Bitcoin BEAR TRAP Before The Pump? My Altcoin ENTRIES

Crypto Banter • 4 days ago

Original source

What This Video Is About

This video discusses the current state of the Bitcoin market, with a potential trap looming ahead of the FOMC meeting, and the speaker's strategy for navigating this volatility.

Major Ideas Discussed

  • The Bitcoin dominance is at resistance, indicating a potential trap that could impact the market.
  • The speaker is slowly building positions in altcoins, including AVAC, Cardano, SUI, Render, Salana, Chainlink, Ethereum, and Arweave, to prepare for a potential bounce.
  • Key support levels for Bitcoin are $70,000 to $73,000, with liquidity levels at $79,000, $81,500, and $82,600.
  • The speaker's trading strategy involves giving decent space on trades and preparing for a possible trap scenario, aiming to build up to 100% positions over time.
  • A weekly bullish divergence and horizontal shakeout are indicators of a potential bounce and move up to new highs.

What to Watch Next

The FOMC meeting and its impact on the market, as well as the performance of the mentioned altcoins, are key developments to monitor in the coming days.