Video: BITCOIN WARNING: IT'S FINALLY HAPPENING (Urgent)!!! - Bitcoin News Today, Ethereum & Altcoins
Generated: 2025-11-04 01:32:39
Status: ok
Josh's overall market evaluation points towards a period of cool-off and a lack of bullish momentum in the coming weeks or months for Bitcoin. He anticipates a potential sideways consolidation or a pullback in the price of Bitcoin. The Bitcoin dominance is showing a bullish relief, which is not good news for the altcoin market. He shares his trading strategy, which has been making profits regardless of market direction, using a grid bot.
Weekly Chart: Still in a larger bull market indicated by the super trend indicator. However, a massive bearish divergence suggests a slowdown and a lack of bullish momentum in the coming weeks or months. This suggests a sideways consolidation or a pullback is likely.
Daily Chart: Bitcoin rejected from resistance at around $110.8K to $111,000.
6-Hour Chart: Bitcoin is currently testing support between $106.5K and $107,000. A break below this level could lead to further support at $105.5K and potentially around $104K. If the price loses the $105K - $106K level and fails to recover, a retest of the mid-2025 lows around $100,000 is possible, potentially forming a massive head and shoulders pattern. A possible bullish divergence is forming on the 6-hour chart. If confirmed, this could lead to a short-term bullish relief.
Trading Strategy: Josh is using a fully automated futures grid bot on Pionex, which has been making profits regardless of market direction. The bot places a grid of buy and sell orders to profit from price fluctuations.
Bitcoin Dominance: The Bitcoin dominance is experiencing a bullish relief, which is not favorable for altcoins. Resistance is found between 60.5% and 61%. A break above 61% could be very bullish for Bitcoin dominance, which will be bad for altcoins.
Ethereum: Ethereum is within a larger bearish trend on the daily time frame, with lower highs and lower lows. A potential bullish divergence is forming. Support is at $3350 to $3450. Previous support between $3720 and $3760 now acts as resistance. Expect a lot of weakness in terms of momentum.
Solana: Solana has rejected from resistance between $190 and $200. Support is found around $170, and a 50% retracement level. Breaking below $170 could lead to a move towards $157 to $158. The 8h RSI is oversold. A slight bounce is possible.
XRP: XRP is continuing the rejection from the resistance between $0.260 to $0.270. Support is in the range of $0.230 - $0.240. If the price breaks below $0.230, the next major support level is around $0.25. The larger trend is still bearish.
Chainlink: Chainlink is showing a more bearish trend than XRP, with lower highs and lower lows. Support is between $15.20 and $15.70. Breaking below $15.20 could lead to a target of $13.30 to $13.40. A possible bullish divergence is forming. Resistance is at $17.40 to $17.50.