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BTC $60k Importance Grows

decoded from The Chart GuysmixedMarket UpdateWatch on YouTube
NowPress play to follow along0:00 / 36:12
Chapters13 segments · tap to seek
ticker lesson

Breakdown

0:04lesson

FOMC impact on NASDAQ and crypto

  • FOMC tomorrow
  • NASDAQ at all-time highs
  • Bullish FOMC reaction needed for cup and handle
  • Market pricing in rate hike/cut possibilities
2:12BTC· ticker

Bitcoin — bear flag or consolidation

  • Weekly lower high likely
  • Retracement under 382 = bear flag
  • Bull need 70k to negate flag
  • Daily uptrend guide
  • 60k double bottom
4:27ETH· ticker

Ethereum — weekly bear flag potential

  • Weekly bounce retracement
  • Lower low more convincing
  • Previous support now resistance
  • Need 2000 to negate bear flag
  • 4-hour downtrend not confirmed
6:50HYPE· ticker

HYPE — cup and handle pattern

  • All-time high break
  • No follow-through
  • 4-hour consolidation
  • Not a true cup and handle
  • Potential falling wedge
9:01UNI· ticker

UNI — lead bear in bounce

  • Nice big bounce
  • Still ton of work to do
  • Solid mix of red and green
  • Lead bear in crypto
11:43ZEC· ticker

ZEC — weekly lower high scenario

  • Weekly lower high likely
  • Back testing resistance as support
  • 12-hour pattern potential
  • Bearish 12-hour pattern
  • Weekly lower high
15:06EEC· ticker

EEC — long-term downtrend

  • Long-term downtrend
  • Monthly, weekly, daily
  • Need 150% to reach resistance
  • Must-hold support zone
  • Bull need another leg up
18:01SUI· ticker

SUI — bear flag potential

  • Weekly bear flag
  • Need 25% to negate flag
  • Downtrend on monthly/weekly
  • Daily uptrend
  • Need to reach $1
21:04GRASS· ticker

GRASS — weekly inverse head and shoulders

  • Inverse head and shoulders
  • Must-hold support base
  • EMAs crossing bull
  • Weekly equilibrium
  • Lower high potential
24:00lesson

Crypto rotation and market melt-up

  • Crypto needs broader melt-up
  • S&P 500 and Nasdaq need to run
  • FOMO and market fervor
  • Crypto relative strength needed
  • Market blow-off top possible
27:09lesson

Bitcoin's long-term cycle and market volatility

  • Bitcoin may not hit all-time high
  • Cycle pattern works until it stops
  • Market acceleration and volatility
  • Fed printing and inflation cycle
  • Potential blow-off top
32:35BTC· ticker

Bitcoin vs gold — monthly uptrend needed

  • Confirm monthly uptrend
  • Break 18 to gain vs gold
  • Gold trying to put in higher low
  • Monthly stair-stepping down
  • Same as prior couple years
35:31lesson

Crypto reliance on NASDAQ for strength

  • Crypto bulls reliant on NASDAQ
  • NASDAQ needs new all-time highs
  • Helps bounce towards 70k
  • Still weaker than NASDAQ
  • Market context

Informational only — this is The Chart Guys’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.