the Bitcoin dump keeps on getting worse and worse and while this happened we saw yesterday the worst day for the NASDAQ since 2022 wiping out over $1.7 trillion from the market in just one single trading day here so on today's update video I'm going to be discussing the most important news the reasons why we're seeing this massive wipe out on from the US Stock Market massive liquidation event on crypto as well I'm going to be talking about your opportunities the price chart the breakdowns the price targets and of course about the most important charts right
now in the market because there are some very interesting things to be seen on this exact correction right now here so I'm going to be discussing it all today's update video don't forget once again watch this video till the end because I am going to be discussing the most important charts and patterns on today's update video including the fact that the Trump company is of course massively down here the ethereum foundation is looking at a major liquidation events I'm going to talk about it so don't forget to sub that like button back above 1,000 likes
it will be highly appreciated and with that being said let me jump straight away in towards today's update video so first of all we are once again creating another major CME Gap and honestly this CME Gap is quite big right now here but Bitcoin just continued to dump after we broke the upper swing support line I mean it was very clear we broke the support line and like I mentioned whenever we break this level we're of course going to be going in a downtrend and straight away we dumped lower but the question question right now
is is this going to be the bottom here and the reason also why Bitcoin dumps so heavily is due to the US Stock Market taking a big hit as well here because yesterday like I said in my intro they had the worst day since 2022 wiping out an approximately 1.7 trillion US Dollars and yeserday also Trump signed some more executive orders really also giving even more turmoil on what is currently already happening but he did sign some positive crypto executive orders but the market didn't bounce at all here then also we got some more fud
because Mount go apparently transferred over $900 Million worth in Bitcoin to a new wallet and yeah this is a war wallet that has been constantly selling so that was also one of the reasons why Bitcoin dumped ever so slightly people were afraid that he was also going to sell and of course ultimately that is even more sell pressure and sell pressure is going to be putting the prices lower so people are going to be panicking then also there is right now something going on here because Trump apparently wants the market Market to be crashed because
if the market is going to crash if we're going to be going into a recession he can get the Federal Reserve to cut its interest rates and if the Federal Reserve is going to cut its interest rates stimulation in the economy and that is what Donald Trump wants here he wants to see lower interest because the US government has to pay insane amounts of interest on their debt here and of course if they don't lower it soon the US government could potentially go bankrupt so that is why he wants to put down the Federal Reserve
interest rates here and that is is why he is potentially right now crashing the markets with all the things he has been doing right now here then also yesterday I discussed on my Twitter page that there was a max pain area which was $76,000 that is where the majority of the Bitcoin short liquid long liquidations were laying Bitcoin exactly went down to 76.5k and then right now is bouncing higher so very interesting what we saw over there then as W Trump his crypto portfolio is down over $300 million so uh yeah he is defin one
of us and he is also losing a significant amount of money with his crypto portfolio then at the same time I want to be quickly going over the C MEAP is a rent $86,000 and one thing is for certain and is that most of the times we actually fill up this CM Gap well it seems very unreasonable right now here if I am looking at the chart right now here honestly like I'm not going to be looking at the macro perspective because the macro is quite bad right now here that is the reason why we're
dumping but if I'm purely going to be looking at this chart right now it is looking quite bullish and it sounds very weird but it does here because what we're R seeing here on the 4 hourly time frame on The Daily time frame and on the 12-hour time frame is all bullish divergences so basically we're seeing that sellers are exhausted we're seeing a lower low getting created in the market while the RSI is creating a significant higher low this is showing clearly that the sellers are exhausted here on the 12-hour time frame and the daily
time frame this bullish Divergence isn't confirmed yet here because we need to see a 12-h hourly candle close to confirm the bullish Divergence But ultimately also here on the 4ly time frame it is confirmed and we're bouncing average slightly higher right now here this is a sign that the sellers are right now exhausted in the market and that is honestly a very great thing here because as soon as the sellers are getting exhausted we've seen of course the major liquidations already happening on bitcoin and its long positions it is ultimately going to be sending the
market much much higher so this is a great thing here well of course the macro environment is quite bad here so that is of course the reason why we can be 100% certain for the price to very strongly bounce here because the macro conditions are a little bit worse here then on the daily time frame guys we came down towards the support box I drew about like two or three weeks ago here we exactly bounced from off that support box that is this previous high in the market that right now is providing support for Bitcoin
so yeah we made a push towards the upside then now we're making the push back down again here but honestly like we have seen in many previous buom markets such kind of a correction is very normal here in the cryptocurrency market and ultimately that does allow you major opportunity to accumulate bigger positions in the market so yeah we're seeing a major major distribution here but honestly I do see this in a bigger perspective as still a major opportunity for accumulation and especially on cryptocurrencies like etherium at CRA so the market and of course the SP
Bitcoin ETF has been continuously still selling their position and while this is always happening and Michael sailor announced the plan how he's going to be raising 21 billion US dollar yeah a billion US on this guys to be giving you a very clear view on how much that is here in the uh entire year of the accumulation of SP Bitcoin ETF we saw about $35 billion and Michael sailor is set to raise 21 billion use dollars to buy more Bitcoin and honestly I have the idea that a lot of people don't know how big this
is here if if he can go through with this $21 billion US buy uh he's most certainly going to be sending the market much much higher and he can absorve a lot of sell pressure and probably is going to be reversing the market back towards the upside again here so that is at least what he's liking to do here $21 billion worth of bitcoin he's going to be buying that is ultimately going to be super good for the market so well indeed we got some bearish news while indeed the market is quite weak here he
still wants to be accumulating more here and my positions on my grid trading butt here are right now like 2% underwater my ethereum position is a little bit more underwater but like I stated many previous times as well here I am still accumulating in these ranges to sell back higher and that is of course what these grit trading bols exactly do here they accumulate along the way down here and they sell along the way up here so yeah honestly W it's in a current small little loss here I do believe that whenever the market is
going to be rebounding of course and if you right now want to be using any of these grid trading BS here especially since the market is down quite heavily right now here don't forget to check out PEX in the link description of today's video because if you sign up an account for signning up an account using that link below and completing kyc to and also if you deposit $100 you will get a free $100 rewarded to your account here so definitely worth to check out here make sure to use the highest link description of today's
video video further on I want to be pointing out that Bitcoin of course on the bigger perspective is right now once again coming down towards its purple range here which is the accumulation range which is historically been known for and yeah we could be seeing that similar like 2017 we are potentially seeing somewhat of a bear trap right now here on bitcoin I mean we've done it mle times here I mean look at ethereum ethereum is falling off a cliff here coming down here and hasn't even seen a boom Market hasn't even seen a new
altim high here very interesting but if you're look at ethereum compared to bitcoin if you look at the ethereum dominance it is both sitting at an alltime Loan in terms of momentum it is extremely oversold here and you see these are the period indeed it looks bad here but where are the biggest opportunities to lay here then at the same time if I'm looking at Bitcoin and it's very import important and interesting chart here we're seeing that the funding rates are going negative again here and this basically means here is that the majority of the
Traders are preferably trading short instead of long here and historically whenever thisen happens it also allows major opportunity to occur and we have seen one of the largest I say one of the but the largest liquidation event here are even larger than the FDX collapse larger larger than the Celsius and three errors Capital collapse this is really very interesting time here because usually whenever we see such big Liquidations in the market it usually comes together with extreme fear and extreme fear usually allows extreme big opportunity so very interesting of course right now I want to
be doing a small little deep diveing towards ethereum because there is still some thought about ethereum that the ethereum foundation has got a liquidation for approximately 100 million us if the price hits about $1,100 that would be quite bad for them of course and yeah if that is going to be happening we're going to be probably see even lower prices but yeah we did know that used Banks can right now be validators of the ethereum network but so far it hasn't really done anything positive for ethereum but in the in the onchain data we're still
seeing that ethereum will are heavily accumulating positions right now here I mean the daily chart keeps on falling lower and lower and lower and it looks like there's just no ending in sight here right now for the ethereum chart if I'm looking at the weekly level I was accumulating in this gray box right now here but of course I've got some more accumulation level set up here for my ethereum trade and now it even came down towards this previous high in the market and of course if we break below this level my next Target is
going to be $1,400 here which is of course quite a low Target for each eum so yeah ethereum hasn't seen a bull market but is indeed having a major breakdown a lot of people are in disbelief here uh I mean I am also a little bit in disbelief that etherum is breaking down so quickly and uh is not reacting so strongly here but this is the reality right now where we're getting I mean what we're looking at right now here is truly to see this bullish the virtues play out for Bitcoin that would be of
course the life Cher that will be the Lifesaver and yeah if we do see a rebound here back towards the upside and break above the previous High that's the only way on how we are going to be saving this major downtrend here because we are currently trading in a downtrend but we are seeing slightly little signals here that this could be ending right now here and if that would be that would be of course an insane opportunity so yeah this was it for me in today's update video guys it's very important to be on on
top of your game right now in this such kind of a market Bitcoin is down Bitcoin is bleeding but uh yeah whenever there is blood in the streets it's the best opportunity to of course be accumulating so thank you so much for watching and I'll see you guys back again tomorrow on another update video peace out goodbye
