BITCOIN DUMP NOT OVER!!!!!!!!?

Introduction to the Moose Show

The Moose Show discusses the price of Bitcoin and its potential future movements.

Bitcoin Price Movement

The host believes that Bitcoin's price may dump further, but is still bullish in the macro term.

Market Analysis

• The entire market has been destroyed in the past 48 hours, with most tokens down significantly.
• Bitcoin has recovered some losses on the daily timeframe.
• The host is concerned about the short-term price action, citing a lack of volume and excitement in the market.

Technical Analysis

• The host uses indicators such as the Lucid SAR and ADXR to analyze Bitcoin's price movement.
• The daily timeframe looks bullish, but the four-hourly timeframe is concerning.
• The host believes that Bitcoin needs time to decide on a specific trend.

Altcoin Analysis

• The host is bullish on Dogecoin, citing its strong community and potential integration with X payments.
• Ethereum is expected to skyrocket, with a potential price target of $7,000.
• XRP has been recovering well from the recent FUD, but its price action is not looking good.

Breaking News

• Finance is under investigation for money laundering and tax fraud.
• The Nvidia crash caused Bitcoin and cryptocurrency to dump, showing the connection between the tech sector and Bitcoin.

Bitcoin as a Risk-On Asset

• Bitcoin is currently classified as a risk-on asset, affecting its price movement in relation to the tech sector.

Conclusion

• The host believes that Bitcoin will continue to go up in the macro term, but is cautious about the short-term price action.
• The show ends with a Q&A session, analyzing various altcoins such as Cardano, Solana, and Crypto.com.