Bitcoin: 75K Short Squeeze, Here Is What Comes Next

Bitcoin: 75K Short Squeeze, Here Is What Comes Next

Bitcoin just ripped from 70K to 75K on Trump’s Iran comments and over 430 million dollars in short positions got liquidated in 24 hours. Every permabull on YouTube is back calling for a new bull market. I don’t agree. In this video I walk through exactly why this rally does not change my thesis, what the macro environment actually looks like underneath the news, and what would need to happen for Bitcoin to actually become bullish from a structural standpoint.
This is an Elliott Wave Analysis.

00:00 Bitcoin Rips To 75K On Trump Iran Comments
00:45 The News Context: Short Squeeze And Peace Talks
02:00 ETF Inflows Surging And The Debasement Hedge Thesis
03:24 The Catalyst Changed But The Structure Did Not
03:45 Daily Chart: Still In The Corrective Bounce
04:30 The 2022 Fractal And Why It Matters
05:30 The Q2 Forecast And The B Wave Extending
06:44 On Chain Indicators: NUPL And LTH Realized Price
07:30 NUPL Explained With Simple Analogy
09:00 LTH Realized Price At 44K
09:49 Why These Indicators Did Not Call The Top (Honest Answer)
11:30 Elliott Wave Is The Leading Indicator
12:37 Microstructure And The Five Wave Move From March
13:30 Key Resistance Zone: 76K To 80K
14:30 Key Support At 72.7K And What To Watch
15:21 Counter Trend Rallies Are Choppy
16:00 Closing And What Comes Next
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