Is The Crash Over? Bitcoin's "Micro" Bull Signal Vs. "Macro" Bear Trap

The update says crypto markets are volatile and technically mixed, with some short-term rebound potential but bigger-picture risks still present, as traders watch key support and resistance levels.

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In this critical crypto market update, Chief Market Strategist Gareth Soloway dissects the confusing price action in Bitcoin (BITCOMP), Ethereum (ETH), Solana (SOL), and XRP. With Bitcoin trading around $68,500, investors are asking: Is the bottom in, or is this just a pause before a massive flush?

Gareth reveals a specific technical setup occurring right now: A "Micro" Bullish Pattern inside a "Macro" Bearish Pattern.

In this deep dive, Gareth covers:

Bitcoin (BITCOMP): Why the short-term charts signal a bounce over the next few days, but the long-term monthly charts are flashing a massive warning sign. Gareth breaks down the "Bear Flag" formation and reveals the terrifying "Head and Shoulders" measured move that puts a $35,000 target on the table if the $60k support level fails.

Ethereum (ETH): ETH has flushed through key support, turning previous buy zones into major resistance. Gareth outlines why holding the $1,500 - $1,600 level is existential for Ethereum to avoid retesting deep bear market lows.

Solana (SOL): The bright spot? Gareth explains why he is currently Long Solana for a swing trade. He identifies a setup that could trigger a 50% rally back to $120, despite the broader market weakness.

Ripple (XRP): The ugliest chart of the bunch. XRP has violated a massive multi-year trendline. Gareth explains the concept of an "Air Pocket" and why the downside risk to $0.95 - $1.00 is now in play.

Stop listening to the "Moon Boys" calling for $1M Bitcoin. Listen to the trendlines. This is probability-based technical analysis to help you navigate the volatility.

Video Length: 00:14:39


More By This Author:

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Bitcoin Panic: Why I Bought The Crash (But Warn Of $35k)

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