Video: BITCOIN SHORT SQUEEZE IMMINENT (Get Ready)!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink
Generated: 2025-09-27 00:41:38
Status: ok
Video URL: https://www.youtube.com/watch?v=pLNgTwMHEqM
Josh provides a bullish outlook on the crypto market, particularly Bitcoin, while also analyzing Ethereum, XRP, and Chainlink. He emphasizes the importance of understanding Bitcoin's price action as a leading indicator for altcoins. Josh is currently in long positions on Bitcoin and suggests potential trading opportunities based on his analysis.
Josh's overall evaluation of the market is bullish in the short term, particularly for Bitcoin. He anticipates a potential short squeeze for Bitcoin, which could drive the price higher. He believes that altcoins will generally follow Bitcoin's price action, especially if Bitcoin dominance remains neutral or bearish.
Weekly Chart: The super trend indicator remains green, suggesting a larger bull market. There is a massive bearish divergence to watch out for, but it's not yet invalidated.
3-Day Chart: Approaching a potential bullish crossover in the MACD, which could signal a continued bullish move.
Daily Chart: Bitcoin is testing and potentially breaking out above a key resistance level around $117,000. If it holds above this level, the next target is around $120,000, and a breakout above $120,000 could lead to all-time highs, around $124,000. Support levels are at $117,000, $114,000, and $113,000.
4-Hour Chart: The short-term trend is bullish, with higher lows and higher highs. A potential bearish divergence is forming but is not yet confirmed. Josh is bullish in the short term and is in long positions. There is a significant area of liquidity just above the current price, around $118,000 - $119,000, suggesting a likely bullish move to wipe out short positions.
Trading Strategy and Positions: Josh is currently holding long positions on Bitcoin on both his BTEX and Two Bit accounts. He occasionally takes profits to reduce risk but maintains the overall long position. He has around $150,000 in Bitcoin long positions. His BTNX long position has around $2,300 in unrealized profits and about $5,600 - $5,700 in realized profits. His 2bit account has around $3,300 in unrealized profits.
Ethereum: Trading in a sideways range, with support between $3,900-$4,100 and resistance between $4,800-$4,900. Short-term support is around $4,250. The 4-hour chart shows a major bounce from support around $4,470 - $4,500. Short-term resistance is around $4,600 - $4,700. Josh suggests following his Bitcoin analysis to anticipate Ethereum's price action.
Solana: Continuing its long-term bullish trend. Support is at $230. Resistance is at $260-$265, and a breakout above this level could lead to a target near $290-$300.
XRP: A massive bearish divergence is still present on the weekly chart. The breakout of a triangle pattern on the daily chart is still active as long as the price holds above $3, and especially above $2.90. A potential inverse head and shoulders pattern is forming on the daily chart. The neckline is around $3.13 - $3.14. A breakout above this level would activate a price target around $3.52.
Chainlink: Continuing a short-term bullish move, influenced by Bitcoin's price action. Still within a larger bullish trend. Support is at $22. Resistance is at $25.20 and major resistance at $26.80 - $27. Josh advises following Bitcoin and Bitcoin dominance to predict Chainlink's movement.