BTCUSDT Analysis by themoon

The analysis identifies a diamond pattern formation in the BTCUSDT chart, a pattern the speaker claims is often seen in cryptocurrency markets and that he was the first to recognize and discuss in the crypto YouTube space. The pattern is interpreted to signal either the top or the bottom of a trend, causing him to question whether a local top has been reached, he still has faith in his bitcoin position and thinks going to 130k is possible but is open minded, he does point out that, if the BTCUSDT is broken, then the speaker will exit all bitcoin and altcoin positions. The video outlines two potential scenarios: a final shakeout to $90,000 before a move to $130,000, or a drop to $88,000 if key support levels are breached (in the $90,000 to $100,000 area). A significant blue line is the key, with a potential long position on a rebound