Bitcoin Down 3 Days: Bull Trap Or Buy Zone?

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Bitcoin is down for the third day in a row, and Gareth Soloway breaks down whether the bear market is taking control again or this is just a healthy pullback inside a bigger bullish structure. Gareth walks through the crypto complex chart by chart, then turns to his active oil short and a quick read on gold and silver.

On Bitcoin, Gareth maps the cup-and-handle pattern, the 67,000 dollar resistance pivot, and the short-term parallel channel he wants to see hold near 63,500. He explains why the bigger pattern still points higher near term, with a target in the 71,000 to 72,000 zone, even as he stays a mid-term bear looking for an eventual collapse. Gareth shows how a swing trader plays longs in the short term and the macro pattern separately.

From there he covers Ethereum’s inverse head and shoulders and its 1,800 support line, Solana’s pullback into the 70 dollar level with a path to 100, and XRP digesting its breakout with a possible new inverse head and shoulders forming. Gareth closes on his oil short, why bearish comments give him more confidence, and where gold and silver sit inside their ranges ahead of a major gold report he is releasing soon.

Gareth Soloway is Chief Market Strategist at Verified Investing with roughly 30 years of trading experience.

▶ Free market insights: www.VerifiedInvesting.com

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CHAPTERS (estimates — verify against the final edited cut before publishing)

0:00 Intro: Bitcoin Down Three Days
0:50 Bitcoin Cup And Handle And 67K Resistance
2:00 Bitcoin Parallel Channel And 72K Target
3:20 Bitcoin Swing Trade Vs Macro Bear
4:00 Ethereum Inverse Head And Shoulders
5:00 Solana Pullback To 70 Dollars
5:45 XRP Breakout Digestion
6:20 Why Emotion Wrecks Traders
7:15 Oil Short Update
8:20 Rumble Wallet
9:30 Gold And Silver Range Read

#Bitcoin #CryptoAnalysis #OilTrading #TechnicalAnalysis #SwingTrading

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