate links and invite viewers to check out their tutorials and social media channels.