Bitcoin: Personne n'est prêt (.. moi non plus)

This market analysis provides a comprehensive look at the current state of Bitcoin and the broader cryptocurrency market as it enters the month of March. The speaker emphasizes that the upcoming market opening at 15:30 is expected to be "explosive," describing it as a potential "festival of rockets" or significant "squeezes." Because of this anticipated volatility, he advises caution, noting that traditional technical analysis, support and resistance levels, and even on-chain data may become unreliable during the initial market swing. A key focus of the analysis is the monthly opening for March, which is set at $66,460. This level is identified as a critical pivot point; if the price moves sharply upward and retests this mark, it could serve as strong support. Conversely, if the market drops, it may act as a major resistance level. The speaker also notes that the previous month's high was around $78,000, while the previous weeks' levels hovered near $70,000. Utilizing proprietary "Underground Trading" indicators, the speaker highlights a significant decorrelation between price and Open Interest. Historically, such decorrelations have preceded major trend reversals. Currently, while the price is moving horizontally within a range, Open Interest is trending diagonally downward. This suggests a growing lack of interest or a decrease in the number of active traders, meaning those still in the market represent a minority. Regarding market sentiment, the data shows that shorters have been very active since the weekend. The speaker suggests that since the crowd is heavily leaning toward short positions, a "short squeeze" is a likely scenario at the 15:30 opening. This would involve a price spike to liquidate shorters positioned between $67,300 and $69,800 before the market makes a more definitive move. He believes the S&P 500 will be the primary driver of this afternoon's price action, asserting that news and traditional market movements will outweigh on-chain speculation today. The speaker also reviews specific trade performances and altcoin setups. He highlights a successful trade on ADA (Cardano) that yielded over $4,200 in profit, contributing to a total PNL of $85,000 since January. For ADA, the "Point of Control" (POC) and volume profile indicators show the price ranging within a "value area" where 70% of transactions occur. For Ethereum, the analysis points to more resistance than support in the current zone, though a potential support level is noted around $1,861. He suggests Ethereum may continue to range between two key levels, representing a 12% spread. The session concludes with a mention of the speaker's transparency regarding both wins and losses—acknowledging a $10,000 loss on a Bitcoin long that was later recovered through an ADA short. He encourages the use of his indicators, which are available to his community, and ends with a community giveaway based on predicting whether Ethereum's next daily candle will be green or red.