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Bitcoin BREAKS $80K: Is It a Trap?

Channel: Verified Investing YouTube

Watch on YouTube · 2026-09-03

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**Summary:** - **Stock Tickers & Price Levels:** - Bitcoin (BTC): - Resistance: $60,000 (August 24 high), $64,800 (November 2020 wick low intersecting with May 2021 high) - Support: $55,000 (expected short-term pullback) - Ethereum (ETH): - Resistance: $4,000 (January 2021 high) - Support: $3,500 (expected retest before further upside) - Binance Coin (BNB): - Resistance: $690 (May 31 pivot top) - Support: $550 (parallel channel top) - Cardano (ADA): - Resistance: $3.10 (descending trendline), $3.00 (horizontal pivot from March 2021) - Support: $2.50 (expected pullback level) - **Key Trading Strategy:** - Bitcoin: Watch for short-term rejection around $60,000, potential breakout above $64,800 - Ethereum: Expect retest around $3,500 before further upside, potential altcoin rally led by ETH - Binance Coin: Watch for retest of parallel channel top around $550 - Cardano: Watch for resistance around $3.10 and $3.00, potential end of downtrend - **Indicators Used:** - 4-hour candles for Bitcoin, Ethereum, and Binance Coin - Descending trendline and horizontal pivot for Cardano - **Entry/Exit Rules & Suggested Trades:** - Bitcoin: No specific entry/exit rules mentioned - Ethereum: No specific entry/exit rules mentioned - Binance Coin: No specific entry/exit rules mentioned - Cardano: No specific entry/exit rules mentioned, but Nick took profit on his position - **Timeframes Mentioned:** - 4-hour candles for Bitcoin, Ethereum, and Binance Coin - Daily candles for Cardano - **Risk Management Tips:** - No specific risk management tips mentioned - Nick mentioned taking profit on his Cardano position
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