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Bitcoin Just Got Rejected — Are We Heading for New Lows?
Watch now 👉
Bitcoin lost the top of its range and is retesting support, with The Trading Parrot analyzing whether this rejection signals new lows or a bounce to $69K liquidity. Using RSI, wave counts, and dinosaur indicators (Gaussian channel, EMA ribbon, Super Guppy), the video breaks down key levels and scenarios for traders. Watch to see if $64K support holds or breaks for the next big move.
00:00 Bitcoin Price Action and Range Retest
02:00 Monthly Seasonality and CPR Levels
04:06 Wave Counting 1-2-3-4-5 Pattern
06:55 RSI Breakdown at 41 on 4-Hour
09:37 Liquidity at Top 69k Resistance
13:35 Focus on Losing $64k and RSI 41
16:00 Fractal Analysis Karma Theory Pattern
18:00 CPR Levels for July and August
23:01 Bull vs Bear Scenarios on Monthly
25:28 Base Case Scenario Below 60k
27:29 Dinosaur Indicators Gaussian Channel
32:36 EMA Ribbon Indicator Analysis
35:43 Super Gappy Indicator Overview
36:57 Counting Red Arrows in Super Gappy
41:12 Summary and Key Levels for Scalping
#Bitcoin #BTC #CryptoAnalysis #TechnicalAnalysis #TradingParrot