EXTREMELY SCARY FOR BITCOIN !!!!!

Bitcoin Analysis

The current Bitcoin price action is being compared to the 2017 and 2021 bubbles, with a trend line suggesting a possible local top.

• A head and shoulders pattern is forming, which could indicate a potential downside break.
• The target for Bitcoin in this scenario would be approximately $77.5, but this is not considered likely.
• Support is around $93.5, and breaking this level could lead to a further decline.

Trading and Exchanges

• The speaker is switching their USDT trading to Coinflare due to Bybit's delisting of USDT.
• They recommend diversifying across multiple exchanges, including Coinflare, Weeks, and BitUniques.
• Links to these exchanges are provided in the video description, with bonuses available for new sign-ups.

Ethereum Analysis

• Ethereum's price is closely tied to Bitcoin's movements, with the ETH/BTC chart being a key indicator.
• A breakout above the current resistance line on the ETH/BTC chart could signal the start of an altcoin season and a good time to go all-in on Ethereum.
• The Ethereum chart against the US dollar is currently sideways, waiting for Bitcoin to make a move.