MAJOR SUPPORT BROKEN FOR BITCOIN ($60k is the next target)

Bitcoin lost major support on Monday, opening June 1st at $71,408 well below the support fan Aaron has been tracking for months. After a 4.64% wick-to-wick drop and a negative 3% monthly close to start June, Aaron breaks down why this breakdown is significant, where price is most likely headed next, and why the altcoin strength many traders are celebrating right now could be a dangerous and costly distraction.

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Aaron maps out a price target cluster between 67K and 65K as the next likely zone where bulls may capitulate, with deeper targets at 60K, 49K, and 38,555 still firmly on the table. RSI closed at 18.45 on June 1st, an oversold extreme that signals an eventual reset but not yet a bottom, with the critical historical floor to watch sitting near 9 on the RSI. Aaron also walks through the TBO open short confirmed on Saturday and the two TBT bearish divergences that flashed on May 13 and 15, with active short positions on Bitcoin around $81K, Ethereum around $2,300, and Solana around $97.

Combined stablecoin dominance has an open long confirmed and continues to rise, while Bitcoin dominance is falling and others dominance is surging, explaining why some altcoins are posting green candles even as Bitcoin breaks down. Aaron explains that 13% combined stablecoin dominance is his trigger to begin aggressively accumulating altcoins for a multi-year hold. Until that level is reached, Aaron urges viewers to protect their portfolios, take profits on winning altcoin positions, and watch the dominance charts closely because the current alt strength is unlikely to survive if Bitcoin continues lower toward those deeper targets over the next four months.

📖 Chapters 📖
00:00 Bitcoin Loses Major Support
01:30 Support Fan Breakdown
04:00 Short-Term Support Levels and Price Targets
07:00 RSI at Oversold Extremes
10:00 Historical RSI Lows and What They Signal
12:30 TBO and TBT Indicator Review
15:00 Aaron’s Active Short Positions
17:00 Total Crypto Market Cap Chart
19:30 Stablecoin Dominance Rising
23:00 Bitcoin Dominance vs Others Dominance
26:00 Altcoin Warning: Take Profits Now
28:30 When Aaron Will Start Buying Altcoins
30:00 Final Thoughts

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🔔 Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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