UPDATE: The Next Move For Bitcoin Is...

16 Aug 2023 · 10 min
9:32

In this market‑update video, the presenter from The Art of Crypto delivers a detailed technical analysis of Bitcoin and Ethereum, outlining both bullish and bearish scenarios for each asset. The video begins with a promotion of a free trading course called Trading Accelerator, emphasizing its focus on liquidity concepts, order‑block marking, and price prediction. For Bitcoin, the host discusses a bullish case centered on a recently filled order block on the 4‑hour chart, presenting a high‑reward (19:1) trade idea targeting $35,000, while also acknowledging the risk of failure. The bearish outlook highlights broken range structure, consistent lower closes, and buy‑side liquidity sweeps that could drive price toward $27,000–$25,000. The presenter stresses objective market reading over personal bias. The analysis then shifts to Ethereum, noting its weaker state relative to Bitcoin. The bullish scenario mirrors Bitcoin’s setup: a candle close above $1,880 followed by a retrace into an order block or fair‑value gap, aiming for higher highs. The bearish scenario is already in effect, with order blocks, liquidity sweeps, and fair‑value gaps suggesting a decline toward intraday target $1,786 and swing‑trade targets of $1,650, $1,596, and $1,425. Throughout, the host emphasizes that trading success depends on the quality of decisions rather than trade frequency. The video concludes with a reiteration that both assets are currently “boring” with no major changes.

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