I have been warning you for the last 45 days that a big dump was coming and now itās playing out exactly. Bitcoin has already dumped around $20K and is now trading near 112K, right at the major resistance zone that has triggered every big correction since 2018.
A small bounce to 115Kā116K is possible, but after that I expect another leg down toward 100K, and potentially lower to 90K. Iām still holding my 50% short position. If anything changes or I close my position, Iāll update you. Remember I mentioned earlier that if BTC went back to 125Kā128K, I would add more shorts and that plan hasnāt changed.
Till Monday, I expect some volatility, but Mondayās price action will give a clearer direction.
šø Weekly: BTC touched the long-term trendline again ā clear rejection happened. š Until we get a weekly close above 125K, the risk of a major pullback stays high.
šø Daily: Price is inside the 110Kā125K supply zone. Structure is weak. If price breaks and resists below 110K, then 100K is the next target.
š My Trade:
ā First target 105K hit Holding 50% shorts, expecting a bounce to 115K, then lower.
For the last 40 days Iāve been telling you guys Iām bearish on $BTC. We already dropped almost 8K twice, but every time Bitcoin reclaimed the levels again. Right now itās trading around 18K to 119k but nothing has changed for me. Iām still bearish.
Iāve said many times that the 115K to 124K region is a short zone, not a long zone. If youāre still holding longs, Iād strongly suggest you flip to shorts because the chart is flashing multiple top signals.
Donāt get trapped by hype like āBitcoin to 1 million by the end of this year.ā Thatās just noise. The structure is weak, liquidity is being engineered, and the bigger downside move is still ahead.
$SOL is trading around $81, sitting at a very important area after a long correction from its highs. Right now, price is still holding above the long term ascending trendline, which tells me buyers are continuing to defend this region. That's exactly what I wanted to see before considering any bullish scenario.
In the short term, Bitcoin's bounce could help SOL push toward the $90 to $95 resistance zone. A move into that area is possible, but I still see it as a relief rally unless the market starts reclaiming key weekly resistance levels.
The broader market structure remains cautious. If SOL fails to hold the $65 weekly support, this bullish outlook would be invalidated, and I would expect a much deeper correction toward the $45 to $30 demand zone.
For now, I'm not chasing the upside. As long as SOL continues holding above support, the structure remains intact, but I'm treating any rally as short term until the overall market confirms a trend reversal.
This might be the wildest Bitcoin story of the year.
An Irish drug dealer bought around 6,000 $BTC in 2011 and hid the paper keys inside a fishing rod case.
Then he got arrested. His landlord cleared out his stuff and tossed the keys. Gone.
The coins sat frozen for years. Until now.
With help from Europol, Irish authorities broke into the wallets without ever finding those keys. They've pulled out 1,500 BTC this year, the latest 500 just today.
About 4,500 BTC, worth over $270 million, are still sitting there.$BTC
$M has rallied more than 225% from the demand zone and is now facing a key test at the 4H 99 EMA.
So far, price is showing signs of rejection from this level. If sellers confirm the rejection, a pullback toward lower support becomes more likely. However, a strong close above the 99 EMA could shift momentum back to the bulls and increase the chances of reclaiming the previous resistance zone.
$RE has already rallied 43% from the demand zone highlighted in my previous update.
Buyers defended the area perfectly, and price is now testing the upper boundary of the descending channel. A breakout and hold above this level could signal the start of the next leg higher.
Crypto Skull Signal
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Bullish
$RE has already pushed 43% since holding the support zone we talked about earlier.
The breakout is now confirmed, and buyers are still defending the key level. As long as price stays above this area, the trend remains bullish and further upside shouldn't be ruled out.
$M delivered a clean 64% move after breaking out of the falling wedge and successfully retesting the demand zone.
The breakout confirmation came exactly where buyers stepped back in, turning support into a launchpad for the next leg higher.
Crypto Skull Signal
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Bullish
$M is starting to show signs of life after defending a key demand zone and breaking out of its short-term falling channel.
The bounce is still in its early stages, but buyers are finally stepping back in after days of pressure. As long as price continues to hold above the current support area, a move toward higher levels remains possible.
For now, this looks more like a recovery attempt than a confirmed trend reversal, but it's definitely a chart worth watching.
If you had opened a long on $VELVET from my call two weeks ago, you couldāve made generational wealth
I told you that Red box was important area to watch when $VELVET was trading around $0.53
Told you if buyers defended that zone, weād see a massive breakout And thatās exactly what happened
In just 2 weeks, $VELVET pumped all the way to $1.56, delivering 300% move š
This is why I always say the real money is made by identifying key levels before the move, not by chasing green candlesš°
Crypto Skull Signal
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Bullish
$VELVET has already rallied more than 375%, and after a brief pause it's trying to break above resistance once again.
This is the level I'm watching closely. If buyers can keep price above it and turn it into support, I think there's a good chance the move continues. The trend is still looking strong, and as long as this breakout holds, another push higher wouldn't be surprising. š