$BTC is almost back to the $61,000 level.
A sweep of $60,000 zone could happen next, as stocks are showing weakness too.
If $60,000 holds, then BTC will have a decent bounceback towards $65,000.
Otherwise, it'll drop to new yearly lows.
This is my projection for the next 2 months (June-July):
A potential Three Taps Pattern is forming here imo; just be mindful when/if we reach $69k-$70k from here since a potential retest of the range lows could happen after.
And I'll look for +$80k after the possible retest.
No $BTC bottom has happened above its "Realized Price" which currently sits at $53,000.
IMO, Bitcoin will most likely drop towards $50,000-$52,000 before a cycle bottom.
$ETH is trying to reclaim the $1,700 level.
This is the zone where Ethereum bottomed in Feb 2026 and is now acting as a resistance.
If ETH fails to reclaim this, a sweep of lows could happen next.
I'm seeing this chart a lot on my timeline lately.
IMO, $BTC won't go to $30,000-$35,000 zone, and the bottom could be around $48,000-$50,000.
Where do you guys think Bitcoin will bottom?
$BTC head and shoulder breakdown target is still not complete.
$49,000 looks like a good bottom zone as the August 2024 bottom happened around it along with ETFs inception.
This is called an expanding triangle. Expanding triangles are very common in Bitcoin. They are also typically reliable.
The target for expanding triangles is the height projected from the breakout.
A move back above 75,000 would change my analysis $BTC
$BTC has formed decent liquidity clusters both to the upside and downside.
On the upside, there's a good chunk of liquidity sitting around the $78,000-$81,000 level.
On the downside, there's a huge liquidity cluster below the $76,800 level.
$BTC update:
Now that it's confirmed that Bitcoin only deviated above the range highs (we're back inside the range), I'm sticking to the previous BTC Sunday update analysis.
The retrace of the Liquidity Pool at $71k is probable.
A retest & rejection at $79k is possible.
🚨 What is a eurodollar? - (Must Read)🚨
THREAD:
1: The Mystery Begins
The Euro$ is NOT what you think it is. It's our hidden monetary system, lurking in the shadows.
Think of Euro$s as a black hole, hidden yet profoundly affecting everything around it.
The Government doesn't have a monopoly on money; the Euro$ is completely outside the purview of the Fed
2: The Urgent Question
What is the Euro$'s origin? No one is sure!
In the late 1950s, European banks began transacting in US$ claims, creating a network of outside the US.
3: The Birth of Euro$s
A Federal Reserve report from 1960 reveals the emergence of Euro$s as European banks sought dollar deposits for investments.
Euro$s aren’t actual dollars; they are a web of claims and transactions.
4: The Global Money Network
Euro$s enable banks worldwide to transact efficiently, linking monetary resources with needs across continents.
It's more a global communications network than a currency.
5: The Ledger Money System
Euro$s aren't physical dollars; they are ledger claims on US$s, a virtual currency.
Banks create claims and then use them to intermediate monetary needs all over the world.
6: A New Era of Prosperity
Euro$s became the lifeblood of a globalizing economy, facilitating trade and investments on an unprecedented scale.
This system brought unparalleled global prosperity.
7: Unintended Consequences
Euro$ has malfunctioned since ‘07, the world faces risk of undoing decades of that progress.
Competing arrangements can't replicate what Euro$s did so well—widely available and acceptable money.
8: The Ongoing Challenge
To replace Euro$s, something has to replicate its capabilities, an immense challenge.
Global reserve currencies MUST be a highly useful medium.
9: The Final Message
The Euro$ is our monetary system, whether you acknowledge it or not.
Understanding this hidden system is crucial as it affects our lives, not strictly the global economy.
10: Just the Beginning
Dive deeper into the Euro$r system with Eurodollar University's memberships.
Explore its history, fundamentals, and the hidden world of global ledger money.
Join us today at https://t.co/Z5Tb2tXafX. Will you stay in the dark, or take the red pill to uncover the hidden truths about how money truly works?
GL Indexes now supplies Global Liquidity data in all formats, building on the original CrossBorder Capital work. Watch for further announcements over coming weeks. We calculate and curate liquidity data across over 90 economies daily, weekly and monthly. Evidence our new range:
I think it needs explaining that although I see an elongated cycle it doesn't mean my analysis is right. The breadth and depth of macro/crypto analytics framework I've added since 2021 is massive and I'm happy with the probabilities currently but things can change...
At GMI we have done tremendous amounts of work on this all at the nexus of crypto and macro in The Everything Code. It comprised of over 4,000 charts (serious).
However, I am not a guru.
We all need to take lifestyle chips off the table to secure our own future.. I can't dictate that. In RV too we will do our best to help as many people as possible,
But we are not, and will not be, perfect.
This is your choice alone. Not mine.
Only you can actually protect your own future and thus limit regret if the market reverses or even it explodes higher.
I'm guessing I'll take 25% to 30% off into year end but I don't know yet. It's based on my own circumstances, not yours and its based on my p&l and not yours.
Also don't forget that your risk profile is different to mine...
I can afford to take outrageously concentrated risks like having 80%+ of my liquid stack in Sui.
But based on my work I think Sui it outperforms most others majors. I am not a maximalist and my portfolio can and will change but I will let you know if my analysis changes.
My job for myself is to maximise profits with best risk adjust returns.
For most, just buy BTC, ETH and SOL
My job for myself is to max profits with best risk adjust returns I think are available.
The Banana Zone won't fix your shitty asset allocation. If you have had a decent portfolio you will already be up 5x to 10x from the low.
If you are newer, don't chase gains, time in the market is vital, you should make money this cycle but here is more to play for over time,
You have 5 years or so to Unfuck your Future.
Please don't fuck it up.
This will be my pinned tweet so you can refer to it.
Just let it all play out and take profits on the way.
Good luck.
My work suggests the next 6 to 9 months can change all our lives but don't bet on it exclusively.
If you want to reduce risk and also play for higher prices consider selling some and buying longer dated calls in due course, where you can only lose your premium (as I did in 2021 with ETH and only risked 5% for a potential leg higher which failed).
I appreciate your attention in this matter.