Mr. Luke

Daily crypto & market analysis 📊
Tracking trends, momentum, and sentiment.
Opinions only — not financial advice. DYOR

[Mr. Luke @MisterLukeCrypt]

$Bitcoin Bear Market Analysis – What to Expect

From my long experience in the markets, I expect $Bitcoin to fall lower — but before that, a bigger bounce could happen. There’s a lot of FUD right now and overall negative news flow. X is basically full of bears. Funding rates are deeply negative and still dropping, and a lot of liquidity is stacking above price.

The key is understanding, both psychologically and technically, where the major decline started — where most people began heavily shorting and panic selling. That’s the level we likely need to revisit before any larger drop.

For $BTC, the first obvious zone is $72–75k. There’s a lot of liquidity and sell orders there, and it’s also around Saylor’s average entry. When that level broke, panic accelerated. That could be the first area where we see a bounce before a bigger move down.

The second, more aggressive zone is below $90k — last year’s major support and resistance. Earlier this year, when price dropped below it and then bounced from the $80–87k area (where support formed and a CME gap was left), and then when this level broke it became a key level for big shorts. I feel like that zone could be the second place where price aggressively bounces before a deeper crash.

[Mr. Luke @MisterLukeCrypt]

@Tekkmayne @IranObserver0 @grok No more drugs or alcohol bro! Stop it!

[Mr. Luke @MisterLukeCrypt]

@Tekkmayne @IranObserver0 Show me, give me links ,some kind of official sources or just ask @grok if you’re in doubt.. because now it’s empty talk, trying to compare Iran and U.S is stupid..

[Mr. Luke @MisterLukeCrypt]

Took partial profits on my $LAB short because we are trading around some kind of support, but knowing that all of this could be manipulated by the $LAB team, I left the position running in case it crashes to zero. #trading #crypto

[Mr. Luke @MisterLukeCrypt]

That’s a first sign of $LAB weakness after this huge non-stop pump with large gaps between buy orders, looks like it could crash anytime. Opened a short position. #trading #crypto

[Mr. Luke @MisterLukeCrypt]

@Tekkmayne @IranObserver0 From where do you get all this fake information? Iran destroyed U.S. bases? The U.S. reached out first for indirect negotiations and all that? Please wake up and stop listening to random Twitter accounts. Check your sources before making such stupid and embarrassing comments. 🤣

[Mr. Luke @MisterLukeCrypt]

@Gabapentigram @IranObserver0 I don’t, I just know what U.S and Iran is capable of.

[Mr. Luke @MisterLukeCrypt]

$Bitcoin Bear Market Analysis – What to Expect

From my long experience in the markets, I expect $Bitcoin to fall lower — but before that, a bigger bounce could happen. There’s a lot of FUD right now and overall negative news flow. X is basically full of bears. Funding rates are deeply negative and still dropping, and a lot of liquidity is stacking above price.

The key is understanding, both psychologically and technically, where the major decline started — where most people began heavily shorting and panic selling. That’s the level we likely need to revisit before any larger drop.

For $BTC, the first obvious zone is $72–75k. There’s a lot of liquidity and sell orders there, and it’s also around Saylor’s average entry. When that level broke, panic accelerated. That could be the first area where we see a bounce before a bigger move down.

The second, more aggressive zone is below $90k — last year’s major support and resistance. Earlier this year, when price dropped below it and then bounced from the $80–87k area (where support formed and a CME gap was left), and then when this level broke it became a key level for big shorts. I feel like that zone could be the second place where price aggressively bounces before a deeper crash.

[Mr. Luke @MisterLukeCrypt]

$ZEC is done!
And now, what do you think will shine next?
Exactly — it’s time for $XMR.

I invested in $XMR a long time ago, and I’m still buying it. Soon, it will take over the privacy sector like it should have done long ago.

[Mr. Luke @MisterLukeCrypt]

@WatcherGuru So what is reverse meaning?

[Mr. Luke @MisterLukeCrypt]

@TedPillows Yes, and if you want to live, you have to think what you’re buying.

[Mr. Luke @MisterLukeCrypt]

USDT dominance just tapped 2022 highs , so bigger bounce in $BTC and $ETH could happen. #trading

[Mr. Luke @MisterLukeCrypt]

@zeroXhope Liquidation price? 🤣 It’s not leverage trade to have liquidation price.

[Mr. Luke @MisterLukeCrypt]

@benjamincowen Exactly! This all bear market is for dca!

[Mr. Luke @MisterLukeCrypt]

This is exactly how you could see this $BTC $ETH and etc crash before anything else. #trading

[Mr. Luke @MisterLukeCrypt]

Where $BTC and $ETH will go next from HERE:

One of the most important charts right now is #USDT dominance. At the moment, it has broken above its bullish flag structure on the 4-hour timeframe, and now it’s either going for a retest or this breakout could turn into a fakeout.

That’s why we also need to watch how the Daily candle closes. If it closes well below the structure and gets back inside it, there’s a high chance we move higher on #crypto assets, wiping out the many Short positions that currently exist. But if the Daily candle closes strongly above the structure, that could mean investors have abandoned their plan to buy at these levels and instead just want to cash out, which could mean new lows are right around the corner.

To make it simpler: the breakout to the upside needs a strong Daily candle close above the structure. If Daily close is not strong and with longer wick but still is above structure, then we atleast need a successful retest on the 4-hour timeframe followed by another strong bounce after the Daily close. That would confirm the breakout is not a fakeout. #Crypto #trading #psichology

[Mr. Luke @MisterLukeCrypt]

This is insane!! Bounce is imminent! $BTC $ETH #crypto

[Mr. Luke @MisterLukeCrypt]

That’s a first sign of $LAB weakness after this huge non-stop pump with large gaps between buy orders, looks like it could crash anytime. Opened a short position. #trading #crypto

[Mr. Luke @MisterLukeCrypt]

#Bitcoin giga bull markets usually start a year before the halving, so expect a full bear market at least until 2027. #trading

[Mr. Luke @MisterLukeCrypt]

@AltcoinDaily You should rename then “Bitcoin daily”

[Mr. Luke @MisterLukeCrypt]

@ziverno @Cointelegraph The funny part is that nobody knows if it’s happening or not.