🚨 BITCOIN: OMG… ITS CONFIRMED!!!!! THIS WILL CHANGE LIVES!!!
Introduction
The speaker introduces the video and promises important updates on the markets, including bad news for general markets and good news for Bitcoin and crypto.
Bitcoin's Downside Move
The speaker discusses Bitcoin's recent downside move to 25,900 and explains why it wasn't enough for them to add to their long trade. They also mention trading on BuyBit and its benefits.
- Bitcoin experienced a downside move to 25,900.
- The speaker did not add to their long trade because they were waiting for a major support at 25k.
- The speaker mentions trading on BuyBit and its bonuses, including access to their paid crypto course and crypto signals community Discord.
UK Inflation Shock
The speaker discusses how European shares registered the worst day in two months due to the UK inflation shock. They explain that inflation in the UK is spiraling out of control, which has implications for everyone.
- European shares had their worst day in two months due to the UK inflation shock.
- Inflation in the UK is spiraling out of control, which has implications for everyone.
China Central Television Broadcasted Crypto
The speaker talks about how China Central Television broadcasted crypto, which is a big deal since nothing happens without government approval in China. They explain that this type of coverage historically leads to bull runs.
- China Central Television broadcasted crypto, which is a big deal since nothing happens without government approval in China.
- This type of coverage historically leads to bull runs.
- Chinese Siri launches government-backed metaverse platform, which is significant since China previously banned crypto.
China and Hong Kong Open Doors to Crypto
In this section, the speaker talks about how China and Hong Kong are opening up to crypto starting from June 1st. The speaker also mentions that this could potentially lead to a perfect storm for Bitcoin.
Potential Perfect Storm
- China and Hong Kong open doors to crypto starting from June 1st.
- Historical data shows that when the HODL ratio is high, it marks a turning point in the market character and structure.
- All we need is another collapse of some bank in the United States on June 1st to confirm the narrative.
Inflation Release Tomorrow
In this section, the speaker talks about an upcoming inflation release and how it could affect traditional markets. The speaker also discusses how PCE is one of the most important preferred gauges for inflation for Fed when they're making a decision on interest rates.
Impact of Inflation Release
- Tomorrow's inflation release will be very important.
- A slowdown in reduction in PCE in the US has already broken the system.
- Anything higher than forecast would be really bad for traditional markets.
Bitcoin Price Expectations
In this section, the speaker talks about their expectations for Bitcoin's price movement. The speaker believes that even if there is a dip due to bad news, it will only be temporary before entering into a bull market.
Bitcoin Price Expectations
- Worst case scenario would dip down on some bad news to maybe 22k but then bounce back up.
- The speaker believes that with China coming in and stepping in, we've already put in the bottom and this is the beginning of the next bull market.
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