Bitcoin's Trend Trap: The Shoe Has Spoken

evvelsi gün

Why This Bounce Won't Stick & Where Price is Headed Next

Bitcoin's recent price action is fooling a lot of people into thinking that the worst is over—but the charts are telling a different story. This latest analysis focuses on trend caps, resistance confirmations, and why Bitcoin is more likely to fail its recovery attempt rather than sustain a new rally.

The video dives into chart physics and explains how trend lines aren't just drawn arbitrarily—they reveal how price interacts with past levels of support and resistance. Using a line of closings and crossings, Hollywood demonstrates how price will tend to respect these self-reinforcing levels. Bitcoin’s recent attempt to push upward is running into trouble because it's failing to break key levels that would indicate actual bullish momentum.

Instead, the market is setting up for a return to test the lower support. Even if price manages a small push higher, it won’t change the overall structure—it's still heading toward the inevitable retest of lower levels, and this time, the failure will be decisive.

Know Thy Shoe. Trust Thy Shoe.
This isn’t just about Bitcoin’s price—it’s about the psychology of the market. Traders don’t want to believe a deeper drop is coming. There’s an unspoken desperation to keep Bitcoin in the 90K range, but the reality is that there’s nothing but clear air below. No real support, just a big empty space where the price should have built a foundation—but didn’t.

Hollywood’s message? Watch the trend cap. Watch the test of the floor. And when the shoe fits, wear it.


(wow, thank you ChatGPT for really good video summary from nothing but a transcript
....
Yeah, ladies and gentlemen, I didn't write all that, if this was me writing all this all the time you wouldn't get this till tomorrow or maybe next Wednesday)

evvelsi gün

Not

Wow, I just watched this myself… I could've made this video five minutes long LOL
Please bear with me as I say the same thing over and over and over again, while reaching a conclusion. I was stuck in some kind of brain loop.

Oh yeah, and I forgot to add at the bottom of the summary: you shouldn't take investment advice from a stranger on the Internet, and that's not even what this is, 'cause that would be against the rules, and way too much stress for me anyway.