🚨 ALERT: Bitcoin’s weekly SuperTrend just turned bearish, confirmed by a close below the 50-week MA.This combo preceded 77–84% drawdowns in prior cycles as sentiment hits “extreme fear.” https://t.co/1iDdLbqlvB ...

Welcome back to the crypto channel everyone. My name is Josh and right now Bitcoin is still playing out this massive warning signal on the larger time frames while the price has now officially confirmed a new bearish price pattern setting up a bearish price target in the immediate short term which we are heading to right now. So, in just a moment, I'll be talking about my exact Bitcoin trading strategy, which yes, I've just now hedged this trade right here with a small short position, which I'll talk about ...

Group 1 - The core viewpoint emphasizes that despite recent volatility, the overall trend for gold remains bullish, with expectations for upward movement in the coming week [1][2][3] - Gold experienced a significant drop of $200, from $4380 to $4188, but this is viewed as a deep adjustment rather than a trend reversal [2] - The technical analysis indicates that as long as the 5-day moving average support is not broken, the bullish state remains intact, with potential upward targets of $4350 and $4500 [2][3] Group 2 - The silver market is also projected to maintain a bullish trend, with a target of $55, although it faced a drop to $50.5 last week [4] - Domestic gold prices are advised to be cautious, with recommendations to avoid chasing highs and to consider buying at lower levels, such as $965 for沪金 and $960 for融通金 [3][4] - The oil market is currently in a bearish trend, with a recommendation to observe rather than aggressively trade, as it may test previous lows around $54.5 [5]

Support and Downside Targets - The recent swing low of $62.19 marks critical near-term support, with a decisive break below this level confirming a continuation of the broader bearish trend [1] - The next lower target is projected between $60.66 and $60.60, aligning with a 78.6% Fibonacci retracement and a measured target from a falling ABCD pattern [1] - A deeper bearish objective is indicated at $57.71 based on a 100% projection of the same ABCD structure [1] Signs of Potential Reversal - Recent consolidation suggests that bearish momentum has temporarily stalled, opening the possibility for a short-term bullish reversal [2] - A small double bottom pattern has developed, with a breakout signal triggered on a move above last Friday's high of $64.18 [2] - If confirmed, this could lead to a test of resistance near the 20-Day moving average, currently at $65.78 [2] Key Resistance Zone - The resistance area is significant due to an anchored volume weighted average price (AVWAP) line from the June trend low, currently at $65.53 [3] - This AVWAP served as reliable support until it was broken to the downside on August 6 [3] - A rally back into this area would mark a critical test for bulls, as reclaiming the 20-Day average and AVWAP is essential to shift momentum in their favor [3] Outlook - Crude oil remains trapped between support at $62.19 and resistance at $64.18, requiring a breakout beyond either boundary for momentum improvement [4] - Traders can expect further consolidation within this range, with the broader bias continuing to favor the bears [4]

Welcome back to the crypto channel everyone. My name is Josh and right now Bitcoin is accelerating the short-term bearish trend as the Bitcoin ETFs are now dumping hundreds of millions of dollars worth of Bitcoin on the market while the Bitcoin dominance is continuing the short-term bounce which is really bad news for the old coin market causing Ethereum to continue to play out the massive warning signal here while XRP is getting very close to further confirming this significant bearish signal that we need ...