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🚨 BITCOIN: MEGA ALERT!!!!!!!!! [Don't be fooled]
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🚨 BITCOIN: MEGA ALERT!!!!!!!!! [Don't be fooled]

US Debt Ceiling Deal and Bitcoin Recovery

In this section, the speaker discusses the news of a potential deal to increase the US debt ceiling by $4 trillion and its impact on Bitcoin. The speaker also shares their thoughts on the current market situation and Bitcoin's technical analysis.

US Debt Ceiling Deal

  • The US debt ceiling could be increased by $4 trillion, which would save the US from defaulting on its debt.
  • The bill has been proposed but still needs to go through voting for approval. If passed, it will prevent defaulting on June 5th.
  • Negotiations between Republican and Democrat parties are ongoing, making it hard to come to a conclusive deal.
  • President Biden has said that both parties may not get what they want for this bill to pass.

Bitcoin Technical Analysis

  • A reversal candle was seen on the daily chart leading to an upside reversal. However, there is still uncertainty in the markets.
  • The speaker took a short position with proper risk management but is currently in a no-trade zone until June 5th.
  • Bitcoin made it back inside a descending wedge and tested its resistance perfectly. It is close to invalidating a potential Head and Shoulders pattern.

Bitcoin's Macro Perspective

In this section, the speaker discusses the macro perspective of Bitcoin and analyzes its current market trends.

EMA Ribbons and Moving Average

  • The EMA ribbons are beginning to cross towards the upside for Bitcoin, which is happening for one of the very first times in Bitcoin's history.
  • If we see the completion of this crossover, we could head higher for Bitcoin.
  • We need to get above the previous swing high of 31,000. If we don't get above this level, we could have a double top and then collapse further towards the downside.

Trading Opportunities

  • We could open a trade if we break above 27.3K with a very tight stop loss at around 27.2K.
  • The parabolic SAR is firing a buy on The Daily after a big downtrend. This could take Bitcoin towards the upside.
  • However, it is important to wait for any huge position before opening a huge long position.

FED Minutes Event

  • After the FED minutes event, it was revealed that the US may continue to raise its interest rates. This is not good news for Bitcoin or markets in general.
  • If we break below 26.6K again, I will re-enter a massive short position.

Overall, it is important to keep an eye on these market trends and trading opportunities while being cautious about potential risks such as rising interest rates.

Video description

🔥 Trade on Coinflare: https://cryptokid.io/Coinflare (No KYC) Covered a lot, make sure to watch until the end! :) 🚨 BITCOIN: MEGA ALERT!!!!!!!!! [Don't be fooled] 🌐 Join the Crypto Kids Community: https://t.me/CryptoKidsCommunity ⚡ https://www.CryptoKid.com ⚡ 📈Sign up to TradingView to do TA like me📈 ⭐Get up to $30 to put towards your new plan!⭐ https://cryptokid.io/TradingView You can also follow me on: 𝕏 Twitter: https://x.com/CryptoKidcom 📸 Instagram: https://www.instagram.com/cryptokid 🪙 CoinMarketCap: https://coinmarketcap.com/community/profile/CryptoKidcom 🕺 TikTok: http://www.tiktok.com/@efecryptokid 📧 Get in Touch: contact@cryptokid.com Timestamps: 00:00 Intro 00:20 CRUCIAL NEWS 02:50 Position Update 03:44 BITCOIN TA 05:33 Trade Setup 06:28 FED RATE HIKE? #Bitcoin #Cryptocurrency #cryptonews Disclaimer: Nothing in this video is investment advice, financial advice, trading advice or any sort of advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be. Investing always comes with a considerable risk. Everything in the video only reflects general information and all decisions by you should be conducted only after your own research and consultations with your professional financial advisor before acting. I do not have fiduciary or obligations to you, and I am not responsible for any decisions taken by you by reliance upon this video. Never invest any funds that you can´t afford to lose. Information in the videos is solely the opinion of the speaker who is not a financial advisor nor a firm. I do not intend to make any direct or indirect marketing to users and consumers based in the United Kingdom, the United States of America, India and China. Promotion and Affiliate Disclaimer: The appearance of third-party advertisements and hyperlinks does not constitute an endorsement, guarantee, warranty, or recommendation by us, and we are not acting as an agent or representative. I am not your broker, intermediary, agent, or advisor. Conduct your own research before deciding to use any third-party service. The channel is not responsible for the performance of sponsors or affiliates. The promotion only reflects my personal honest opinion of the product. I may receive compensation for the promotions in my videos.