Bitcoin Market Update and Trading Strategy

Imminent Bull Cycle

• Bitcoin is on the verge of starting the last phase of the parabolic bull cycle.
• An important event awaited to finalize the bull cycle and debunk Bitcoin bears.

Personal Trading Insights

• The speaker has a significant open trade on Bitcoin worth 17 million USD.
• Current profits are at 7.5 million USD.

Market Analysis

• Bitcoin is currently coiling up and facing resistance on the daily candles.
• Frequent testing of resistance suggests a higher likelihood of a breakout.

Key Resistance Levels

• A critical resistance level to watch is 64,500 USD.
• Confirmed breakout requires a daily candle close above this level.

Price Targets

• A daily breakout above 64,500 USD confirms a W pattern with a target of 77,000 USD.
• Breaking 73,000 USD, the previous all-time high, is crucial.
• Overcoming the cup and handle pattern's horizontal resistance is vital.

Trading Strategy

• Wait for confirmation of a resistance break before taking action.
• Scale up trades only after confirmation of the breakout.
• A deposit bonus of up to 30,000 USD is available, potentially usable for trading.

Recommendations

• Trade only if experienced; otherwise, buy and hold strategy is advised.
• Enjoy the potential profits from the anticipated bull cycle.

Conclusion

• Stay patient until the daily resistance is definitively broken.
• Potential for significant market movements once confirmed.