#Bitcoin: Pay Attention To This Pattern. It Will Be KEY | #BTC Weekly Update
In this weekly Bitcoin market update, The Art of Crypto delivers a concise technical analysis focused on price patterns, key support and resistance levels, and potential breakout scenarios. He emphasizes the fractal nature of markets, identifying a current $42,000 bottom and warning that a break below $40,600 could trigger a decline toward $35,000‑$30,000. He outlines bullish targets: a breakout above $50,000 leading to $53,400‑$53,500, then a supply zone around $55,700‑$56,300, and a longer‑term bullish threshold near $59,250. The analysis hinges on CME futures imbalances, explaining how these gaps tend to fill and drive price moves. Two scenarios are presented: a bullish path if the $50K‑$53K levels hold, and a bearish path if price falls below $46,900, with support around $43,200‑$44,300. He concludes with a short‑trade idea, notes that true bullishness requires breaking $52K‑$60K, and promotes his Twitter, longer‑term analysis video, a range‑trading tutorial, and a paid private trading group. The tone is instructional and confident, aimed at active traders seeking actionable insights.
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Welcome back to The Art of Crypto, the birthplace of absolutely legendary gains. In this video, we are just going to do a very quick update on Bitcoin. And you know, I like to do Bitcoin updates on the first day of the week so that you guys know what to expect throughout the whole week. So this is just going to be really quick update Bitcoin. If we have a little bit of time, we'll look into Ethereum. But otherwise, right before we dive right into it, if you haven't already followed me on Twitter at _TheArtOfCrypto, you are going to want to do so. This is where I'm sharing, you know, trades, market updates, basically just if you want the latest stuff, you know, anything that I might be looking at, it's going to be on Twitter because sometimes I don't have some time to make a video. So Bitcoin immediately, you know, if you want to watch the long-term analysis on Bitcoin, what I think is going to happen to Bitcoin, are we in a bear market or whatever, link the video in the top right-hand corner, so definitely check that out if you're interested in a longer-term view of Bitcoin. This one is going to be a bit shorter. And you know, it's really funny how fractal these markets are. And fractal basically just means like the market likes to repeat things that it's done before. You know, you've got, you know, something like this going on. Uh, a lot of people are ready to write off Bitcoin to go back to $20K at this point right here. You know, Massive heads and shoulders. A lot of people are ready to write it off, and look what we have next, right? We get a similar pattern. Very, very likely people are going to start writing this off as well, and they are gonna get wrecked. Let's just say that. So do I think that $42K is the exact bottom at the moment? I do believe so. Again, go watch that long-term analysis video to understand why I think so. And the only, you know, really big sort of warning sign for Bitcoin is If you were to break about $40K, $600K, right? If you were to break this level right here, um, then it would be, you know, it would be dangerous. But other— like, before that, no. If you break this level, there's a very good chance that you're going to go back to this zone right here, um, between $35K to about $30K. More likely than not, it's probably going to be something like that. So let me just mark the levels down, you know. And you will only revisit these areas right here if you were to break below $40,600. So definitely pay attention to that. Until we do break that level though, we are honestly not bearish at all. Okay, you have just filled in this bullish order block right here. I keep saying it, I've been seeing this coming for a while now. I had a limit order set for like 2 or 3 months, and you know, we finally filled it, and now it's time to continue on with the plan. So that's going to be like a higher time frame analysis on Bitcoin and why I don't think like there's any reason to panic at all. Like, sure, we might continue to range because December, you know, there's Christmas, everyone's on holiday, the financial institutions are probably going to be closed. And, you know, as you guys know, the market makers run the show. And if you don't believe, you know, what I'm saying about market makers running the show, well, I can tell you straight away that, you know, all these little movements of Bitcoin, especially when it comes to a range, um, they tend to play out. And, you know, if you guys watched that video recently where I made about the fact that Bitcoin, after breaking through this range right here, it was going to come back down to go back to the mean of the range, right? Mean deviation. If you guys, you know, want to learn more about how to trade a range and how not to get wrecked in a range, then I'm going to link a video on the top right-hand corner as well. Make sure you check out that video and you will see that everything I have said— well, at least most of the things that I've said in that video has been coming true so far. So right now, Bitcoin, let us figure out what is next. In my opinion, right, this is something that is forming right now, and I do believe that Once you break out of this, this is going to be you know the breakout that we have been waiting for and the target for this breakout again. By the way, I am on the perpetual futures chart on Binance. So if you're on a different exchange, maybe you're using spot, you're definitely going to want to use a different chart. Okay, just translate it to your chart. Basically, that's what I'm saying. So in the event that you do break out of this pattern right here, which in my opinion is going to come somewhere at about this level right here. So Definitely going to want to mark down this level, which is 50K. Once you break above 50K, you are going to attack. First off, you're going to take out this previous high, right? So what's going to end up happening is— again, I'm not saying this is going to happen this week, okay? But if you see the signs, then you know, you watch this video so you know what to expect, right? You take out that high, come back down to retest the trend line. That could happen there or there, you know. For simplicity's sake, let us do 50K. But of course, it could always look like that, right? Something like that. And then you're going to go to $53,500 or $53,400. So the reason why it's going to go to that level right there is if you go onto the Bitcoin CME futures, you can see that there is a nice point of imbalance right here, right? I know there's a wick down here, so this is technically not a CME futures gap. But regardless, similarly to how it looks on the BTC CME futures it will look the exact same on, you know, just normal Bitcoin as well, you know, except the gap is going to be a little bit smaller, something like that, right? But something you have to understand is regardless of what kind of a market condition it is, CME futures, Bitcoin normal futures, whatever, imbalances tend to get filled like eventually, okay? So this right here, this block right here, it will eventually get filled. Does that mean we are going to go back to $55,700? Absolutely. And if you want to understand more about why these imbalances get filled, Simply put, right, whenever you get an imbalance in— when you have like a significant imbalance compared, like, in sellers compared to buyers, or like, you know, if your chart is going up, for example, over here, right, then you're getting way more buyers than sellers in that moment. So especially in this case right here, once you get a massive, like, straight-up move, you like, okay, the sellers are like— you just get imbalance, right? The buyers that really wanted to buy and accumulate, which I'm talking about the market makers, they would not have had a chance to get in on here, right, at this point right here. So they have to mitigate their positions by filling in the imbalance, right? Always happens, always have. If I go zoom out to a higher time frame, you know, many people would have thought we would never go back to this area right here, but you know, alas, check out the imbalances, always gets filled, right? And check it out, I was calling this back then in my videos, but I was saying this area right here, you are going to get rejected right at $53K. And, you know, that's exactly the level that you get rejected at. So imbalances always get filled one time or another. You know, we might go for another leg down, but eventually we are going to come back up to fill that imbalance. So then you might argue, what about these? What about these imbalances, right? Super imbalanced, right? So are we going to go back down to $10K? You know, doesn't work like that. But now, you know, just in the immediate short term, I do think that as long as we get a break above $50K, this is sort of the scenario that you can expect. And is it going to happen this week? I think, you know, hopefully it will. Hopefully, uh, because, you know, everyone's getting bored of like just a down-only market. So something like this is going to happen. Definitely mark it down on your own chart. But on the inverse side of the equation, if you do break below $46,800— sorry, $46,900— that is probably not going to look too pretty for Bitcoin, right? Chances are you're going to go down one more leg. And in my humble opinion, you know, you're going to find some kind of support at $43K, right? $43,200 to about this zone right here, right? $44,300 to $43,200. You're going to find support there. So if you were looking to get some Bitcoin, you know, definitely pick some up here, you know, reason I stumbled upon this level is not only is this a bearish— sorry, a bullish order block, but you know, it's previous very significant support and resistance on the daily chart. And in the event that we get there, you know, chances are very likely you're going to get a bounce, assuming that this low right here is protected, this low right here is protected as well. Again, if you want to understand what protected lows and protected highs mean, video on the top right-hand corner. But assuming that this low is protected right here, you know, you are going to form a higher low on the daily chart, right? This is going to be your previous low. I don't really want to consider this the previous low, but alas, that is what we've got to work with. So we just have to consider that the previous low. So if you form a low somewhere here, that's going to be your higher low compared to this, right? I know this is going to be a lower low compared to this, but what I'm looking at is more of on a macro scale, right? If If you go onto the weekly chart, for example, so you're going to get a higher low here, and then chances are you're going to get rejected here, something like that. But then that will be the bottom, okay? And then you're going to start going up. So regardless, right, it's going to go up, right? It just depends on when it's going to happen. And right now I've given you, you know, both the bearish scenario and the bullish scenario for you to prepare for whatever happens, right? Because over here at this channel, we are grand strategists and we want to be prepared for either scenario. Know, either direction. And before I leave you off with a final trade, which is going to be very important to piece everything together, if you simply want to follow along with all the gems and all the market updates that I have been calling, following along with the $1K to $10K challenge, all the, you know, trades that I might be doing including the sniper trades, as well as get access to the trading course which I am currently in the process of revamping, then you're going to want to check out the private group. In the description below. We are making money, you know, pretty much every single day. This guy absolutely made a killing. So if that's something you're interested in, make sure you check it out over there. I go way more in depth about these educational topics. So yeah, the last trade that I want to talk about before I leave you guys off is a short. Okay, so the thing about Bitcoin right now is if you go back onto the daily chart, it is not bullish yet. Okay, we are far from bullish until you break $52K, right? $52K, until you break that level You're really not bullish. And even if you break 52K, this zone right here is such a strong zone of demand— sorry, supply. So once you hit 53K, expect rejection, okay? That's going to happen. And once you hit, uh, this level as well, 55,700 to give or take about 56K, 56,300, right? Give or take. Yeah, this is just give or take. Once you hit that level, expect really strong rejection as well. In fact, if anything, You know, I might even expect Bitcoin to, you know, just do a fake pump up here and then, you know, start dumping to take out the liquidity here. This could be something that happens as well, okay? Until you break like $60K, like $59,250— I know that sounds really far away, but until you break that level, you are not truly, truly bullish, right? If you break this one, yeah, you're short-term bullish, right? That's going to be a good sign. Hopefully you form a higher low, and then You proceed to come here. As long as we keep getting high highs and high lows, this is something to expect, okay? As long as you get that, I'm going to be bullish on Bitcoin. But otherwise, you know, this is the true level to watch for, as well as $52K, right? $52K, you're short-term bullish. But otherwise, you know, this is a massive zone of supply that we have to overcome in order to continue our path of the bull market. And if you ask me, I think that's going to happen. I do not think the bull market is over. Again, long-term video is Up on the top right-hand corner, and you know this time could come sooner than you think, probably in January or February. So make sure you subscribe, drop a like on this video if you want to continue receiving these kinds of market updates for Bitcoin. Gets really in-depth, I know, but this is something you're interested in. Make sure you subscribe. Fernando made again to be with you, my friend, and peace.
