UPDATE: This Week Will Be Important For Bitcoin….

8 Aug 2023 · 12 min
12:12

In this solo market‑update video, The Art Of Crypto provides a detailed technical analysis of Bitcoin and Ethereum, outlining both bearish and bullish scenarios for each asset. For Bitcoin, the host revisits last week’s bearish outlook, explaining that a confirmed change of character has filled a bearish order block on the daily chart, suggesting a likely move toward the $27,000 area. A bullish alternative would require a daily close above the $30,050 high, after which a new bullish order block could form and drive price toward $31,800 and eventually $35,000, though the host deems this unlikely within the remaining summer weeks. The discussion includes market‑structure concepts such as range deviation, liquidity sweeps, and volatility cycles, emphasizing that price moves from low‑volatility periods to high‑volatility bursts. For Ethereum, the analysis mirrors Bitcoin’s framework: a recent sell‑side liquidity sweep below a key level keeps the asset in a “no‑man’s‑land” zone. The host advises staying out of trades until a decisive candle close occurs. If a close above $1,880 happens, a bullish retracement could target $2,120 and $2,530; otherwise, a bearish move could see the price test short zones around $1,835‑$1,846, with primary targets at $1,787‑$1,790, $1,730, $1,650, and a deeper mid‑term low near $1,100. Throughout, the presenter stresses objective reading of market signals, warns against chasing bullish narratives when the market is bearish, and highlights the importance of trading the extremes rather than the choppy middle. The video also promotes a free “Trading Accelerator” course that teaches order‑block theory, liquidity concepts, and profit‑target setting, urging viewers to join the waitlist. Calls to like, comment, and subscribe are interspersed.

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