BITCOIN JUST FAILED: This is Coming Next (Warning)!! - Bitcoin News Today, Ethereum & Altcoins

📝 Video Summary

Overall Market Evaluation by Josh

Josh's overall market evaluation is predominantly bearish in the long term, with a focus on a larger, multi-month bearish trend. However, he acknowledges that in the shorter term, there's a possibility for choppy sideways price action or slight bullish relief. He emphasizes that significant bullish momentum or a reversal of the bearish trend is not expected in the near future. The current market environment, particularly for Bitcoin, is characterized by sideways price action and the potential for further pullbacks before any potential stabilization.

Key Points and Main Topics Discussed

Bitcoin's Short-Term Bullish Divergence Invalidation: Bitcoin has officially invalidated its short-term bullish divergence. This occurred after the price dipped and grabbed liquidity from below, which, coupled with a slight dip in the stock market, caused a short-term pullback in crypto.
Stock Market Influence: The US stock market experienced a short-term dip, which had a corresponding negative impact on the crypto market in the very short term. However, the overall stock market remains in a sideways price range, suggesting similar behavior for crypto.
Bitcoin's Weekly and 3-Day Timeframes:
- The weekly timeframe still indicates a larger bare market or correction, with a massive bearish divergence yet to be invalidated.
- On the 3-day timeframe, Bitcoin is bouncing between support around $60,000 and more significant support between $53,000-$56,000, with resistance between $72,000-$76,000.
- Josh predicted Bitcoin would hold above $60,000 for the next couple of weeks, which has been playing out.
- An oversold signal on the 3-day Bitcoin RSI suggests choppy sideways action or slight bullish relief to reset the RSI, potentially allowing for further downside later.
- The current situation is compared to December 2025 entering early this year, with short-term relief within a larger bearish trend.
Bitcoin Liquidation Heat Map: Liquidity below Bitcoin's price around $66.4K-$66.5K was wiped out, as predicted. Smaller liquidity levels are building around $71,000 and $64.9K-$65,000.
Ethereum (ETH):
- ETH is following similar price action to Bitcoin on the 3-day timeframe.
- Expect choppy sideways price action for ETH in the short term.
- Oversold conditions on the 3-day ETH RSI suggest slight relief and consolidation.
- Key support levels for ETH are around $1810-$1820 and above $1900.
- A break below $1800 could lead to a move towards $1500-$1600.
- Resistance is expected around $2150-$2250.
XRP:
- XRP is still playing out a massive bearish divergence on the weekly timeframe.
- Short-term support is holding between $1.30-$1.40.
- A break below $1.30 could lead to a move towards $1.11-$1.13, and subsequently to the $0.90-$1 range if that level breaks.
- On the 3-day timeframe, XRP has been playing out an oversold signal with slight bullish movement or choppy sideways action over the last 1-2 weeks, resetting the RSI.
- This short-term relief is within the larger bearish trend, and further downside is still likely.
Solana (SOL):
- SOL is in a larger multi-month bearish trend.
- In the short term, it has been experiencing choppy sideways price action and a slight bounce, playing out an oversold signal on the 3-day RSI.
- Support is holding between $75-$80, and the price is retesting this area.
- A confirmed break below $75 could lead to a significant downside move towards $45-$50. This is highlighted as a potential massive trading opportunity.
Chainlink (LINK):
- LINK is in a larger multi-month bearish trend.
- In the short term, it's taking a break with choppy sideways price action and slight bullish relief, resetting the 3-day RSI.
- Support is between $7.90-$8.50, and resistance is between $9.50-$10.
- A confirmed break below $7.90 could lead to a significant downside move towards $5-$5.50. This is also identified as a potential massive trading opportunity.
Trading Opportunities in Bearish/Sideways Markets: Josh emphasizes that profit can be made even during bearish or sideways price action through strategies like short positions and grid bots. He briefly mentions how a 10x leverage short position on a 30% move could yield a 300% profit.
Bitcoin Dominance: Bitcoin dominance is in a sideways price range, meaning altcoins are likely to perform similarly to Bitcoin.

Important Insights

The crypto market's short-term movements are heavily influenced by the US stock market.
Despite short-term fluctuations, the overarching trend for major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Chainlink remains bearish in the multi-month timeframe.
Oversold signals on shorter timeframes (like the 3-day RSI) suggest potential for temporary relief, choppy sideways action, or slight bullish bounces, but not a reversal of the larger trend.
Key support and resistance levels are crucial for identifying potential trading opportunities.
Significant downside moves are anticipated if key support levels are broken with confirmation. These are highlighted as potential trading opportunities.
It is possible to profit from crypto markets regardless of price direction by employing appropriate trading strategies.

Trading Opportunities and Positions

Potential Solana Short Opportunity: If Solana confirms a break below $75, Josh notes this as a potential massive trading opportunity with a target of $45-$50. He states he would be looking at what to do himself in such a scenario.
Potential Chainlink Short Opportunity: If Chainlink confirms a break below $7.90, Josh identifies this as another potential massive trading opportunity with a target of $5-$5.50. He illustrates how a 10x leverage short position could yield significant profits.
Short-Term Pullback Expectation for Bitcoin: Josh expects Bitcoin to continue its slight pullback further, potentially into the support level around $65,000-$66,000, followed by choppy sideways price action over the next week or so.

Alerts to Be Aware Of

BTCUSDT;{{price}} < 65000;Josh: Watch for a confirmed break below $65,000 as it could lead to further downside.
SOLUSDT;{{price}} < 75;Josh: A confirmed break below $75 on Solana could trigger a significant move towards $45-$50, a potential trading opportunity.
LINKUSDT;{{price}} < 7.90;Josh: A confirmed break below $7.90 on Chainlink could lead to a substantial drop towards $5-$5.50, presenting a trading opportunity.
ETHUSDT;{{price}} < 1800;Josh: A confirmed break below $1800 for Ethereum could signal a move down to $1500-$1600.
XRPUSDT;{{price}} < 1.30;Josh: A weekly candle close below $1.30 for XRP could lead to a drop towards $1.11-$1.13.

📈 Progressive Summary

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Progressive Summary of Crypto Market Analysis

Overall Market Evaluation by Josh

Josh's current market evaluation indicates a continuation of the prevailing bearish trend, despite some short-term price action. The US stock market experienced a minor dip, which in turn affected the crypto market. However, the broader outlook remains one of sideways consolidation within a larger bearish structure, particularly for Bitcoin. Altcoins are expected to largely mirror Bitcoin's movements due to stable Bitcoin dominance.

Analysis and Key Points

Bitcoin (BTC)

Short-Term Invalidation: The previously identified short-term bullish divergence on the 2-hour chart has been invalidated. This was primarily due to a liquidity grab below current price levels, exacerbated by a slight dip in the stock market. The price breaking below previous lows, and crucially, the RSI also forming lower lows, confirms this invalidation.
Liquidity Grab: Josh highlights that the price has now "grabbed liquidity" around the 66.4K-66.5K level, a scenario he predicted in the previous video as a potential risk to the bullish divergence. This liquidity grab is a common market mechanism to collect buy/sell orders.
Current Support and Resistance: Short-term support is now expected around the previous lows, between $65,000 and $66,000. New, smaller liquidity pools are noted around $71,000 and $64.9K-$65,000, but these are less significant than the recently cleared level.
Long-Term Bearish Trend Consistency: The weekly chart continues to show a red Super Trend indicator, signaling a larger bear market. The massive bearish divergence on the weekly chart remains unconfirmed.
3-Day Chart Analysis: The 3-day chart shows Bitcoin oscillating between support around $60,000 and more significant support between $53,000-$56,000, with resistance between $72,000-$76,000. The prediction of holding above $60,000 for the next couple of weeks, as stated previously, is playing out. An oversold signal on the 3-day RSI suggests potential for choppy sideways action or very slight bullish relief, rather than a significant upward move. This sideways action is seen as a mechanism to reset the RSI, allowing for further downside later.
Comparison to Past: The current situation is compared to December 2025, entering early this year, characterized by short-term relief, choppy sideways action, and an overall larger bearish trend.

Ethereum (ETH)

Following Bitcoin's Lead: Ethereum is exhibiting similar price action to Bitcoin, as expected given the neutral Bitcoin dominance. The expectation is for more choppy sideways price action in the short term.
3-Day RSI Oversold: The 3-day Ethereum RSI hit oversold conditions over a week ago, suggesting a potential for slight relief or sideways consolidation to reset the RSI. This is not a signal of a bullish trend reversal.
Key Support Levels: Crucial support is identified just above $1,800, specifically between $1,810-$1,820 (a Fibonacci level). Short-term support is also noted around $1,920 based on previous local lows.
Potential Downside Targets: A break below $1,800 with confirmation could lead to a move down towards $1,500-$1,600.
Resistance: Significant resistance remains above $2,100, particularly between $2,150-$2,250.
No Significant Change: Josh notes that not much has changed for Ethereum over the past day.

XRP

Weekly Bearish Divergence: The massive bearish divergence on the weekly XRP chart continues, reinforcing the long-term bearish outlook.
Support Level: XRP is currently holding above crucial support between $1.30-$1.40.
Potential Breakdown Targets: A confirmed break below $1.30 could see XRP fall to support around $1.12-$1.13. Further breakdown below this level could target the $0.90-$1.00 range.
3-Day RSI Relief: Over the past 1-2 weeks, XRP has been playing out an oversold signal on the 3-day RSI, resulting in slight bullish movement or choppy sideways action, as predicted. This is seen as a short-term break within the larger bearish trend, not a bottom signal.

Solana (SOL)

Larger Bearish Trend: Solana remains in a multi-month bearish trend.
Short-Term Sideways Action: For the past 1-2 weeks, SOL has been experiencing choppy sideways price action with initial slight bounces, playing out an oversold signal on the 3-day RSI.
Support: Support continues to be observed between $75-$80, and SOL is retesting this area.
Significant Downside Target: A confirmed break below $75, with failure to reclaim it, could lead to a significant drop to the $45-$50 range. Josh identifies this as a potential massive trading opportunity.

Chainlink (LINK)

Bearish Trend Continuation: Chainlink is also within a larger multi-month bearish trend.
Short-Term Relief: For over a week, LINK has been in a short-term relief phase, playing out an oversold signal on the 3-day RSI with choppy sideways action.
Support and Resistance: Support is between $7.90-$8.50, and resistance is between $9.50-$10.
Potential Downside Target: A confirmed break below $7.90 could target a significant support area between $5-$5.50. Josh suggests this presents a potential massive trading opportunity, illustrating how a 10x leveraged short position on a 30% move could yield a 300% profit.

Bitcoin Dominance

Sideways Range: Bitcoin dominance is trading relatively sideways, indicating that altcoins are likely to perform similarly to Bitcoin.

Important Insights and Shifts from Previous Analysis

Invalidation of Short-Term Bullish Divergence: This is the most significant change from the previous analysis. The predicted short-term bullish move based on a 2-hour BTC bullish divergence has been nullified by a liquidity grab and subsequent price drop.
Shift in Trading Strategy Focus: While the previous analysis highlighted a short-term BTC bullish opportunity, the current focus shifts to the potential for profit during bearish or sideways markets using short positions and grid bots.
Consistency in Long-Term Outlook: The overarching bearish trend on higher timeframes (weekly, multi-month) remains consistent across all analyzed assets.
Oversold Signals as Reset Mechanisms: The interpretation of oversold signals on lower timeframes (like the 3-day RSI) is reinforced as leading to short-term relief or sideways consolidation, rather than immediate trend reversals.

Trading Opportunities and Positions

Current Strategy: Profit from Sideways/Bearish Markets: With the invalidation of short-term bullish setups, Josh emphasizes strategies for profiting during current conditions:
- Short Positions: To profit from bearish price action.
- Grid Bot Trading: To profit from choppy sideways price action.
Potential Future Trading Opportunities:
- Solana (SOL): A confirmed break below $75 could present a significant shorting opportunity, targeting $45-$50. This would be a ~30% move.
- Chainlink (LINK): A confirmed break below $7.90 could lead to a substantial downside move towards $5-$5.50, offering a potential large profit from a short position.

Alerts to be Aware Of

BTCUSDT;{{price}} < 65000;Josh: If price dips below 65K, it could be a retest of support.
ETHUSDT;{{price}} < 1810;Josh: Watch for support around 1810-1820. A break below could signal further downside towards 1.5K-1.6K.
ETHUSDT;{{price}} > 2150;Josh: Resistance expected between 2150 and 2250.
XRPUSDT;{{price}} < 130;Josh: Watch for support between 1.30 and 1.40. A confirmed break below could signal further bearish movement towards 1.12-1.13.
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