 Awesome, let's do it. Ladies and gentlemen, welcome back to another Let's Talk Crypto. This is actually episode number 20. Today is Monday, July 10th. It's two o'clock Eastern Standard Time, and I'm here with my host, the BTC Queen. How you doing? Hey, hey, all good. Episode 20, wow, milestone, moving on up in the world. So that's awesome. Yes, definitely. It's pretty good so far. It's Monday, it's a good day. Are you doing anything interesting today, Jay? Today, not really. I've basically been trading. I woke up, started trading when the market opened, and that's basically been it. I've been doing some charting. I've been looking at the charts. I've been doing some updates. I've been putting up updates on the new social media app threads. Are you on there yet? You know, it's very buggy from, I downloaded the app, and then I didn't sign up because apparently, if you ever want to delete the app, as of right now, you have to delete your Instagram. And basically just data mines, all this stuff it doesn't need. It was just not great from what I saw, and I was like, uh, I don't know. Yeah, I definitely get it. What was the experience of it? It's been all right. I think the feed is a little weird. There are some things that are a little weird, but I think that's all part of it. It's weak right now. That what? It seems weak right now. I mean, it's very, it just launched, so I'm sure it needs to be tweaked, but... Oh, 100%. It's not Twitter, right? It's not Twitter, but what I like about it is that since it's basically connected to your Instagram, you don't have to start from scratch to build a following or whatever it is. So a lot of my Instagram following is just kind of transferring over to that, so it gives you a base to kind of build on. And yeah, I think it's been, like I've been getting a lot more engagement on there than I've been getting on Twitter as of late. So, I don't know, I've only been on it for probably like three or four days now, so I haven't been on it a super long time and I haven't really used it too much. I've made it like probably like four or five posts on there, but I mean, it seems all right so far, you know? I can't, there's definitely a lot more that needs to be added to it to really make it a good experience if they wanna have a shot at going up against a Twitter, for example, but I definitely see a world where they can coexist and kind of be for platforms that serve different purposes, so. Right. Yeah, I think, I mean, I guess we all know about how Elon Musk and Mark Zuckerberg wanted to do that ring match. I think they chose a date and a place, I believe as a blade. Really? Yeah, they had agreed to do it at like some like UCF, the like thing, I remember seeing it. It's funny. And that was right after Threads came out and there was a letter to, basically like a cease and desist letter sent to Mark Zuckerberg from Elon slash Twitter's lawyer because it was basically copy-paste of Twitter and yeah, Elon didn't like that. He's like, I paid $44 billion for this app and usually copy-paste is not cool. So, yeah, very interesting, very interested to see what pans out here because I don't know. Yeah, I saw, I saw a meme that said Threads was built using these three keyboard buttons and it's the control of the C and the V. So that was pretty funny. Yeah, that's going around for sure. That's too funny. Yeah, so let's get into some crypto. As you guys know, the price of crypto usually goes up throughout our live streams. Let's see if that happens again today because it's been basically ranging for the most part here. As you can see for sensitivity, since the 23rd of June, we're basically, we've been stuck in this range, right? Where we've been basically bouncing around that $29,000, $30,000 range and we've gone up as high as that $31,000 range. So we've been kind of stuck in this range, right? Let's take a look at what the overall market, what's going on in the market, how things are looking overall and as you can see right now, Bitcoin's price is at $30,262. If we go over to Coin Market Cap to see what the markets looked like for the last seven days and it gives us a general idea, right? Bitcoin's down about 2% in the last week. Ethereum down about 4%, almost 5%. We have, let's see what else, any other big numbers? We have Solana has actually been rallying. It's up over 9% in the last seven days. We also have Litecoin is down 11%, almost 12% over the last seven days. Matic is up over 4% in the last seven days. And those, Solana and Matic were some of the cryptos that were mentioned in that lawsuit against Binance and Coinbase. So it's pretty interesting that while the rest of the market is down, those are starting to rally back up. Cause I think they kind of, there was an initial overreaction probably on those and they're just kind of catching back up with the markets probably. It seems like that's what's going on. Yeah, the thing that happened to XRT whenever that lawsuit came out, it like dumped really hard and then it pretty much ricocheted back to where it was and then some more. Right, exactly. So, so yeah, as we just kind of go down the list, you know, you can see for the most part in the last week, the market has been down. And that's not only crypto but traditional markets as well have been read probably over the last week. Now, if we look at the top gainers and losers over the last seven days in the top 100 market cap, you can see Solana is at the number one position right now up over 9% of 9.5%. We have Leo token up 6.4%. Polygon up 4%. Curved out up about 2.5%, Avalanche 1%. So not really too much going on on the top loser side. We have Flow down 18.5%, Beppe down 16.5%, Phantom down 16.5%, the Graph down 14.5% and Apecoin down 14.3%. So that pretty much gives you an idea of what the overall market, what it's been looking like. There really hasn't been too much going on. It's been, and as you can see from the chart itself, this is a four hour chart and we've just kind of been in this range, right? We've been going up and down, up and down between 30,000 up to 31,000. And I think for the next day or two, we can probably expect something similar. However, on Wednesday, things will definitely change because if we look at the economic calendar here, you can see what's going on on Wednesday. It is inflation day, right? The inflation reports come out and this year, this report, CPI week has basically been igniting the crypto markets overall. So if we kind of take a look and if we remember back, if we click here real quick, you can see that we've done, ever since we topped out at 9.1% here back in June of last year, we've gone one, two, three, four, five, six, seven, eight, nine, 10, 11 months in a row of drop in inflation. And for this week, for Wednesday, consensus is that it continues to drop by another 0.9%. So it's supposed to be dropping from 4%, which is what came out on the report last month, to 3.1%. That's what the consensus is. That's what the market is expecting. So as usual, when the report comes out, if it's worse than the consensus, markets usually react bearish towards that. If it's better, then usually they react more bullish towards it. So we'll have to see, and you also have to be prepared because usually there's an initial reaction and then there's an after reaction and it could be moves in completely different and in opposite directions. So be prepared for that on Wednesday. That's definitely going to be the biggest thing happening this week. And historically speaking, if we kind of take a look back at, what has happened during CPI weeks this year? Cause like I mentioned earlier, CPI week has been igniting the crypto rally. So it might not be the only reason that crypto has been going up, but there is a pattern here. And if we look back January, Bitcoin during CPI week, Bitcoin went up 25%. February, during CPI week, Bitcoin went up 14%. In March, Bitcoin once again, up 25%. April, up 9%. June, up 1.5%. So June, which was last month, not really too much movement, but it did still end up green. And I did skip a month and that was on purpose because in May was the only month this year where Bitcoin ended up in the red during that week. It was down 5% that week. But if you remember, there was a lot of things going on in May. So it might not all have been just on the CPI. What else? Yeah, so that's basically the main thing that we're going to be watching this week. I think that's going to basically set the floor, set the stage for what the rest of this week is probably the way it's gonna play out. So we gotta be ready to see what happens there. And I think that is what's going to get us out of this trading range here potentially, right? Cause we could see an initial reaction or a push either to the upside or downside within a reverse and then kind of right back where we started trading within this range. So we've seen that back here where we had a big push down here to the 29,000, what was it, 400 range. And we saw it up here where we had a big push up to the 31,500 range and both times that reversed all the way back. So basically what we're watching, right? We have to kind of see and reevaluate once we get that news on Wednesday. So I think it's time to dive into some news. Are you ready for some news? Let's do it. All right, let's get it. All right, so this week, nothing, I guess too exciting. There's a lot of drama. Probably the most exciting thing that happened was around Arkham, but yeah. So first and foremost, let's kind of retrace some of the stuff that I guess lingered from last week into this week. So we talked about BlackRock and their ETF and the Chicago board of NASDAQ speaking to the SEC and then basically saying like, hey, there's information missing. We need this information. You are more than welcome to resubmit the ETF as long as we have this information, right? So pretty much they filed, they ETF again, they refiled and they included their surveillance partner as none other than Coinbase. So Coinbase, I believe they were doing Coinbase custody and that was, I believe in the original ETF filing to begin with, but I guess they needed the specific verbiage of using saying surveillance partner, which I guess custody and surveillance, maybe they're the same thing. So let's see what happens there. Again, very interested in seeing how this affects this lawsuit. It's seemingly enough, you know, they probably have like different entities that they operate by when they do these things, but it's just wild, just absolutely insane. Yeah, absolutely insane. I saw today the ex chairman of the SEC was, he was saying that the Bitcoin spot ETF that he thinks that it should be approved. So that was just recently, earlier today, he was on live TV and they basically asked him about it and he gave his opinion and thought on it. And he was saying that, yeah, that he thinks that it should be approved, that there's no reason for it not to be approved. So yeah, that's something I saw earlier today. Okay, well, let's see. Let's see what happens there. So let's go from Coinbase to Binance. So Binance, I guess in the midst of facing all this litigation, initially it was rumored that some of their executives were stepping down and then it was reported that they are basically cutting down workforce, mostly within the US it seems since operations are fizzling down because they are facing regulatory scrutiny and all the stuff that's going on in court. So that was to be expected. To be honest, it seems that Coinbase because they stand a little more strong in their case, they are not the same. Interestingly enough, for the past few weeks, coins on Binance have been selling cheaper than they have been anywhere else. So Bitcoin was selling I believe for $26,000 just yesterday on Binance US. ETH was at like $200 under, a lot of assets were undervalued on there. So it was some nice arbitrage that existed. However, it's not like they could do, it's not like new customers could have been onboarded and I don't think that customers that had existing funds on there could also get their funds off. So it was one of those things where that's what was happening on the platform supposedly but you really couldn't take advantage of it which I thought was kind of a viable to see that gap in arbitrage. But anyways, moving on to some gossip. Crypto Twitter has been gossipy lately. So apparently, SVF turned down a $100 million deal with Taylor Swift, which in my opinion, I don't know why the hell anybody is even like talking about this. It just seems like they were the gaslighting this guy or Taylor I guess in the sense because it just seems crazy. So I guess FTX was supposed to have Taylor Swift be one of the celebrities that endorsed the exchange. And there was a deal on the table that she had already accepted for $100 million and she was gonna do it. And then SVF apparently came along because he was seeking vengeance against, I guess a friend against Taylor Swift and to turn the deal down. Now, I don't know why, again, anyone is bragging about this. I don't know why anybody is bragging, especially SVF because this is an SVF problem. Anyone is bragging about SVF turning down giving Taylor Swift $100 million when your exchange went bankrupt. What are you talking about? Why is this something to gloat about? It was just beyond me. And I thought that was funny, if anything, and sad because it's like, what are you doing? Anyways, supposedly they got, I think it was $7 billion that they found. I don't know where they got $7 billion back. Let's see if there's something that gets resolved from this whole process of retrieving money and let's get some consumers their money back. So interestingly enough, with this new movement towards these Bitcoin ETFs, BlackRock, specifically the studio Larry, shipped his narrative from the cryptocurrencies being completely malarkey, pretty much. To now he called Bitcoin digital gold. He referred to Bitcoin as digitizing gold. And with that, that has set a trend in the past week that has ricocheted and pretty much has removed the connotation of Bitcoin and proof of work and it being bad and this terrible thing in the media to Bitcoin saves lives. Bitcoin saves people escaping from Sudan. Bitcoin is actually environmentally friendly. It's absolutely insane how this has happened overnight quite literally and nothing has changed, nothing's changed. It's just that there's a big company now that needs people to invest into this ETF that they have. So of course, writers are gonna be on their side and it's quite the example of how the media is controlled and manipulated to serve a narrative, whatever narrative that is in the moment. So remember this guys, just remember this moment because it's real. Yeah, it's been, it's been, wow. And I just posted a video the other day. I think it was on JP Morgan and Jamie Dimon when that he was saying, I think it was like one or two years back, I forgot when exactly it was that he was saying that he would never buy Bitcoin that if any of his traders were caught buying Bitcoin or anything like that, they would immediately be fired. And so the price of Bitcoin during that time dropped like 24% or whatever. And at the same time, it was found that JP Morgan was the biggest buyer of Bitcoin during that time. So be careful with the news. Oh, we understand. Remember that manipulating media is not, it's in that gray area. It's not considered insider trading, right? It's not really especially in crypto. So you have to be very, very careful if you make decisions based on media based on news events, because a lot of the times they're just trying to, it's smoke and mirrors. They're trying to get, scare you off basically so that they can get in for a lot cheaper. So definitely something to always be watching. Yeah, it's irrational to think, because two years ago, they had their private blockchain. They had that JP Morgan coin that was already like something that was circulating within their ecosystem. It is insane to think that someone who has their own digital asset built on technology to think that they will also be against that thing. If you guys ever see stuff like that, same thing with Goldman Sachs. Goldman Sachs, they were also one buyers of Bitcoin, but then more buffets like, oh, Bitcoin bad. Are you insane? Connect the dots, it doesn't make any sense. JP Morgan granted much worse example because they actually not only invest in the asset, but also build using the tech. And that's just crazy. So just remember guys, there's a lot of, a lot of these people you see in the news excited and saying things about assets, our chances are they're just not true and quite sad. So there's that part. Yeah, so let's see how things go moving forward. Bitcoin overall looks very, very bullish. It started off the week strongly, Jason earlier, and we'll get into the market analysis later, but don't be fooled by these con artists, be smart. So crypto.com, oh, we love crypto.com. So crypto.com sent $50,000 to a user last year in 2022 in June. And they, I guess it was by accident, they sent him too much money. And now they want $76,000 back. What? That doesn't even make sense. So they want the $50,000 in return, plus they want them to pay legal fees pretty much. So apparently, supposedly initially crypto, I remember hearing about this, crypto.com had contacted the person and asked them to return the money. And apparently the person refused to return it. And now, now since they never returned it, or refused to return it, pretty much crypto.com is like, hey, you need to give us our money back and you need to pay for all the legal fees for our lawyers. So they want a total of $76,391 and $50,000. 46 cents, which the guy has declined to do so. He's like, you don't get to have that. That's right. Yeah, so I don't even know. Apparently they may try to figure something out. You know, it's not the first time that crypto.com has done this either. Like it's probably the second or third time they have accidentally sent people too many zeros. So there was this lady in Australia, they send, she was owed a hundred Australian dollars. They sent her $10 million. Wow. Like she was doing this. That's insane. And they didn't notice until seven months later in an audit, you know, like it's like, you guys, it's just absolutely wild. It's like, oh yeah, $10 million, no problem, gone. It's like. I need them to send me one to make one of those mistakes with me, geez. Yeah, not great. Yeah, so the problem is, I think the lady actually ended up spending a lot of that money. She bought like a multi-million dollar home and stuff. And then, but she was arrested because it was considered theft. Yeah, but she posted bail and I think they're awaiting trial. Yeah, I don't know. Crypto.com is fucking up. That's all I got to say. All right, next story. So I guess the last thing that we're gonna talk about today is going to be about Arkham. So Crypto Twitter has been talking about Arkham for the past, I guess, day or so. It looks like their new Docks to Earn surveillance program is just coming fresh off the press. It's funny because people are making fun of them because they made a typo in the video when they released it to Twitter. Blockchain was spelled wrong. Anyways, so pretty much they will give people the ability. I guess it's a way to help analysts, like blockchain analysts. And people are afraid that people in exchanges will use this, even though the information is like technically already Docks. If you're using a KYC exchange, it doesn't make any sense to be afraid of information being Docks. You shouldn't be using one if you're trying to hide anything, guys. It's like a robber going to their bank and robbing it using their credit card. It just doesn't make any sense, right? So let's not do that. Anyways, so pretty much their new surveillance program gives a savvy blockchain analyst the ability to be paid to basically Docks people's addresses. So for the most part, Ethereum is not really private. So really like things like Monero and maybe Zcash, Bitcoin is a little harder to trace as well because of all the addresses. But these things are not easily, I guess, identifiable if you have privacy coins or use privacy chains. If you're using something like Ethereum, I mean, your information is all out there. And people, a lot of people use their Dock Eats and their Dock This and their Dock That. A lot of people use exchanges that are KYC compliant to onboard. So for the most part, I don't think it's like a super scary thing. Some people are actually like really afraid and they're like, okay, government. They're basically calling Arkham the government. But I think that these things are useful for the purpose of trying to find out who scammers are in the space and stuff like that. And it's not, again, it's kind of just like giving people the ability to backtrack and like monetize analysts more than like, hey, here's a service, it's free. It's not free, it's literally for people like who are willing to analyze. It's kind of like a, it's just like a marketplace pretty much. So I don't think it's anything crazy. Like the more I think about it, at first I was just like, oh, that's kind of weird. But at the same time, there's not because there's a lot of like shady stuff that happens in crypto. And it's important to figure out how to, I guess like Zach at XBT, he's probably the best example of somebody who does this. He sees a scam and he backtraces it pretty easily and is able to verify information pretty easily. And crypto Twitter appreciates that. But there's not a lot of those guys out there who are kind of just out of the public. So it gives people the ability to hire these individuals. So really, it's just a marketplace guys. Nothing scary. If you're not doing anything illegal, then you should be fine anyways. I think that for the most part, this is for people who are like legitimately scamming and wrong pulling people. And yeah, nothing to be afraid of, to be honest. So that's it. That's all the news we have. So remember, SVF turned down Taylor Swift. You can tell your mom. So that's it. Yeah, so not too much going on today. Well, this week, as far as news as you guys can see there. But what we're gonna do now is going to a price analysis here and see what's going on. And while you were talking, the price of Bitcoin went up. It went up about almost $100. So once again, and once again, while we live stream, the price of Bitcoin starts moving up. I don't know why. I don't know what it is that we're doing, but we're doing something right. Because as you can see right now, it's up about $100 ever since we started this live stream. So that's another W for us, I think. Yeah, so let's go ahead and jump into the analysis. Remember guys, if you guys have any questions about anything that we're talking about, anything in crypto overall, drop it in the comments after we do the analysis here. Then we're gonna go back and answer some of the questions that you guys have for us, if of course we have an answer for you. So without further ado, without any further delays, let's jump into it. So let's start off at the monthly, I mean, I'm sorry, at the weekly here. And we can see, because we just closed the week, last week, last week, we were down about 1.5% as far as for Bitcoin. And you can see overall, let me go to a bit of a clearer chart here. You can see overall, we've pretty much, we broke out of that falling wedge and we're pretty much back at this exact same resistance that we were at last time. So again, on this chart here, you can see the red line, the red box there, that's a resistance, right? Now, the bearish case scenario here is that this could potentially be a double top if we get rejected here and drop back down. So that's something that we need to keep an eye on. But overall, if we're just kind of taking the overall picture here, we can see that overall, we still have a very nice and healthy trend to the upside where we had set lows and highs and then we set up higher highs, higher lows, higher high, higher low. And then now we're trying to make that next move up to this next green box, our next target here, to set up a new higher high there. And then after that, then I'm sure the price will go back down, set up some higher lows again, and then continue its way up from there. Now, this is the weekly chart. So this is not saying that this is gonna happen right away. It's gonna play out within months probably. It'll be a months of time, right? It's not something that's gonna happen right away. Let's go in if we look at the daily chart here. We can see pretty much the same thing, but we have a better picture on what that range looks like over the last couple of weeks, right? Where we've just kind of been stuck here, right? We've been wicking down, we've been wicking up. And now, we're using that 30K, you can see $30,000 there has held up very, very well. And you can see also 30.8. It looks like it is around the range. 30.8 to $31,000 is what I would say has been a big resistance as well there. So that's basically where the Bitcoin's price has been ranging in. Of course, there's some deviations to the upside here. And that has to do a lot with liquidity levels. It has to do with the market makers. They're stop hunting basically. They know that if you're trading a breakout or if you're trading or you're trying to short the market, they're trying to take as much liquidity as possible, right? They're trying to liquidate as many people as possible as well and they do that by moving into the areas where people will either have their stop losses or people will have their breakout entries, right? So that's why you see a lot of times, like look at this move right here, this candlestick where we set up a new high. That right there triggered anyone that had a stop loss. Let me get my brush. If you had a stop loss set up right above this yearly high, guess what? That got triggered. So if you're trying to short this because you're like, hey, we're at a resistance, I'm gonna short this here and I'm gonna, and because I know the price is gonna drop back down to the $30,000 support. So if that's what you're trying to do, then what these people are doing, they're like, well, we know that a lot of traders have their stop losses there. So what are we gonna do? We're going to trigger those stop losses and then we're gonna dump the market. So now you're stopping out, anyone who was trying to short this move got stopped out there, right? The next thing is for breakout traders. So if you're looking to trade a breakout, you're probably looking at that yearly high. You're like, all right, that yearly high, I'm gonna set up an open long entry right above that yearly high. And if we break that yearly high, we're probably gonna continue up higher, right? That's a very common thought process. That's even a trade that I take a lot of times. And guess what happened? They were like, all right, we're going to trigger those long positions, those breakout entries and then we're gonna dump the market. So what just happened? The market triggered one, all the stops from the people that are short. If they're short, they're using that as a stop loss. That got triggered. So they stopped out of the trade. And two, anyone that had a long position above the yearly highs, those got triggered and then they dumped on them. So either they got liquidated or they got stopped out of their positions as well. So they just took up a whole bunch of liquidity. And that's usually what market makers are looking to do, to grab as much liquidity as possible, right? So that's when you see these deviations like we saw here right above the yearly highs. So now taking all that into account, now we're trying to figure out, okay, so we know where support is, we know where resistance is, which way, where can we expect this next move, right? And one of the things I like to look at is liquidity, right? So there's an indicator here called HTF liquidity and it kind of tells you, it shows you where there's potentially a lot of liquidity in the market, right? So the brighter green is the more that there is to the upside, the brighter red, the more liquidity there is to that downside, right? Now if we click on this chart that I have set up here, let me fix it really quickly here so that it makes sense. I think I'm zoomed in too much. All right, let me put that right there. All right, so the main thing, the first thing here, and I'm actually going to the four hour, I like to look at this on the four hour chart. So the first level that we're watching here is this right here, right? So this is where we are right now. This is a first more or less liquidity level. It's not that big, but there is some liquidity in this range between 30.4 all the way up to 30.8. And if you remember, we just spoke about 30.8 being a big resistance level, right? Where price has been rejected multiple times there. Now another thing that we need to notice here at this range is look at this big candle right here. So basically from here to here, which is pretty much the exact liquidity level, there was this massive candle to the downside. Now what happens when there's massive candles like this to the downside? Usually that gets filled, right? Those candles always tend to get filled back up because when there's a candle like this where it just drops straight down or goes straight up, there's a lot of liquidity left behind. There's a lot of orders that don't get filled because maybe price is moving too fast at those levels, right? So a lot of those orders don't get filled a lot of the times, which is why price eventually ends up retracing those moves. So that's one right there. And if you look, we saw it to the upside, this, there was a big candle there and two candles later, it got retraced that entire move. So, and you'll see that a lot. You'll see if you come across, look at this big red candle down and what did price do, it filled that back up before then going lower, right? Same thing, if you look at it, if you just keep going back in your charts, you'll see this over and over and over again, huge massive red candle and what a price do is slowly retrace all the way back up. And then look at this massive green candle, it slowly retraced all the way back to kind of fill that liquidity there. So we're seeing that same thing here. We have this massive red candle that has not been touched yet. This level has not been touched. So there's liquidity there. And that level goes all the way up to 30.8, $30,830. So that's an interesting level where I'm thinking depending on what we get on Wednesday, we'll probably see a move to that side, to that upside. And that'll be that first target, that first main target that we're gonna be watching for. Now, another thing that happens a lot that the market likes to do is fill these wicks. Whenever there's a long shadow, long wick in a candlestick, market also likes to fill them. And you can do the same thing, like if whenever there's been a wick, look at this wick here, there's a big wick, but the price still closed up here. But, and then after that, price came and filled that wick. Now, they don't always get filled 100%, but a lot of the times they do get filled at least halfway. So if we look back further, look at this massive wick to the downside. And we would say that the halfway mark is probably more or less around here, right? That's more or less the halfway mark of that wick. And look where price returned to that halfway mark. It hit that halfway mark and then it changed and continued its way, right? So taking that idea, we're looking at this wick right here. This is a massive wick to the upside that has not been touched yet. And as I'm speaking, price is still going up, guys. Bitcoin almost at $30,500. So we're up about $200 from when we started to show. But yeah, so that's why $31,200 is my next target here on a move up. Now, whoops, didn't mean to move that. Now, the next target that I have set up here is $31,555. And now this target is gonna be multiple things. There's multiple confluence for this target. The first one is this is 100% of the wick. If this wick gets retraced 100%, that's a target. The second one is if I move this out the way, you'll see there's a lot of liquidity there, right? This big green bar shows there's liquidity there, lots of orders there. And a lot of times the market likes to fill any areas where there's a lot of liquidity level. And the last thing is that this is the year to date high. This is a yearly high. So of course, there's going to be a lot of orders in this range. So that's why that's gonna be my next target there. And then my final target is gonna be this one right here, $31,700. And if you look, that's pretty much the brightest, one of the brightest marks of liquidity levels on the chart. And that's why I'm targeting that range there. And it is very likely for the market to push up, right? We push back up, let's say we have a bullish CPI inflation data report this week. It's very possible for prices to push up, push up, push up and break above the previous yearly high, right? And we spoke about what people like to do here, right? They like to deviate the range and break the high. So one, targets, it triggers stop losses for anyone going short. And number two triggers long positions for anyone going long. Then they go up here where there's a whole lot of liquidity, $31,700 and then retrace the move and stop out everyone that's long. So now you stopped out everyone that's short, you stopped out everyone that's long, you grabbed the liquidity from both sides. That's why that's an important level there because if they decide to do what they just recently did here to the traders in this move here, which was above this high, triggers the short stop loss, triggers the long traders breakout entries and then look at this candle, just completely retraced the entire move to the downside. Look at that, all the way down, right? If we think something like that could happen again, which is a very common thing that happens in all markets, not just crypto, then that's my target. My target's gonna be up here $31,700. And I think 32,000 is also a big level here. You can see there's a lot of liquidity there at $32,000. But I think if we break above 32, then there is a possibility that we continue up to at least like that 32.4 range, potentially even 32.6. You can see there's two big liquidity levels up there as well and if we break above it, we can hold 32,000 as a support. So I think that a move up this week will probably target that range there, that 31,200 all the way up to potentially a new high for the year 31,700, and then which is a big liquidity level there and then potentially dropping prices back down again. So that's pretty much what I'm watching for this week. Those are the main levels there. The way I'm gonna be playing it, I've basically been playing the $30,000 range pretty much for the past week or maybe even more, right? If we kind of look here, we have this $30,000 range here. Let me take off this. That's been just holding there, right? And I've literally just been scalping this range here. I've been buying there, buying there, buying here, buying here, buying all of this. I've just been literally entering long positions anytime price gets there at that $30,000 range. When there's been big fast moves like this one right here, I've just kind of been waiting, being patient, and then as the price went back up above $30,000, I've been then at that point buying. So I'm gonna keep doing the same thing if price returns back to $30,000 to that range. I'm gonna be entering long positions there until the structure gets broken. And I'm gonna be taking profits all the way up to that $31,000 range. I'll ideally wanna be taking the majority of profits probably before that $30,800 level. As you can see, it's been a big resistance level here while we've been in this range. So I'll probably be looking to take a majority of profits before getting to that level. And then once above that, once above $31,000, I might be looking to short if I see some sort of rejection like we've seen here with these big rejections to the downside, right? If I'm seeing, if I start seeing anything that looks familiar, that looks similar to this, I'm gonna be looking to open short positions, targeting once again the bottom of the range at $30,000. So that's pretty much what I'm looking at there for this week. That's how I'm setting myself up. I'll be looking long down here at the support and short up here at the resistance level. And just kind of, as long as we stay in this range, I'm probably, those are the two trades I'm going to continue taking. Now, if you're looking to trade other cryptos, the main thing you should be always watching is Bitcoin. Bitcoin's chart is the most important chart to watch even when it comes to other cryptos because for the most part, everything else follows Bitcoin. So if we look at Ethereum right now, Ethereum, look at this chart. It looks just like Bitcoin's chart, right? They look very, very similar. And that's because for the most part, they're always gonna be following, right? The majority of the cryptos are gonna be following the overall move of Bitcoin. Now, what the other cryptos do is that they usually exaggerate Bitcoin's moves. So if Bitcoin moves up 1%, other cryptos might move up 2 or 3%. If Bitcoin goes down 1%, other cryptos might drop 2 or 3%. So it just depends. It has also a lot to do with Bitcoin dominance. So if Bitcoin dominance is up like it is right now, Bitcoin's for the most part outperforming outcoins. Of course, there's always exceptions to that rule. As you can see, Solana has been outperforming Bitcoin over the last week or so. But for the most part, this always remains true. So those are kind of things to keep in mind. That's pretty much what it is that I'm going to be watching here. And that's how I'm gonna be playing it. So now if you have any questions about anything that we just spoke about, that we just covered, drop it in the comments and then we'll be more than happy to answer those for you guys. Queen, what do you think about Bitcoin's price right now? While we've been live, it's gone up $200. What are we possibly, what is it that we're possibly doing that's causing this reaction to the price? What's your expertise, expert opinion on that? We're having people fomo in and buy it on that price. That's what's happening. People are hitting that buy button. They're like, oh, they're live, buy, goodbye. Which is good, it's not financial advice. It's not financial advice. But every time we go live, I would buy. Yeah, I think whenever you see that our stream is starting up, just open up a position to the long side, right? And then as we're ending our stream, then close that position. And I think in the last month, if you would have been doing that every single time, you would have been making some profit. So that's definitely very interesting. And we're gonna keep monitoring this and it might have to create a trade alert anytime we go live if this continues. So yeah, it might be the best performing trade indicator if it continues like this. So yeah, so if you guys have any questions, post them up now. If not, we'll be wrapping things up. Let me take a look. I don't know if you have any questions. Nobody's posted anything on the chat yet. I had some on Instagram, but I can't, it looks like it already disappeared. Is there a way to pull it back up? Let me see. There used to be a way that you can pull it back up. I don't know if you can still do it. I did get a question on threads yesterday though. They said, and I thought it was a pretty funny question. It was, what was it? What, let me pull it up real quick. It was about Ethereum and Bitcoin. And it was, where is it? Where is it? Okay, I said, what has better tokenomics? Bitcoin or Ethereum? That was a question that I got yesterday on threads. What do you think about that? What tokenomics, Bitcoin or Ethereum? Well, not Ethereum because technically there's no max supply and I guess supposedly the burning of the money does something, but you're just burning, I don't understand. Like I don't understand. Like there's really no max supply in Ethereum and then we're just like burning it to inflate the price, which it just all seems like a waste. That is my opinion. Yeah, my answer was basically that I wouldn't compare the two because there are two completely different projects doing completely different things. Bitcoin is the OG, it is the gold standard and Ethereum is not really a competitor. It's not trying to do what Bitcoin is trying to do. It's trying to be its own self, right? So it's built completely differently. So I wouldn't say that and when it comes to like tokenomics, like you said, Ethereum theoretically has an infinite supply, right? There's no cap even though it does burn Ethereum and I think at this point now the supply has been going down because of that, but we know exactly how many Bitcoins there will ever be in existence and there will never be more. So there's a hard cap. So that's why that scarcity is probably the main thing and if you're talking scarcity, then Bitcoin obviously has a better tokenomics structure. However, again, I don't think they're competing against each other. I don't think Bitcoin's tokenomics has a negative effect on Ethereum's tokenomics or anything like that. They're two completely different things and I think they both play specific roles and they fulfill their purpose. So that was kind of my thoughts on that. Let me see. And somebody else asked, have you taken a look at CASPA? Have you? CASPA, CASPA is a cool project. I actually tried to reach out to some of their, I guess founding members and like it was just so hard to figure out who it was to begin with. CASPA is a proof of work project that's like all community-based. It's pretty cute. It was very similar to Bitcoin where there was like no pre-mine and a very few proof of work projects to do that kind of stuff. It's a pretty solid, out of all the proof of work projects, it's definitely one of the more solid ones. It's what I'd say. Do you have? Pretty, pretty helpful community. Do you hold any CASPA? Do I hold any? Yeah. I don't know. That's a good question. I might. Yeah. I know a lot of the Bitcoin maxis kind of, they really like CASPA as well because it's so similar. Yeah. Except for values. Right, exactly. Exactly. So I know that it's been something like that as well. I don't currently hold any CASPA. And then someone else asks, can the Cosmos ecosystem compete with Ethereum? Cosmos is right behind Ethereum at this rate in terms of like ecosystem and ecosystem size, which is pretty damn good, to be honest. I mean, we've seen Cardano, we've seen Solana that came in hot. Cosmos has sustained itself pretty well, even through hacks and all that kind of stuff. It's been pretty sustainable. So we'll see. I think that, I think that even with what's happening right now with the SEC and then basically like disregarding anything that is Ethereum, well, not anything that is Ethereum, but the Ethereum ecosystem itself and then saying like, hey, this thing over here, Cosmos, that's a security, like them even like doing that play, it kind of like would make you think like, no, not really not. But in terms of size and even the amount of projects that have been like pumping out that ecosystem, it's pretty damn good. So the winner today might not be the winner tomorrow, is what I gotta say on that. I think Bitcoin will always stay where it's at because Bitcoin is just a very unique asset. And it is what it is. As for Ethereum, I feel like Ethereum is extremely wasteful, in my honest opinion. The gas fees are still high and it's for no reason. And there is unnecessary things like double checking, contracts, like in MetaMask, if you wanna do a swap, for example, you need to pay for it to make sure that you're not like a blacklisted address before you buy an asset. It's like, there's like things that don't actually make sense. It's like, I end up, I remember I went to go do a swap out of one of my wallets and I pressed to prove and I thought, we're done. But no, I just gave these guys $5 to verify. What exactly? And then it's like, okay, well actually now you have to pay us double. It's like, it doesn't make any sense. And it's like actually a very uncomfortable ecosystem to operate in. It's just not great. Yeah, I honestly, the later twos, later twos are cool, but I really don't do too much with them. I mean, I have stuff on Arbitrum, I have stuff on Optimism, but it's just like, why even? Like to get stuff from there off, it's just a lot. It's just a lot and not something that I think for the long run, anybody wants to deal with. So I'm bullish on Adam. Right. Yeah, yeah. The same, my point of view is pretty much the same. And I don't think that Ethereum needs to fail in order for Adam to be successful. I think, even with Ethereum being successful, Adam can also be successful in its own right. So just kind of my thought on it, but I am invested in both those projects as well. So that's pretty much it. That's pretty much everything that I had here. If you have anything else, anything else you wanna share today or you think we got it all covered? Good, most part. I don't think there's anything off the top of my head. It is July 10th. Wow. Year is flying. I guess guys just remember, if you have some Litecoin, that Litecoin happening is coming up. Yeah. And I think that's it. I don't think there's anything else that requires major attention. DYOR, this is not financial advice. And we'll see you next time. Yep, for sure. And remember, we'll be here on every Monday. One either one PM or two PM, depending on what our schedule is like, because we're two people trying to make our schedule fit together. So sometimes we have to move the time a little bit, but we always try to make it on Monday between this time one, two o'clock, whatever it is that we can make it for this. So I appreciate you guys tuning in. Appreciate everyone who sent in some questions and appreciate everyone who's been supporting this. We are now in episode 20. So yeah, that's it. By the way, before we end, the price of Bitcoin is up $300. Since the start of the screen. So there you guys go. Alrighty guys, so we'll see you on the next one as always, peace and love.