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Bitcoin rejected from key trend lines following Trump speech
โThe markets are reeling from Donald Trump's speech last night. We have some key levels that we have identified, and it looks like Bitcoin rejecting straight from our trend line. We're going to talk about that in a little bit. We are running out of space for Bitcoin to make a major move. You can see one, two, three, four daily candles... the next four or five days, Bitcoin is going to have to make a major move.โ
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Easter weekend liquidity gaps threaten violent market moves
โWhat happens on holidays and weekends alike? Well, obviously the markets close, right? Low liquidity. Very, very low liquidity and a lot of violent moves are going to be had. So I would not be surprised to see Bitcoin... it is either going to make a big move to the upside, big move to the downside. I am still bullish as long as we can keep Bitcoin above this range.โ
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Drift Protocol hack triggers major Solana ecosystem sell-off
โSolana down almost 6%. We're going to talk about the hack that happened, Drift Protocol. Major, major dex on Solana. It is now down 40%. We're going to talk about the fallout. Zach XBT, he is pissed at Circle. Very pissed at Circle, Drew. I got out of Drift, I think, it spiked over $2. I think it even went to $3 at a point, but seeing it where it's at right now, I mean, absolutely craze.โ
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Trump's Iran escalation vows sent oil prices soaring
โBitcoin dropped 67, US futures down, meaning the stock market was down 1.5 percent, gold was down 2.7 percent, and oil spiked almost 10 percent here. Tons of major news outlets signaled Trump would be winding down the war. And what he did was basically say this could go on even further. Bitcoin falls on fears of escalation here. We now have fresh concerns about escalation of the war in Iran, reducing demand for risky assets.โ
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Extreme retail fear signals a potential market bottom
โI feel like we are forming a bottom, and I don't give so much credence in my mind to that crazy washout down the $30,000. And now I'm starting to see chats in YouTube channels go sit call for $10,000, $15,000, $20,000. I think that's copium at this point. It is a very good bottom sign, and we're holding above $60,000 while the president of the most powerful country on the planet is talking about sending a major nation into the stone age.โ
