BITCOIN & CRYPTO FLASH CRASH: "F*CK AROUND, FIND OUT" 🔥

Jason Pizzino

Introduction to Market Trends

The current weekend has been one of the most boring in Bitcoin and crypto for a long time, but trends are changing rapidly. Bitcoin is breaking down, heading towards $4,000, and Donald Trump's recent actions, including tariffs on Colombia, are affecting the markets.

Economic and Political Developments

  • Trump's tariffs on Colombia have led to retaliatory tariffs from Colombia.
  • The US federal funds rate is expected to remain at 4.5%, which could impact the markets.
  • The Bank of Japan has increased interest rates, which might lead to further rate hikes.

Stock Market Analysis

  • The NASDAQ has formed a double top and is expected to test the 50% level of the retracement.
  • The S&P 500 has also formed a double top, with the first target to the downside being the 50% extension.
  • The AAII investor sentiment survey shows extreme bullishness, which could lead to a market correction.

Commodities

  • Oil prices are pulling back after Trump's comments on drilling.
  • A healthy correction in oil prices is expected, with $71 being a crucial level.

Bitcoin and Cryptocurrency Analysis

  • Bitcoin is experiencing a pullback, with $99,000 being a crucial level to hold.
  • The Fear and Greed Index shows that people are still very greedy on BTC.
  • A Wyckoff distribution schematic is being considered, which could indicate a potential distribution or reaccumulation phase.

Stable Coin Markets

  • The stable coin market is forming a double bottom, which could be a sign of strength or weakness.
  • If the double bottom fails, it could lead to further downside.

Total Crypto Market Cap

  • The total crypto market cap is hanging on by a thread, with lower highs and closes underneath $3.5 trillion.
  • A breakdown below $3.4 trillion could lead to further weakness.

Individual Cryptocurrency Analysis

  • Solana: Has started to break down from previous tops and is testing $230.
  • XRP: Is holding above $0.29 but failing at the 50% extension.
  • Suey: Has confirmed a top and is breaking down, with a potential test of lower prices before a new all-time high.
  • Pepe: Has broken down from the 50% level and could test lower prices, with a potential 70% fall to confirm the game is over.

Conclusion

The markets are experiencing rapid changes, with Bitcoin and cryptocurrencies pulling back. The stock market is forming double tops, and commodities are experiencing healthy corrections. Individual cryptocurrencies are showing signs of strength and weakness, with Solana and Pepe being more bearish and XRP being more bullish.