What’s up, guys? Sorry for making videos. Not too often. Being busy here, but let’s look at the price of Bitcoin, what is happening. And the major thing is, of course, this bump and everybody’s looking at the result of this bump, whether the price will go higher from that era or lower. Well, I would say that I mean, in my personal opinion, this was not too likely to happen. I expected that the price will go actually lower from that point. But, well, the market does what it does. And the main thing here is that we are very close to the major resistance line of the highs from even 2000 17th and this high as well. So it’s like a global trend line. So if we’ll go above it, it would be a nice signal to the fact that we might actually have a new bull market despite I still don’t believe that this is the accumulation and still don’t see this as the like a classical board bottom formation. But things may happen and still, it’s just low probability. But there is still a chance that it will happen. So in any case, the fact that the price rose from four thousand dollars to seven points six, like almost twice, and then instead of having a healthy correction, actually rose even more. Well, on the one hand, it is a bullish sign, right? Because it’s kind of a strength of the trend. On the other hand, the higher we go without the healthy corrections or reasonable corrections, the more likely that will go much, much lower when this correction happens. And trust me, it should happen like it’s avoidable. I mean, the history of the market and the statistics doesn’t have the precedent that something goes up forever. But what makes me personally a little bit bearish at that point is that, well, we, first of all, have a little bit of bearish divergence here. You see highs are going higher on the price and highs are going lower on the indicator and some other indicators as well. So this is a bearish divergence. Second thing, again, we are too high from the lowest point here. So I think that the rise is overextended. So we need to make a correction. Moreover, on a daily timeframe, you might notice the green line here. Still, there is no count. Neither red nor green yet. We still have some kind of a sideways price action accumulation. See, the shadows of the candles are going up and down and basically the bodies of the candles are very small. And I would say that whenever you have this green nine, it’s always a very nice cell signal. Well, I mean, not a hundred percent, but steel like you see here. Here as well. Here, here. We always had a more or less deep decline in price. So that is very likely that we’ll see the same here, although, of course, we can have like a false breakout to the upside, even very fast and then go lower, or that may be a broken rule. This rule might be broken here. And we might ignore these green nine. So don’t think that this is like a hundred per cent chance of the drop to happen. Instead of that, what I would suggest you do. I mean, not you, of course, is not a financial device. What I will do, let’s say let’s put it that way. I will. I’m looking at this sideways price action channel right now. You see, this is eight thousand five hundred dollars. This is nine thousand two hundred dollars. If the price goes lower than eight thousand five hundred dollars, something like that, and we’ll test the same swell, of course, is not an absolute number. But still, does this level have a rejection goes lower than this previous low? Then I would say that this is the bear trend. I will take a short position if another thing happens and we will have the opposite situation when the price goes above nine thousand two hundred dollars and make something like this. Then I would treat it as a bullish sign. And especially if it would be as high volume. I will go long. So that is pretty simple. Right now. The channel is very straightforward and I think is just reasonable to consider the risk in these trading decisions and traded correspondingly. So another thing which I would mention is the fact that we are seemingly broken, the correlation between the stocks, the traditional markets and bitcoin, despite the price of the stocks are going down. So this seemingly this which. Is broken down words the same with a similar wedge in the price of Bitcoin? We are having that price going up. But actually, I wouldn’t really give that too much of the weight because first of all, you see the correlations look a little bit shifted. Right. So this low happens before, this low happens after. And also maybe this correction is actually this correction. So, in fact, the same as the major trend is still the same. So if we see something like the correction, strong correction of this rise on S&P and other durational markets, we might see the same happen with Bitcoin. And that world would be kind of a bull trap. And we might see the same like six thousand dollars level like a measure correction from that point. But in any case, I would still say that let’s just consider this price action as the signal to either long or short. Currently, it’s probably the better strategy, at least in my opinion. Well, in any case. Guys, I will keep you informed. There is a lot of things happening on Twitter. I posted a lot of these signals and the things about the price action, like, for example, this one was the nine green. Another green nine. And I made a lot of comments about it. So green on a four-hour time frame. And after that price dropped something like eight hundred dollars slower, lower. So it was a major correction. It played out very well. Another thing, for example, is this. So Price approached to the Gap, actually posted it beforehand. Something like here. So the price approach to the major gap on Seem E and was a question whether the gap was Bluefields soul gap was filled eventually. So a lot of things to cover here. So please go ahead and join Twitter if you didn’t yet. The same is on telegram. And that is it for today. I will keep you updated and I hope that it was useful. Thank you very much for watching and see you next video. Goodbye.