Bitcoin is setting up a bearish trap on the 1-hour chart with equal highs and lows. Unless price rallies to $86,000 by Sunday, the weekly candle closes red. The speaker sees liquidity sweeps trapping buyers before a drop, tied to Trump's tariff concerns.
What's up, guys? Welcome to another video. Now, today is Saturday, so probably not going to expect too much price action, but there is something developing here that I feel I must warn you guys about so that you guys don't make the wrong move and also to be able to take advantage of this false move that is about to come. So without any further ado, let's dive into the video. So let's kick things off on the 1 hourly chart because this is going to be much more relevant. Just real quick, yesterday's move, we basically kind of called that price is going to sweep this level during the New York session. And, and indeed it happened right before the New York session. Actually, it happened during the London and then New York basically. And then yesterday the biggest move for the day ended up coming during the London session, unless you are considering the New York afternoon session, which personally I don't trade it because I am mostly in Asia and that is like literally midnight my time. So right now, the thing that's developing is the fact that you have relatively equal lows and relatively equal highs. This is, to the naked eye, looking like some kind of trend line. Now, the thing you need to understand about this trend line is that chances are this is going to break lower. The reason for this, this is because if we take a look at the weekly candle so far, we can see that unless price goes from right now at $83,300 all the way up to $86,000. Now, if this happens, then, yeah, we're going to be bullish for next week. But, you know, assuming that the weekend is going to be less volatile and nothing much is going to happen during the weekend, then most likely this weekly candle is going to close bearish. And this is going to come as two bearish weekly candle closes in a row after sweeping out this liquidate right here and failing to close above it. We've already mentioned this throughout the week, but essentially once you sweep a previous weekly level and you fail to close above it, that means that there is a lack of interested buyers in keeping price above this level, which signals weakness. And that is why after this weekly candle close, our buys for this week was bearish. And indeed that was what happened. The first half of the week ended up being just a setup for eventually Thursday after Trump announced the tariffs. Boom, you sweep the exact level what we were looking at and then, boom, you start heading lower. All of this was cold. And so far the weekly bias, as long as it doesn't go above $86,000 by the end of Sunday, then chances are the bias is going to be towards the downside. Hence you should take this sweep of the relatively equal highs here as a false breakout and for price to ultimately target this low instead. Now, this low will be the previous weekly low as well as, you know, lining up with the relatively equal lows there. In fact, I'm pretty sure that they have been swept. So yeah, no relative equal lows, just that low. But you have another low here that was not swept. And so that is going to be the draw on liquidity. Right. Don't lose sight of the higher time frame. I know that price action may be looking a little bit bullish, that what you need to understand is that this falls into place with some kind of a market maker sell model where you have an initial consolidation. That's your second impulse up and that's your. Sorry, that's your second impulse up. That's your first impulse up into some kind of higher time frame key level, which we called by the way, yesterday. And then price to break lower. So right now if you get another sweep, this is going to just, you know, trick everyone into thinking, oh, you know, you're breaking out of the trend line or whatever and people are going to start buying high and then price is going to immediately reverse, most likely and to trap all of the people that bought high here. Now what you need to imagine is once price reverses hard here, everyone who went long will either get liquidated or they'll be stuck in a loss and they eventually will need to get liquidated and price is going to come towards this drawing liquidity. Now there is also another possibility that if, again, I'm not expecting this to happen during the weekend, but if you break below this block right here, then returning back into this block is going to give you a resistance level to trade lower into that key level. So if you know, a setup develops during the weekend, then this is going to be your opportunity. But outside of that, this is just going to be a quick little update. This has been a really volatile week so far with a lot of points going upwards and a lot of points going downwards. I think next week is going to give you much more of a clear direction. Now that the Trump's tariffs have been put into place, the macro conditions are now set for, you know, lower prices. And speaking about macro, yesterday we held a two and a half hour long macro playbook masterclass for absolutely free with like 120 slides and like five to six different bonuses with flashcards, quizzes and stuff like that. It was all absolutely for free. If you have missed that masterclass and you would like to get access to the replay and perhaps get access to all of those resources, I'm going to put a link in the description box below that you can click if you want it. I'll keep this open for another couple of days so you know if you missed it and if you want it click on it. It's free, it's no bs, it's no fluff, it's just a two and a half hour long very in depth masterclass. But otherwise if you enjoy these analyses from the smart money perspective on crypto then make sure you subscribe. Click the bell notification because I will be coming to you guys with many more videos and updates moving forward. We have played the last two three weeks basically perfectly and I will continue delivering or at least I will try my best but otherwise see you guys in the next one. It's just a quick one. Enjoy your weekends guys. Bye bye.
