Bitcoin will soon enter a capitulation phase. Right now it's a good time to sell or short Bitcoin on futures. Why? The current price is at the top of the channel, which acts as a strong resistance. As soon as the price gets below the blue local channel, the downtrend is confirmed! Bitcoin has been in a bear market since October 2026, and I expect this trend to continue in August and September! In the short term my target is 56,500, as you can see on the chart. But my midterm target is around 42,000, and I expect this target to be hit in September/October. We should see some very bad news during this event, such as a hack of a major exchange or capitulation of major players/miners in the crypto space.
From a technical point of view of this chart, I think we can expect a bounce from the bottom of the descending channel. It does make sense also from a point of view of taking liquidity below the previous swing low.
NUMBER 1 RULE: You know that no market is free, all major markets are completely controlled/manipulated by banks and governments. You must trade with them, not against them. Make sure your strategy is optimized to this behavior. You want to buy where all people have their stop losses and sell where all people have their buy orders.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
From a technical point of view of this chart, I think we can expect a bounce from the bottom of the descending channel. It does make sense also from a point of view of taking liquidity below the previous swing low.
NUMBER 1 RULE: You know that no market is free, all major markets are completely controlled/manipulated by banks and governments. You must trade with them, not against them. Make sure your strategy is optimized to this behavior. You want to buy where all people have their stop losses and sell where all people have their buy orders.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
Note
Bitcoin has been going up and just touched the top of the blue channel. I am not really buying any Bitcoin, every pump = sell until the end of the bear market. Wait for the main capitulation event and do not fall for any pumps.Transaction en cours
I believe the price is going to go down, good to enter a short position.
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💡Join my VIP group (signals, my trades)
xanrox.org/vip
✅Trade here: Deposit 5000 to get 750
t.ly/QqHmb
xanrox.org/vip
✅Trade here: Deposit 5000 to get 750
t.ly/QqHmb
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.