BITCOIN: IT’s A TRAP!!!!!!!! [urgent]

Summary

The presenter says Bitcoin’s weekly chart is at a decision point. A potential “W” pattern has not confirmed an upside breakout: Bitcoin failed to rise above $86,700, the level the presenter says is needed to validate the breakout. A successful breakout could point toward $102,000, while a failure could signal further downside.

The presenter cautions that the pattern is not yet confirmed as bearish and says to wait for the weekly candle to close on Sunday. Bitcoin is trading below the cited $82,200 neckline. In the presenter’s view, a weekly close below roughly $82,000 would confirm a bearish breakdown and could put $72,000 in view. Until the weekly candle closes, the current move may be “noise.”

The presenter also says their Bitcoin, Ethereum, and Monero trades remain open. They report approximately $1.1 million in profit, potentially closer to $1 million after the market decline, and say the trade size, entry prices, and liquidation price have not changed. The displayed screenshot is old; the presenter says they will provide an update in a later video.

Framework and Key Levels

• Bullish confirmation: Weekly breakout above $86,700; potential target of $102,000.
• Bearish confirmation: Weekly close below approximately $82,000 (with the neckline cited at $82,200); potential downside target around $72,000.
• Timing: Wait for the weekly candle to close on Sunday before drawing a firm conclusion.

Assets and Instruments Mentioned

• Bitcoin (BTC)
• Ethereum (ETH)
• Monero (XMR)
• Bybit (trading platform)

Disclosure: No explicit “not financial advice” disclaimer appears in the subtitles.

Presenter/source: Unnamed presenter on the MMCrypto channel.